Tejas Networks to invest under design-led PLI scheme

Homegrown Tejas Networks plans to invest Rs 750 crore to manufacture eligible products under the Design-led Production Linked Incentive Scheme.

The Ministry of Communications expanded the PLI scheme for telecom and networking products with a total of 42 companies, including 28 MSMEs, that have been cleared for receiving incentives for a total investment of Rs 4,115 crore.

Tejas Networks designs and manufactures high-performance wireline and wireless networking products for telecommunications service providers, internet service providers, utilities, defence and government entities in over 75 countries. Tejas Networks Ltd. is a part of the Tata Group, with Panatone Finvest (a subsidiary of Tata Sons) being the majority shareholder.

Sanjay Nayak, CEO & Managing Director of Tejas Networks said, “We thank the Department of Telecommunications (DoT), Ministry of Communications and SIDBI for approving our application under the Design-led Manufacturing scheme for telecom and networking products. This is an excellent policy of the Government of India to promote Indian R&D and IPR for the creation of world-class telecom products with high domestic value addition, where they give additional incentive for Indian designed and manufactured products. As India’s leading R&D-driven telecom products company, we look forward to contributing to the creation of a strong domestic ecosystem in next-generation telecom and networking products and help in realizing the vision of Atmanirbhar Bharat in the telecom sector.”