The Department of Telecommunications approved 31 proposals entailing an investment of $447 million (INR 33450 million) over the next 4.5 years, as part of the Production Linked Incentive (PLI) scheme for telecom and networking products manufactured in India. Proposals from seven global companies, 8 domestic firms and 16 Micro Small and Medium Enterprises were approved. Nokia India, Ericsson, Foxconn, Tejas Networks, VVDN, STL Technologies, Dixon and HFCL, are some of the companies selected for this scheme. The PLI scheme covers the manufacturing of telecom gear, such as core transmission equipment, 4G/5G radio access network (RAN) and wireless gear, internet of things (IoT) access devices, customer premises equipment (CPEs), and enterprise equipment including switches and routers, among others.