Which of the following statements is are correct with reference to the Production Linked Incentive P...........

Current GK ( Master) Industry

Which of the following statements is/are correct with reference to the Production Linked Incentive (PLI) Scheme for Telecom and Networking Products?

A. The Production Linked Incentive (PLI) Scheme intends to promote manufacture of Telecom and Networking Products in India and proposes a financial incentive to boost domestic manufacturing.

B. Support under the Scheme will be provided to companies/entities engaged in manufacturing of specified telecom and networking products in India.

Only A

Only B

Both A and BNeither

Neither A nor B

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Explanation:

Answer(3)

The Union Cabinet has approved a Rs 12,195-crore Production Linked Incentive (PLI) scheme for domestic manufacturing of telecom and networking products such as switches, routers, radio access network, wireless equipment and other internet of things (IoT) access devices. The Production Linked Incentive (PLI) Scheme intends to promote manufacture of Telecom and Networking Products in India and proposes a financial incentive to boost domestic manufacturing and attract investments in the target segments of telecom and networking products in order to encourage Make in India. Support under the Scheme will be provided to companies/entities engaged in manufacturing of specified telecom and networking products in India.