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The department of telecom on Thursday approved 31 proposals entailing an investment of Rs 3,345 crore over the next four and a half years.<br /><br />"The investment of Rs 3,345 crore in the next 4.5 years is just a beginning. Government is helping you (industry players) as a catalyst," minister of state for communications Devusinh Chauhan said.<br /><br />The companies selected for the <keyword id="8941225" type="General" weightage="20" keywordseo="pli-scheme" source="Orion">PLI scheme</keyword> include <keyword id="6354716" type="General" weightage="20" keywordseo="nokia" source="Orion">Nokia</keyword> India, <keyword id="281546" type="General" weightage="20" keywordseo="hfcl" source="Orion">HFCL</keyword>, Dixon Technologies, <keyword id="256305" type="General" weightage="20" keywordseo="flextronics" source="Orion">Flextronics</keyword>, <keyword id="6354671" type="General" weightage="20" keywordseo="foxconn" source="Orion">Foxconn</keyword>, <keyword id="12310778" type="General" weightage="20" keywordseo="coral-telecom" source="Orion">Coral Telecom</keyword>, VVDN Technologies, <keyword id="12224491" type="General" weightage="20" keywordseo="akashastha-technologies" source="Orion">Akashastha Technologies</keyword>, and GS India.<br /><br />The DoT notified the <keyword id="10781612" type="General" weightage="20" keywordseo="PLI-scheme-for-telecom" source="Orion">PLI scheme for telecom</keyword> and networking products on February 24, 2021, with a financial outlay of Rs 12,195 crore, over the five years.<br /><br />The scheme for telecom gear manufacturing in India is expected to encourage the production of equipment worth Rs 2.44 lakh crore and create direct and indirect employment for about 40,000 people.<br /><br />The investors can earn an incentive for incremental sales up to 20 times the committed investment, enabling them to reach global scales and utilise their unused capacity and ramp up production.<br /><br />"This is the first scheme among all PLI schemes, which includes MSMEs. Without this, we would have been handicapped," Coral Telecom managing director Rajesh Tuli said.<br /><br />SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/stock-market/news/itc-surges-5-on-reports-of-potential-investment-from-an-e-commerce-titan/articleshow/87016393.cms">ITC surges 5% on reports of potential investment from an e-commerce titan</a><br /><br /><a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/startups/news/urban-company-has-announced-a-12-point-agenda-to-improve-partner-earnings-after-over-100-workers-protest/articleshow/87015949.cms">Urban Company has announced a 12-point agenda to improve partner earnings after over 100 workers protest</a> <br />

Nokia, Foxconn among global firms to benefit from India's telecom PLI scheme of ₹3,345 crore

<p><div class="KonaFilter image-container display-table"><div><div class="image on-image"><p class="source"><span>Anisha Shah</span></p></div><p></p></div></div></p><ul class="summary-list"><li><strong>Australia has completed the laying of undersea cables for its high-speed internet project in the Solomon Islands and Papua New Guinea, a snub to China's Huawei which had previously competed for the deal. </strong></li><li><strong>Australia agreed to pay for the majority of the $92.5 million project in 2018 after China's Huawei expressed interest in the arrangement. </strong></li><li><strong>According to <a href="https://www.watoday.com.au/world/asia/sea-cable-boosts-ties-to-png-solomon-islands-amid-china-influence-20190828-p52lpt.html">WA Today</a>, the project spans 4,700 kilometers (2,920 miles) and is linked to Sydney's Tamarama Beach using cables which feature optic fibers thinner than human hair. </strong></li><li><strong>Concerns have been raised in the past that Huawei technology could be used by China to spy on the West, an allegation that the company has repeatedly denied. </strong></li><li><strong><a href="https://www.businessinsider.com/?hprecirc-bullet">Visit Business Insider's homepage for more stories.</a></strong></li></ul><p>Australia has completed the laying of undersea cables for its high-speed internet project in the Solomon Islands and Papua New Guinea, a snub to Chinese tech giant Huawei, which had previously competed for the deal. </p><p>Australia on Wednesday laid the final piece of cable as part of its $A137 million ($92.5 million) infrastructure effort, known as the Coral Sea Cable, which links Sydney to its island neighbors. </p><p>Australia agreed to front most of the cost of the construction project <a href="https://www.businessinsider.com/r-australias-plans-to-build-foreign-ties-with-undersea-cables-hits-snags-at-home-2018-7">in 2018</a>, shutting out a competing offer by Huawei Technologies Co Ltd. According to <a href="https://www.watoday.com.au/world/asia/sea-cable-boosts-ties-to-png-solomon-islands-amid-china-influence-20190828-p52lpt.html">WA Today</a>, the project spans 4,700 kilometers (2,920 miles) and is linked to Sydney's Tamarama Beach using cables which feature optic fibers thinner than human hair. </p><p>The paper added that less than 11% of Papua New Guinea and Solomon Islands residents have internet access, making the project important to their future social and economic development.</p><p>Walter Diamana, Acting High Commissioner for Solomon Islands, said the project would "secure hope and bring a predictable future for our people," WA Today reported. </p><p><em><strong>Read more: </strong><a href="https://www.businessinsider.com/map-shows-extent-of-undersea-internet-cables-that-russians-could-cut-2017-12" target="_blank" rel="noreferrer noopener" data-qa="message_attachment_title_link">This incredible map shows the undersea cables that keep the internet alive - and security services are worried Russia could cut them</a></em></p><p>Australian Foreign Minister Marise Payne <a href="https://www.reuters.com/article/us-australia-pacific-cable-idUSKCN1VI08H">told reporters</a> Wednesday that the project was key to fortifying Australia's connection to the Pacific as China has begun expanding its efforts in the region. She said the goal was to have the cables in operation by December. </p><h2>Several countries have voiced concern that Huawei technology could be used by China for spying</h2><p><div class="KonaFilter image-container display-table"><div><div class="image on-image"><p class="source"><span>REUTERS/Jason Lee</span></p><p class="caption">A man holding his phone walks past a Huawei shop in Beijing, China December 12, 2018.</p></div><p></p></div></div></p><p>The US has long voiced concerns that Huawei's technology - along with that of its fellow Chinese telecom company ZTE - could pose a security risk, fearing that the company's technology could act as a backdoor for the Chinese government to spy on the West.</p><p>The US banned federal agencies and their contractors from using equipment or services provided by Huawei, which prompted harsh blowback from the Chinese tech giant.</p><p>In recent months, Australia has banned Huawei and ZTE from supplying tech for their networks, citing major security risks.</p><p><em><strong>Read more:</strong></em> <em><a href="https://www.businessinsider.com/eu-5g-cybersecurity-guidelines-huawei-2019-3">The EU is ignoring US calls to boycott Huawei in its 5G roll-out despite security concerns</a></em></p><p><a href="https://www.nytimes.com/2018/11/28/business/huawei-new-zealand-papua-new-guinea.html">New Zealand</a> has also turned down a proposal for one of its major telecom carriers to use Huawei gear in its planned 5G mobile network, but the country has not ruled out using the tech giant in future internet network upgrades if security risks are addressed.</p><p>Huawei's CEO pushed back on concerns about its 5G network in March, saying: "Cyber security and user privacy protection are at the absolute top of our agenda. We are confident that the companies that choose to work with Huawei will be the most competitive in the 5G era."</p><p>"The easiest way to bring down a fortress is to attack it from within. And the easiest way to reinforce it is from outside."</p><p class="tagline"><a href="https://www.businessinsider.com/intelligence/connectivity-and-tech-pro?IR=T&amp;itm_source=businessinsider&amp;itm_medium=ctgr_bii&amp;itm_term=ctgr_subscription&amp;itm_content=5g&amp;itm_campaign=connectivity-and-tech-pro"></a></p>    <div class="margin-top">        <h3>NOW WATCH: <a href="https://www.businessinsider.com/16-inventions-getting-us-off-fossil-fuels-and-into-renewable-energy-2019-8">16 inventions getting us off fossil fuels and into renewable energy</a></h3>        <div>                    </div>    </div>

Australia snubbed Huawei and completed its undersea cable project to bring high-speed internet to Pacific Islands

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Nokia, Foxconn among global firms to benefit from India's telecom PLI scheme of ₹3,345 crore

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Australia snubbed Huawei and completed its undersea cable project to bring high-speed internet to Pacific Islands

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