Saankhya Labs, a subsidiary of Tejas Networks (BSE: 540595) (NSE: TEJASNET), today announced that the Ministry of Electronics and Information Technology, Government of India (MeitY) has approved its application under Government of India’s Semiconductor Design Linked Incentive (DLI) scheme for the development of a System-on-Chip (SoC) for 5G telecom infrastructure equipment.
The Design Linked Incentive (DLI) Scheme offers financial incentives as well as design infrastructure support across various stages of development and deployment of semiconductor design for Integrated Circuits (ICs), Chipsets, System on Chips (SoCs), Systems & IP Cores. Saankhya’s application for the development of SoC was evaluated by CDAC (Centre for Development of Advanced Computing) on behalf of MeitY and approved reimbursement on completion of development milestones.
Mr. Parag Naik, CEO & Managing Director of Saankhya Labs who hails from Belagavi, said, “We thank the Ministry of Electronics and Information Technology, Government of India and CDAC, the DLI implementing agency, for approving our application under the Semiconductor Design Linked Incentive scheme for the Development of a System-on-Chip for 5G Telecom infrastructure equipment. DLI is an excellent policy initiative by Government of India that helps Indian R&D companies to build valuable Intellectual Property and develop world-class semiconductor products for domestic and international markets. As India’s leading R&D-driven semiconductor and telecom products company, we continue to invest in path breaking technologies and indigenisation of key components to realize the vision of an Atmanirbhar Bharat in the semiconductor and telecom sector.”
About Saankhya Labs
Saankhya Labs, a subsidiary of Tejas Networks, is an innovative leading-edge technology company with a breadth of wireless communication system solutions. Saankhya offers a wide range of communication products for 5G NR, Broadcast and Satellite Communication applications. With over 100 International Technology Patents and unique ‘chipset-to-systems’ expertise, Saankhya’s solutions include award-winning SDR chipsets for communication, next gen OpenRAN Solutions for 5G networks, multi-standard direct to mobile (D2M) broadcast and Satcom solutions.