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VVDN to make 4G, 5G modules for Italy's Telit Cinterion
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₹2,419 crore, with sales of ₹34,516 crore, exports of ₹7,600 crore, and over 17,753 jobs generated. In 2022, when the scheme was rolled out, the government had approved of 42 companies with investments of ₹4,115 crore to avail the scheme which offered incentives on expected sales of ₹2.45 trillion and employment for over 44,000 people over a six-year period ending FY26.
“The telecom manufacturing industry in India has matured and within a very short timeframe we have started exporting to US, UK, Netherlands, France, Spain, Austria, UAE and Japan. There will be many more companies who want to manufacture in India clearly placing India as a trusted value chain partner," the minister said."Exciting news! Mint is now on WhatsApp Channels
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