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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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Govt signs pact with 26 companies under PLI scheme for specialty steel

Govt signs pact with 26 companies under PLI scheme for specialty steel

Thu, Feb 16, 2023

The Union Cabinet in July 2021 approved a Rs 6,322-crore PLI scheme to boost the production of speciality steel in India.

In Budget 2023, Finance Minister May Announce To Increase The Scope Of PLI Scheme

In Budget 2023, Finance Minister May Announce To Increase The Scope Of PLI Scheme

Wed, Jan 18, 2023

In Budget 2023, Finance Minister may announce to increase the scope of PLI Scheme. 20-25% additional allocation is possible for PLI scheme. Know the complete information on the news from Ambarish Pandey.

Year Ender 2022: More initiatives on anvil to boost steel sector in 2023

Year Ender 2022: More initiatives on anvil to boost steel sector in 2023

Sat, Dec 24, 2022

India produced 113.43 million tonne of crude steel in January-November 2022, which is 10 per cent higher compared to the year-ago period. The government aims to double the country's annual crude steel making capacity to 300 MT from 150 MT at present.

PLI scheme qualifiers, Steel Ministry to ink pacts to materialise investment proposals

PLI scheme qualifiers, Steel Ministry to ink pacts to materialise investment proposals

Tue, Dec 13, 2022

On Friday, the government announced selection of 67 entries with an investment potential of Rs 42,500 crore under the scheme. The proposed investments are expected to generate 70,000 job opportunities and add 26 million tonnes of speciality steel capacity in the country.

Aiming Rs 3,000 crore top line in FY23 amid inflationary headwinds: thyssenkrupp Industries India

Aiming Rs 3,000 crore top line in FY23 amid inflationary headwinds: thyssenkrupp Industries India

Sun, Dec 04, 2022

"We expect to end the year with a turnover of around Rs 3,000 crore in the current fiscal, a 20 per cent increase over last year. Inflation has impacted costs by 8-10 per cent affecting margin," thyssenkrupp Industries Managing Director and CEO Vivek Bhatia said.

Govt working to extend Rs 3,500-crore PLI benefits to BIS-compliant toys

Govt working to extend Rs 3,500-crore PLI benefits to BIS-compliant toys

Sun, Dec 04, 2022

The official said that the measures announced by the government for the toys industry like introduction of quality control orders and increasing customs duties from 20 per cent to 60 per cent has helped in cutting down sub-standard imports and promoting domestic manufacturing in the country.

5G rollout to be faster in India, gears from neighbouring countries need more checks: Nokia India executive

5G rollout to be faster in India, gears from neighbouring countries need more checks: Nokia India executive

Sun, Nov 27, 2022

Nokia India Head of Marketing and Corporate Affairs, Amit Marwah, without naming China expressed concern over 'infiltration equipment' in telecom sector from neighbouring countries.

PLI Scheme: Rajesh Exports (REL) forms 100% subsidiary ACC Energy Storage

PLI Scheme: Rajesh Exports (REL) forms 100% subsidiary ACC Energy Storage

Wed, Nov 09, 2022

REL has informed that would also be initiating further steps to emerge as a leading global player in the Energy Storage Sector and to meet the requirements under the PLI Scheme.

Centre looking at PLI 2.0 for textiles to make it globally competitive, says Union minister Piyush Goyal

Centre looking at PLI 2.0 for textiles to make it globally competitive, says Union minister Piyush Goyal

Tue, Nov 01, 2022

The review meeting under the chairmanship of the minister was attended by representative of 49 companies and key dignitaries of the textile ministry.

Festive sales bring cheers to industry, hike in DA & Productivity-Linked Bonus act as catalyst – know what experts say

Festive sales bring cheers to industry, hike in DA & Productivity-Linked Bonus act as catalyst – know what experts say

Sun, Oct 16, 2022

Encouraged by early signs, traders' body CAIT expects an "infusion of about Rs 2.5 lakh crore in the markets by way of shopping and sale of goods and usage of service" during Diwali festive season.

Govt considering proposals for extending Rs 35,000 cr production linked incentive scheme to more sectors

Govt considering proposals for extending Rs 35,000 cr production linked incentive scheme to more sectors

Sun, Oct 16, 2022

The proposals are at discussion stage. Inter-ministerial talks are going on to extend PLI benefits to all these different sectors as there has been demand from industry and certain departments, the official said.

Zee Biz Exclusive: PLI Scheme Meeting Tomorrow To Review PLI Of 13 Sectors

Zee Biz Exclusive: PLI Scheme Meeting Tomorrow To Review PLI Of 13 Sectors

Thu, Sep 29, 2022

Cabinet Secretary convenes meeting tomorrow to review PLI of 13 sectors. Also the first installment of PLI for Drone will be given soon. The names of companies for PLI of steel will also be announced soon. Know full details from Tarun Sharma.

Renewable Energy's Second PLI Scheme Got Approval From Cabinet

Renewable Energy's Second PLI Scheme Got Approval From Cabinet

Wed, Sep 21, 2022

A provision of Rs 19500 crore has been made under the Solar PV Module PLI scheme. Along with this, three windows of auction have also been made. However, only 50 percent of the bid will be able to be taken from the PLI. The new PLI scheme will also be applicable for Brownfield Unit.

Exclusive: These Big Announcements Expected In Today's Cabinet Meeting On Investment & Semiconductor

Exclusive: These Big Announcements Expected In Today's Cabinet Meeting On Investment & Semiconductor

Wed, Sep 21, 2022

Two big announcements to be made in Cabinet Meeting today. Announcements will be made to promote Investments. Semiconductor will make fabrication policy more attractive. Solar PV module's second PLI scheme will be announced. Know full news from Swati Khandelwal.

Production linked incentive to be extended to more sectors: Piyush Goyal

Production linked incentive to be extended to more sectors: Piyush Goyal

Wed, Sep 21, 2022

Talking about his recent visit to Saudi Arabia, the minister said there is huge potential to increase cooperation in areas like fintech, education, infrastructure, renewable energy, e-commerce, e-gaming and health.

Government receives 75 applications under Production-Linked Incentive scheme for specialty steel

Government receives 75 applications under Production-Linked Incentive scheme for specialty steel

Sun, Sep 18, 2022

Applicants include all major steel players like Tata Steel, JSW Steel, JSPL, AMNS India and SAIL, a senior steel ministry official said.

Discussion underway to extend PLI scheme to more sectors: Govt official

Discussion underway to extend PLI scheme to more sectors: Govt official

Mon, Sep 12, 2022

The objective of the scheme is to make domestic manufacturing globally competitive, create global champions in manufacturing, boost exports and create jobs.

NITI Aayog led high-level panel approves 32 beneficiaries under PLI for large-scale electronics manufacturing

NITI Aayog led high-level panel approves 32 beneficiaries under PLI for large-scale electronics manufacturing

Sat, Sep 10, 2022

The Aayog claimed that the scheme is expected to bring in additional production to the tune of Rs 10,69,432 crore and generate employment for 7,00,000 people.

What Are The Government Plans For Textile Industry? Watch Details In This Video

What Are The Government Plans For Textile Industry? Watch Details In This Video

Wed, Jul 06, 2022

Why is the government worried about the textile sector? What is the government's big plan for textile? When will the second PLI scheme for the textile sector come? Know full details from Arman Nahar.

15 White Goods Firms Selected Under Second Round Of PLI Scheme

15 White Goods Firms Selected Under Second Round Of PLI Scheme

Tue, Jun 28, 2022

15 companies selected under Phase II of PLI Scheme for White Goods (AC & LED Lights) with a Committed Investment of Rs 1,368 Crore. Watch Ambarish Pandey's exclusive conversation with Anil Agrawal, Additional Secretary, DPIIT.

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