New Delhi, Nov 1 (PTI) Domestic telecom gear maker HFCL will invest around Rs 425 crore for manufacturing equipment under the production linked incentive scheme in the next four years.
HFCL is one of the 42 companies selected for the telecom PLI scheme which enables it to avail incentives up to Rs 652.79 crore.
HFCL has committed an investment of around Rs 425 crore towards development and manufacture of various eligible products under the PLI scheme. The incentive amount will be distributed over a period of 5 years commencing from FY 2022-23 to 2026-27, allowing HFCL to be more competitive globally by adding margin-accretive products under its portfolio," it said in a statement on Tuesday.