From 68k crore, trade deficit in telecom has dropped to 4k cr: Scindia

The trade deficit in the telecom sector has reduced to Rs 4000 crore over the last five years, down from Rs 68,000 crore earlier as a result of the production linked scheme (PLI), telecom minister Jyotraditya Scindia said on Wednesday.

“The PLI scheme has significantly reduced the country’s reliance on imported telecom equipment, resulting in import substitution of 60 per cent,” he said.