HFCL to invest Rs 450 crore, make telecom parts

HFCL has committed to invest Rs 450 crore in the design-linked incentive (DLI) scheme of the Department of Telecommunications (DoT) to manufacture telecom products such as routers, antennas and 5G radio equipment. The company has migrated to the DLI scheme as it is designing and manufacturing the products locally.

“HFCL has applied for an investment of Rs 450 crore in the government’s DLI scheme for the creation of facilities to manufacture telecom equipment including R&D facilities,” Mahendra Nahata, MD at HFCL, told ET.

“The subsidy amount will depend on the revenue that is generated and the subsidy will be distributed over four years.”


He said the investment will support various stages of development and deployment of a futuristic range of technology products and solutions. “The investment will promote development of indigenous next generation telecom solutions for India and key global markets.”