HFCL, an Indian telecom company incorporated in 1987, has invested Rs 450 crore in the Design-Linked Incentive (DLI) scheme of the Department of Telecommunications (DoT) to take responsibility for manufacturing telecom products such as Routers, Antennas, and 5G Radio Equipment. The company has wandered to the Design-Linked Incentive (DLI) scheme as it has been designing and manufacturing the products in the local area.

“HFCL has applied for an investment of Rs 450 crore in the Government’s Design-Linked Incentive scheme for the creation of amenities to manufacture telecom equipment including Research and Development (R&D) facilities,” Mahendra Nahata, the Managing Director (MD) at HFCL, told ET. “The subsidy amount will be contingent on the revenue generated, and the subsidy will be distributed over four years.”

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