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Why in News?
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The Ministry of Labour recently released a new series of Wage Rate Index (WRI) with base year 2016, being compiled and maintained by the Labour Bureau.
1. About
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The production Linked Incentive (PLI) scheme was introduced by the Department of Telecommunication (DoT) in February 2021
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In the telecom PLI scheme, 31 global and local companies were selected to undertake incremental production worth Rs 1.82 trillion over five years
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But since the outlay was not utilised fully, the design-led manufacturing has been incorporated into the PLI scheme
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The DoT will give an option to companies selected under telecom PLI to also apply for design-led manufacturing, which gives a 1% higher incentive
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But in order to get selected, the companies have to design locally and register the source code in India. Since most of the global firms don’t have their source code here, Indian companies may stand to benefit more
2. Significance of design led manufacturing scheme
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It will build up a strong ecosystem for 5G
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It is primarily aimed at supporting the efforts for designing telecom products in India
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It will help in recognizing and encouraging R&D-driven manufacturing in the country
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It will help to enhance the contribution of Indian manufacturing to the global value chain as envisaged in the National Digital Communication Policy, 2018
