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PLI Scheme

Waaree Energies board approves investment proposals worth Rs 850 crore

Waaree Energies board approves investment proposals worth Rs 850 crore

Mon, Dec 23, 2024

Waaree Energies Ltd on Monday said its board has approved three investment proposals aggregating Rs 850 crore to set up electrolyser and storage cell manufacturing facilities.

Indian Pharma and healthcare sectors are poised for long-term growth: Centrum

Indian Pharma and healthcare sectors are poised for long-term growth: Centrum

Tue, Dec 17, 2024

The recent policy initiatives taken by the government of India will boost Indian Pharma and healthcare sectors in the long run says a report by Centrum post a three-day roadshow with pharma and healthcare experts.

Apple's iPhone Production in India Hits $10 Billion

Apple's iPhone Production in India Hits $10 Billion

Tue, Nov 26, 2024

Apple's iPhone production in India has reached a milestone of $10 billion from April to October. This significant achievement highlights the growth of Apple's manufacturing operations in India. Over the past four years, the company has also created 1.75 lakh direct jobs, contributing to the local economy. In this video, we explore the impact of this development, including job creation and Apple's increasing presence in the Indian market

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Government to launch another PLI scheme for speciality steel: Steel Secretary

Government to launch another PLI scheme for speciality steel: Steel Secretary

Fri, Sep 27, 2024

The government is working on the another round of the PLI scheme for speciality steel as the response for the first round of the initiative did not meet expectations, according to Steel Secretary Sandeep Poundrik.

PLI booster: 32 firms invest Rs 8,282 crore for large-scale electronics manufacturing

PLI booster: 32 firms invest Rs 8,282 crore for large-scale electronics manufacturing

Wed, Jul 24, 2024

In a fillip to local manufacturing, 32 companies have invested Rs 8,282 crore under the production-linked incentive (PLI) scheme for large-scale electronics manufacturing till June 30, the Parliament was informed.

Centre plans overhaul of PLI schemes to boost MSME sector

Centre plans overhaul of PLI schemes to boost MSME sector

Wed, Jun 19, 2024

New sectors such as toys, furniture, and apparel will soon be included under the PLI scheme due to their significant job creation potential. Additionally, the government may broaden the PLI scheme for man-made fiber (MMF) and technical textiles to incorporate certain cotton-based apparel, with announcements expected in the forthcoming budget.

PLI scheme to drive 5G subscriptions base to 860 million in India by 2029: Report

PLI scheme to drive 5G subscriptions base to 860 million in India by 2029: Report

Thu, May 23, 2024

"The PLI scheme is the key catalyst in the rapid growth of India's telecom equipment manufacturing sector," according to the report by Prabhudas Lilladher.

Govt gets 7 bids under PLI scheme for making Advanced Chemistry Cells to push green energy plan

Govt gets 7 bids under PLI scheme for making Advanced Chemistry Cells to push green energy plan

Tue, Apr 23, 2024

The Ministry of Heavy Industries said that it has received as many as seven bids under the global tender for the re-bidding of Production Linked Incentives (PLI) for 10 GWh Advanced Chemistry Cell (ACC) manufacturing announced on January 24 this year.

Govt disburses Rs 4,415 crore under eight PLI schemes so far

Govt disburses Rs 4,415 crore under eight PLI schemes so far

Wed, Jan 17, 2024

"Incentive amount of around Rs 4,415 crore disbursed under PLI Schemes for eight sectors including large-scale electronics manufacturing, IT hardware, bulk drugs, medical devices, pharma, telecom, food processing, and drones," Additional Secretary in the Department for Promotion of Industry and Internal Trade (DPIIT) Rajeev Singh Thakur told reporters here.

PLI schemes have brought in Rs 95,000 crore investments: Centre

PLI schemes have brought in Rs 95,000 crore investments: Centre

Tue, Dec 26, 2023

The PLI schemes launched across 14 sectors have also created employment, both direct and indirect, of over 6.4 lakh. Exports have been boosted by Rs 3.20 lakh crore. Incentives worth around Rs 2,900 crore have been disbursed in FY 2022-23, the statement added.

Exclusive: PLI schemes for auto, battery, textiles, bulk drugs, among others, to be tweaked to spur investments

Exclusive: PLI schemes for auto, battery, textiles, bulk drugs, among others, to be tweaked to spur investments

Tue, Dec 19, 2023

PLI schemes are a crucial part of Prime Minister Narendra Modi’s vision of making India a $5-trillion economy by strengthening the nation’s manufacturing sector by incentivising domestic and foreign investments.

Syrma SGS, Netweb, ITI, Dixon and Kaynes Tech rise after govt grants PLI approval

Syrma SGS, Netweb, ITI, Dixon and Kaynes Tech rise after govt grants PLI approval

Mon, Nov 20, 2023

At around 9:50 a.m., shares of Kaynes Technologies were up 0.38 per cent higher, Syrma SGS Technology Ltd shares were up over half a per cent, Netweb Technologies India and Dixon Technologies (India) shares were up over 1 per cent and ITI Ltd's stock was up over 8 per cent.

Dell, Foxconn, Neolink, Netweb, HP, among 27 firms granted approval under new IT hardware PLI scheme: Ashwini Vaishnaw

Dell, Foxconn, Neolink, Netweb, HP, among 27 firms granted approval under new IT hardware PLI scheme: Ashwini Vaishnaw

Sat, Nov 18, 2023

The government said 27 companies, including Dell, HP, and Foxconn, have been granted approval under the new production-linked incentive (PLI) scheme for IT hardware.

Dixon Technologies in focus after IT Minister appreciates strong response to PLI scheme

Dixon Technologies in focus after IT Minister appreciates strong response to PLI scheme

Thu, Aug 31, 2023

The PLI scheme was floated with the aim of bolstering the domestic manufacturing ecosystem and elevating India's position as a global supply chain partner. The scheme, first notified on May 29 this year, came with a budgetary allocation of Rs 17,000 crore.

'PLI scheme for IT Hardware has got great response..,' says IT Minister Ashwini Vaishnav

'PLI scheme for IT Hardware has got great response..,' says IT Minister Ashwini Vaishnav

Wed, Aug 30, 2023

'PLI scheme got great response...investment of ₹2430 Cr is expected,' statement of IT Minister Ashwini Vaishnav. Watch a special conversation with Ashwini Vaishnav

Centre Extends Auto PLI scheme for 1 year

Centre Extends Auto PLI scheme for 1 year

Wed, Aug 30, 2023

Auto PLI scheme extended for 1 year, incentive will be given every quarter instead of annually. Watch an exclusive interview with Dr. Mahendra Nath Pandey, Minister of Heavy Industries

Govt extends PLI scheme for automotive sector by 1 year until FY28: Heavy Industries Minister Dr Mahendra Nath Pandey

Govt extends PLI scheme for automotive sector by 1 year until FY28: Heavy Industries Minister Dr Mahendra Nath Pandey

Tue, Aug 29, 2023

The extension would mean that the five-year scheme, which was originally scheduled between 2022-23 and 2026-27, will now be active until 2027-28.

Disbursement under PLI scheme will be about Rs 13,000 crore this year: DPIIT secretary

Disbursement under PLI scheme will be about Rs 13,000 crore this year: DPIIT secretary

Fri, Aug 11, 2023

The government is trying to sort out issues such as the timely processing of claims, visa-related matters where vendors require Chinese professionals' expertise, and delays in getting environmental clearances that have been raised by the stakeholders of production-linked incentive (PLI) schemes.

Construction and equipment manufacturers seek production linked incentive scheme for industry

Construction and equipment manufacturers seek production linked incentive scheme for industry

Sun, Aug 06, 2023

"The move (PLI Scheme) has given a push to these industries. Our industry requests the government for a PLI scheme for our industry. We play a critical role in capital intensive industries like setting up steel plants, construction and infrastructure, roads and highways, mining etc," Dimitrov Krishnan, President of industry body ICEMA, said.

Central government approves Rs 17,000 crore PLI scheme 2.0 for IT hardware

Central government approves Rs 17,000 crore PLI scheme 2.0 for IT hardware

Wed, May 17, 2023

Under the PLI scheme, the expected incremental production is Rs. 3.35 lakh crore and the expected incremental investment is Rs. 2,430 crore. It is expected that under the scheme, there will be employment opportunities for nearly 75,000 individuals.

Govt to form ESG taskforce, finalise contours of PLI scheme for country's textile sector: Piyush Goyal

Govt to form ESG taskforce, finalise contours of PLI scheme for country's textile sector: Piyush Goyal

Sat, Apr 22, 2023

The ESG taskforce which will look at environmental, social and governance issues in the textile sector as credibility is becoming more and more important and exporters shared that they were getting twice the value for the same product if it is a sustainable product.

Investment target under mobile PLI scheme increases to Rs 5,124 crore: MoS IT Rajeev Chandrasekhar

Investment target under mobile PLI scheme increases to Rs 5,124 crore: MoS IT Rajeev Chandrasekhar

Wed, Mar 29, 2023

Minister of State for Electronics and IT Rajeev Chandrasekhar in a written submission to the Lok Sabha shared that the cumulative investment target for the entire scheme period is Rs 7,000 crore.

Tata Power, Indosol among 11 companies to get solar cell manufacturing approval under PLI scheme

Tata Power, Indosol among 11 companies to get solar cell manufacturing approval under PLI scheme

Tue, Mar 28, 2023

PLI Scheme: Tata Power, Indosol, and First Solar are among 11 companies in the second tranche of the production-linked incentive scheme (PLI) to bag capacity of 39,600 MG of domestic Solar PV module manufacturing capacity

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