Govt disburses Rs 331.8 crore telecom PLIs, Jabil Circuit, Nokia top beneficiaries

The Indian government has disbursed Rs 3,318 crore under the Production-Linked Incentive (PLI) scheme for the telecom sector. This funding aims to boost domestic manufacturing and reduce dependence on imports. Major beneficiaries include Jabil Circuit and Nokia, who will use the funds to expand their manufacturing capabilities in India. The PLI scheme is part of the government's broader push to enhance the telecom ecosystem and make India a global manufacturing hub. The initiative will also create new jobs and encourage foreign investments in the Indian telecom sector.