New Delhi, Oct. 6 -- India is weighing a new production-linked incentives (PLI) scheme to promote telecom equipment manufacturing that will succeed the current scheme ending in March, two people aware of the plans said. While the existing scheme of Rs.12,195 crore focuses primarily on final product assembly, the new one worth Rs.6,000- Rs.7,000 crore will aim to go deeper into component manufacturing.

The Union finance ministry is reviewing a proposal submitted by the Department of Telecommunications for the new scheme, the people said on the condition of anonymity. The proposed five-year plan aims to create 9,000 direct jobs, drive Rs.3 trillion in sales, and generate Rs.1.5 trillion in additional exports, they added.

"A final decision...