Resolute receives approval under Centre’s PLI scheme

The Resolute group of companies has received approval under the Central government’s Production Linked Incentive (PLI) scheme for telecom and LED lighting.Stating it is only company in Telangana to ha

The Resolute group of companies has received approval under the Central government’s Production Linked Incentive (PLI) scheme for telecom and LED lighting.

Stating it is only company in Telangana to have received PLI approval for both telecom and LED lighting, chairman Raminder Singh Soin on Tuesday said with the PLI sanctions, it will be moving into the next phase of growth.

One of the 16 micro, small and medium enterprises (MSMEs) to be approved for the PLI scheme for telecom last month, Resolute intends to make investments and start manufacturing of telecom equipment, including networking products, 4G, 5G telecommunication equipment and fibre optic telecommunication equipment. “We look forward to partnering with our potential customers and meeting individual customer expectations by scaling up volumes in production and assuring product and service quality,” he said in a release.