New Delhi, April 30 -- Driven by the government's Production Linked Incentive (PLI) scheme, India's domestic telecom equipment production surpassed the Rs 45,000 crore milestone in the fiscal year 2023-24, with exports contributing around Rs 10,500 crore.

"Telecom equipment manufacturing was once a distant dream for our country, but the Make-in-India and PLI programmes have truly succeeded," Telecom Minister Ashwini Vaishnaw told ET.

He highlighted India's transition from being a telecom gear importer for decades to a manufacturing hub producing over Rs 45,000 crore worth of equipment annually.

The sector encompasses complex products like radios, routers, and network equipment. The government has also incentivised the local production ...