STL says studying PLI scheme to assess benefit to expansion plans

"Data network solutions provider Sterlite Technologies is studying the fineprint of recently-announced PLI scheme for telecom to assess extent of benefits that may accrue to it on future expansion plans, particularly for its portfolio of 4G/5G wireless radio access equipment, its Group CEO said.
Overall, the 4-6 per cent incentives offered under the PLI (production-linked incentive) scheme are “attractive” as these give companies additional impetus to invest more, and faster. The timing too “works well” for the company which has already carved out aggressive expansion plans, Sterlite Technologies (STL) Group CEO Anand Agarwal told PTI."

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