“This 7 per cent would be reimbursed by the government. One has to be careful and safeguard against such situations where we may only create traders who upscale themselves by one step,'' Tuli said. Tejas Networks chief executive officer and managing director Sanjay Nayak and Dixon Technologies executive chairman Sunil Vachani said they will be applying for the scheme. State-owned telecom gear maker ITI Limited is also in the process of submitting applications. The scheme will be effective from April 1, 2021. Investments made by successful applicants in India from April 1, 2021, onwards and up to the financial year 2024-25 will be eligible for incentives, subject to qualifying incremental annual thresholds.