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The Department of Telecom has started disbursing production-linked incentives to shortlisted manufacturers who have completed their target for 2021-22, a government official said. Telecom gear maker GX Telecom, which has been shortlisted under the PLI scheme for promoting local manufacturing, said it received an incentive from the DoT under the scheme. Our vision for 2023 will be to develop products that are designed in India, made in India which will create skilled job opportunities in the direction of building India as a global hub ... with the incentive received further supporting new innovation to cater international market demands with indigenous products," GX International Group CEO Paritosh Prajapati told PTI. The company has a capacity to make 3.5 lakh units of GPON equipment which are used for rolling out broadband networks. GX Group Head of Sales Sambit Swain said that there is an increased demand for Made in India telecom equipment in the global market and the group is
The Department of Telecom has slashed performance and financial bank guarantee requirement of telecom operators by 80 per cent, according to a licence amendment note issued on Wednesday. Under the amended norms, telecom operators will be required to provide a performance bank guarantee of up to Rs 44 crore for each service for the telecom licence compared to Rs 220 crore mandated under the old rule. Similarly, telecom operators will need to provide a financial bank guarantee of maximum Rs 8.8 crore per circle now, against the previous requirement of Rs 44 crore. The rule will not be applicable in cases where bank guarantees (BG) have been furnished due to any court order or are subject to any litigation, the licence amendment note said. The rules will not apply to telecom operators, who are currently going through the liquidation process. The move will unblock the cash of telecom operators that they keep with banks to furnish BGs.