PLI can be found for up to 5 years
According to information received from sources, in this meeting, emphasis is also being placed on domestic manufacturing of telecom equipment, so that companies can get the facility of PLI for the next 5 years. Explain that the PLI scheme of 12,000 crore rupees is possible for companies.
Sources say Cabinet likely to take up PLI scheme for telecom & networking equipment. Also, cabinet may take up comprehensive economic partnership agmt with Mauritius, reports @rituparnabhuyan pic.twitter.com/oEXKPjLrPk
– CNBC-TV18 (@ CNBCTV18Live) February 17, 2021
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According to sources, let us tell you that telecom companies can get this PLI facility from April 1. With this PLI, the telecom sector will get a lot of boost. Also, shares of companies can also rise. Apart from this, the telecom department can conduct trial of 5G spectrum soon.
Auction will be held from March 1
Let us tell you that from March 1, 2021, the government is preparing to bid for spectrum. In the sixth round, bids will be made for spectrum of Rs 3.92 lakh crore. Let me tell you that this auction is going to be done after 4 years.
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Revenue was reduced in the budget
In the budget for the financial year 2020-21, the government had estimated revenue of Rs 1.33 lakh crore from the telecom sector. It was reduced to just Rs 33,737 crore in the revised estimates presented in the budget. It was stated in the budget documents that the receipts from ‘other communication services’ mainly consist of revenue from the telecom operators’ license fee and spectrum usage fee.