The Ministry of Communications on 19th July 2022, has extended the last date for submission of application under Design-led Manufacturing scheme for Telecom and Networking Products till 5th August 2022.
The Scheme is open to both MSME and Non-MSME Companies including Domestic and Global Companies. The applications from Design-led manufacturers shall be prioritized over other manufacturers while shortlisting. The Design Led Manufacturing is primarily aimed to support efforts for designing telecom products in India. It will recognize and encourage R&D-driven manufacturing in the country to enhance its contribution to the global value chain as envisaged in the National Digital Communication Policy, 2018.
Applicants will have to satisfy the minimum Global Revenue criteria to be eligible under the Scheme. The Company may decide to invest for single or multiple eligible products. The Scheme stipulates a minimum investment threshold of ₹10 Crores for MSME and ₹100 Crores for non-MSME applicants. Land and building cost will not be counted as investment. Eligibility shall be further subject to Incremental Sales of Manufactured Goods (covered under Scheme Target Segments) over the base year (FY2019-20). The allocation for MSME has been enhanced from ₹1000 Crores to ₹2500 Crores.
