The Telecom gear makers like Foxconn, Samsung, Cisco, Nokia, Flex & Ericsson are looking forward to implementing their local manufacturing plans under the telecom equipment production-linked incentive (PLI) scheme. The Department of Telecommunications has decided to provide a 4% to 6% incentive of incremental production in a year. The scheme covers products like 4G/5G next generation radio access networks, IoT devices, routers & switches. The final guidelines will be released soon as & when the manufacturing operations run smoothly across the sector. Plum, a health insurance startup has raised $15.6 million funding led by a U.S. based investment firm Tiger Global. Plum will invest the funds in engineering, business development & operations teams.
Source: The Economic Times