Budget Watch: From toys to footwear, new PLI schemes knocking on the door
5 months, 4 weeks ago

Budget Watch: From toys to footwear, new PLI schemes knocking on the door

Business Standard  

During pre-Budget discussions with Finance Minister Nirmala Sitharaman, industry groups called for the introduction of new schemes | Photo: Shutterstock.com The upcoming Union Budget is likely to introduce production-linked incentive schemes for additional categories such as toys, footwear, textiles, and millet-based foods, responding to demands from the industry and several government departments. In the Interim Budget in February, the Department for Promotion of Industry and Internal Trade proposed an allocation of Rs 3,489 crore for a PLI scheme on toys and Rs 2,600 crore for leather and footwear. The Confederation of Indian Industry recommended an employment-linked incentive scheme for sectors with high growth potential and significant labour requirements, including toys, textiles and apparel, tourism, logistics, and small retail. Allocation The forthcoming scheme, once announced and initiated, will not require additional fund approvals, as the Centre had already earmarked Rs 1.97 trillion for the 14 PLI schemes three years ago.

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History of this topic

PLI expansion on hold as government prioritises existing schemes amid disbursement challenges
4 weeks, 1 day ago

PLI expansion on hold as government prioritises existing schemes amid disbursement challenges

Live Mint  

New Delhi: India's production sops programme which powered a ₹13 trillion manufacturing boom may not add any more sectors soon in the wake of slowing disbursements, two people aware of the matter said. Textiles companies making apparel out of manmade fiber must invest a minimum of ₹300 crore and achieve sales of at least ₹600 crore in FY25. While the …

PLI disbursement negligible in FY25
1 month ago

PLI disbursement negligible in FY25

New Indian Express  

NEW DELHI: The disbursal of payments under the Production-linked Incentive Scheme has been negligible in the current financial year, and the government is clueless about the reasons why companies are not claiming the benefits. Till last financial year, the government had paid nearly Rs 10,000 crore, and this year the disbursement has been less than Rs 1,000 crore. The same …

Budget 2024: PLI scheme may get big boost, these sectors in focus
5 months ago

Budget 2024: PLI scheme may get big boost, these sectors in focus

India Today  

Finance Minister Nirmala Sitharaman is set to present the full budget of the 'Modi 3.0' government, with the production-linked incentive scheme expected to be a major focus, with sources suggesting a revamp to include more sectors, particularly those that generate employment. Read Full Budget 2024 Coverage The total PLI incentive in FY23 was Rs 2,002 crore, with revised estimates for …

Budget 2024: Will mobile phones become cheaper in India? | Here's what we know
5 months, 1 week ago

Budget 2024: Will mobile phones become cheaper in India? | Here's what we know

India TV News  

Budget 2024: There are high expectations regarding a potential reduction in the price of mobile phones in the upcoming budget. Last year, the central government reduced import taxes on key components, such as camera lenses, to promote mobile phone manufacturing in India. Govt likely to re-implement PLI scheme According to the report, the new NDA government is expected to re-implement …

Govt. reopens PLI scheme for white goods till October 12
5 months, 2 weeks ago

Govt. reopens PLI scheme for white goods till October 12

The Hindu  

The Government has reopened the application window for the Production linked Incentive scheme for white goods from July 15 to October 12, citing industry appetite to invest more in the scheme originally launched in 2021. The Commerce and Industry Ministry said the fresh window was an “outcome of the growing market and confidence generated due to manufacturing of key components …

Centre reopens application window for White Goods under the PLI scheme
5 months, 2 weeks ago

Centre reopens application window for White Goods under the PLI scheme

Live Mint  

New Delhi: Manufacturers are being invited to make investments under the production linked incentive scheme for white goods—specifically air conditioners and LED lights—under an extended window, the Centre said on Monday. “The application window for the PLI Scheme for White Goods is being reopened based on the appetite of the industry to invest more under the scheme, which is an …

India plans to expand production-linked incentives for small textile firms: minister
5 months, 4 weeks ago

India plans to expand production-linked incentives for small textile firms: minister

Hindustan Times  

By Manoj Kumar India plans to expand production-linked incentives for small textile firms: minister NEW DELHI - India plans to expand production linked incentives to small textile firms soon, part of efforts to increase garment exports to $50 billion by 2030, the federal textile minister said on Tuesday. The government introduced incentives for the textile sector in 2021, and has …

Interim Budget 2024: Six key areas to look out for
10 months, 4 weeks ago

Interim Budget 2024: Six key areas to look out for

Live Mint  

Union Finance Minister Nirmala Sitharaman will present the interim Budget on February 1. Take a look at six key areas that could get the maximum weightage in the government's interim budget, 1) The government may make the National Pension System more attractive by extending tax concessions on contributions and withdrawals, especially for senior citizens above 75 years, PTI reported. 3) …

Budget 2024: Govt to focus on Make in India initiative to boost manufacturing
11 months ago

Budget 2024: Govt to focus on Make in India initiative to boost manufacturing

India TV News  

To incentivise the manufacturing sector and generate employment, the government may extend the scope of the Production-Linked Incentive scheme in the upcoming budget. Zameer Malik, CEO of Kulsum's Kaya Kalp, said that the government is expected to continue prioritizing capital expenditure, particularly in the infrastructure sector, to drive economic growth. Gurmit Singh Arora, president of the Indian Plumbing Association, said …

PLI schemes attracted Rs 1.03 lakh crore investment said center
11 months ago

PLI schemes attracted Rs 1.03 lakh crore investment said center

Deccan Chronicle  

New Delhi: The government on Wednesday said that production-linked incentive or PLI schemes witnessed over Rs 1.03 lakh crore of investment till November 2023, which led to production and sales of Rs 8.61 lakh crore as well. As per the statement issued by the commerce ministry, in such schemes, it also saw an employment generation, both direct and indirect, of …

Will Budget 2024 expand PLI schemes to attract investments?
11 months, 1 week ago

Will Budget 2024 expand PLI schemes to attract investments?

Live Mint  

Budget 2024: While the PLI scheme aims to incentivise domestic value addition and exports, there have been calls for localization requirements around sourcing components to prevent misuse. The budget should clarify efficient sunset clauses, seamless dispute resolution mechanisms, and clear eligibility criteria linking incentives to production milestones rather than mandating strict local sourcing levels initially. Gurmit Singh Arora, National Prеsidеnt, …

Cabinet approves ₹17,000 crore PLI scheme for IT hardware
1 year, 7 months ago

Cabinet approves ₹17,000 crore PLI scheme for IT hardware

Hindustan Times  

The Union Cabinet on Wednesday approved the second phase of the Production Linked Incentive or PLI scheme for IT hardware, in order to accelerate domestic manufacturing of hi-tech electronics, building on efforts that catapulted India to become the second-largest mobile phone manufacturer in the world. “This scheme will boost employment, strengthen our eco-system for innovation and lead to greater investments.” …

Govt. more than doubles outlay on PLI for IT hardware to ₹17,000 crore
1 year, 7 months ago

Govt. more than doubles outlay on PLI for IT hardware to ₹17,000 crore

The Hindu  

The Union Cabinet on Wednesday approved an updated Production Linked Incentive scheme for IT hardware manufacturing, with the total budgetary outlay increased to ₹17,000 crore, Minister of Electronics and Information Technology Ashwini Vaishnaw announced. “This year it crossed a major benchmark in production – $105 billion.” India crossed $11 billion in mobile phone exports, and was now the second-largest mobile …

Around ₹30cr disbursed by government under drone PLI scheme: Official
1 year, 8 months ago

Around ₹30cr disbursed by government under drone PLI scheme: Official

Hindustan Times  

The government has disbursed around ₹30 crore during fiscal year 2022-23 under the Production Linked Incentive Scheme for 12 drone manufacturers and 11 drone component manufacturers, a government official confirmed to HT. “The eligibility norm for Ministry of Micro, Small and Medium Enterprises and startups is at nominal levels and the coverage of the scheme also includes developers of drone-related …

Govt focussing on production of high value pharmaceuticals: Mansukh Mandaviya
1 year, 10 months ago

Govt focussing on production of high value pharmaceuticals: Mansukh Mandaviya

The Hindu  

The government is taking steps to produce "high value pharmaceuticals" in the country to reduce import dependency for such critical articles, Union Minister Mansukh Mandaviya said on Tuesday. "Working on the vision of reducing import dependency through indigenous production, the government is focussing on production of high value pharmaceuticals and high-end medical devices," he said. Mr. Mandaviya said the Department …

Budget 2023 Expectations: These Sectors Likely To Get PLI Scheme Benefits
1 year, 11 months ago

Budget 2023 Expectations: These Sectors Likely To Get PLI Scheme Benefits

News 18  

Budget 2023: The government is likely to extend fiscal incentives for the production of toys, bicycles and leather and footwear in the forthcoming budget as it looks to expand production linked incentive scheme to cover more high-employment potential sectors. A proposal to extend PLI scheme benefits to different sectors such as toys and leather is at advanced stages of finalisation …

Union Budget 2023: Govt likely to announce PLI scheme for more sectors to cover high-employment fields
1 year, 11 months ago

Union Budget 2023: Govt likely to announce PLI scheme for more sectors to cover high-employment fields

India TV News  

Budget 2023: In an attempt to expand Production Linked Incentive scheme to cover more high-employment potential sectors, the Union government is likely to extend fiscal incentives for the production of toys, bicycles and leather and footwear in the forthcoming budget. A proposal to extend PLI scheme benefits to different sectors such as toys and leather are at advanced stages of …

Budget 2023: Local manufacturing likely to get huge boost amid global economic slowdown
1 year, 11 months ago

Budget 2023: Local manufacturing likely to get huge boost amid global economic slowdown

India Today  

The central government is working on a crucial plan to boost India’s GDP growth in FY24 to tackle the impact of the global economic slowdown that is likely to get worse. PLI allocation and incentive boost likely High-impact manufacturing sectors like electronics and IT hardware could get a significant top up in allocation under the PLI scheme, as per people …

India will spend ₹3,500 crore on toys to outplay China
2 years ago

India will spend ₹3,500 crore on toys to outplay China

Live Mint  

The Union government is planning a ₹3,500 crore production-linked incentive scheme for toys that comply with Bureau of Indian Standards norms, an official said. Following this, several steps were taken, including issuing a quality control order and imposing higher customs duty on toys to prevent unsafe toys from entering the country. A number of industries are seeking PLI schemes, but …

Civil Aviation Min Notifies Operational Guidelines for Drone PLI Scheme
2 years ago

Civil Aviation Min Notifies Operational Guidelines for Drone PLI Scheme

News 18  

The civil aviation ministry has notified the operational guidelines for the Production Linked Incentive scheme for drones and drone components. The total PLI per manufacturer is capped at Rs 30 crore which is 25 per cent of the total financial outlay of Rs 120 crore. Indian MSMEs and startups manufacturing drones and having annual sales turnover of Rs 2 crore …

Civil aviation ministry outlines operational guidelines for PLI scheme for drones and drone components
2 years ago

Civil aviation ministry outlines operational guidelines for PLI scheme for drones and drone components

India TV News  

PLI scheme: The civil aviation ministry has outlined the operational guidelines for the Production Linked Incentive scheme for drones and drone components. According to reports, the PLI scheme is to be implemented during the 2022-23 to 2024-25 period for which the central government has granted an outlay of Rs 120 crore. According to the ministry's notification, Indian MSMEs and startups …

Government approves 42 companies for telecom products under PLI scheme; details here
2 years, 1 month ago

Government approves 42 companies for telecom products under PLI scheme; details here

Firstpost  

According to the Ministry of Communication, the investment is likely to generate additional sales of Rs 2.45 trillion. The Ministry of Communication has granted approval to 42 companies including Nokia, Samsung, Flextronics, Ericsson’s partner Jabil, Tejas Networks, HFCL, and VVDN, under the production linked incentive scheme for telecom and networking products. The Union Budget had announced a design-led PLI scheme …

Govt Clears Proposals Worth Rs 86,824 Crore for Electronics Manufacturing In India
2 years, 5 months ago

Govt Clears Proposals Worth Rs 86,824 Crore for Electronics Manufacturing In India

News 18  

New Delhi, Jun 27: The electronics and IT ministry has approved a total of 314 applications with proposed investments of Rs 86,824 crore under a modified special incentive package scheme till May 31, 2022, an official note said. The proposals that were approved in May included an investment of Rs 596 crore from Bosch Automotive Electronics Private Limited, the official …

Govt. approves 61 projects under PLI Scheme for textiles: Secretary Singh
2 years, 8 months ago

Govt. approves 61 projects under PLI Scheme for textiles: Secretary Singh

The Hindu  

As many has 61 applications, for projects involving total investment of ₹ 19,077 crore, have been approved under the Production Linked Incentive Scheme for textiles, Secretary of the Union Ministry of Textiles U.P. Of the projects approved so far, 13 applications were made with a minimum investment commitment of ₹300 crore each and 48, minimum investment of ₹100 crore each. …

Indian Govt Invites Drone Industry To Apply For Rs 120 Crore PLI Scheme
2 years, 9 months ago

Indian Govt Invites Drone Industry To Apply For Rs 120 Crore PLI Scheme

News 18  

The Indian government is now looking for active participation from the country’s drone industry and wants companies to apply for its special production linked incentive or PLI scheme that was announced in September last year. The scheme is giving drone companies a chance to get a total incentive of Rs 120 crore which is covered over the period of three …

Budget 2022: Will Nirmala Sitharaman provide much-needed booster dose to economy?
2 years, 10 months ago

Budget 2022: Will Nirmala Sitharaman provide much-needed booster dose to economy?

Firstpost  

As India battles the prevailing third wave of the pandemic and its resultant strain on the economy, India Inc. expects the agenda for Union Budget 2022 to be dictated by measures to boost economic recovery and growth. More PLI schemes announcement likely The government’s vision of ambitious economic growth through an ‘Atmanirbhar Bharat’ needed a radical policy and Production Linked …

Modi govt's big boost for auto sector: Rs 26,000 crore PLI scheme approved; to create 7.5 lakh jobs
3 years, 3 months ago

Modi govt's big boost for auto sector: Rs 26,000 crore PLI scheme approved; to create 7.5 lakh jobs

India TV News  

The Union Cabinet on Wednesday approved a Rs 26,058 crore production linked incentive scheme for auto, auto-components and drone industries to enhance India's manufacturing capabilities. It is estimated that over a period of five years, the PLI scheme for the automobile and auto components industry will lead to fresh investment of over Rs 42,500 crore, incremental production of over Rs …

Textile industry looks at ₹3000 crore additional investment in TN
3 years, 3 months ago

Textile industry looks at ₹3000 crore additional investment in TN

The Hindu  

The textile and clothing industry in Tamil Nadu hopes to attract ₹3000 crore additional investment in man-made fibre and technical textile segments with several schemes announced by the Central and State governments. Sundararaman, chairman of the Indian Technical Textile Association and vice-chairman of Southern India Mills’ Association, said the Production Linked Incentive Scheme approved on Wednesday by the Union government …

Cabinet approves ₹10,683 crore incentive scheme for textile sector
3 years, 3 months ago

Cabinet approves ₹10,683 crore incentive scheme for textile sector

The Hindu  

The Central government on September 8 approved production-linked incentive for the textile sector with a budgetary outlay of ₹10,683 crore. According to an official statement, the incentive structure for the textile sector is designed to encourage investment in fresh capacities in MMF apparel, MMF fabrics, and 10 segments or products of technical textiles. In type one, any person, willing to …

Nirmala Sitharaman announcements: "PLI scheme for electronics manufacturing extended till 2025-26"
3 years, 5 months ago

Nirmala Sitharaman announcements: "PLI scheme for electronics manufacturing extended till 2025-26"

The Hindu  

Union Finance Minister Nirmala Sitharaman is announcing relief measures to boost health infrastructure and exports among others. The total financial implication of this free visa scheme would be Rs 100 crore. Emergency Credit Line Guarantee Scheme An additional Rs 1.5 lakh crore has been granted under the Emergency Credit Line Guarantee Scheme, which was announced last year. Rs 50,000 crore …

PLI scheme for telecom: DoT issues guidelines, caps expenditure on R&D
3 years, 6 months ago

PLI scheme for telecom: DoT issues guidelines, caps expenditure on R&D

Business Standard  

PLI scheme for telecom: DoT issues guidelines, caps expenditure on R&D If a company invests Rs 100 crore, it can account for Rs 5 crore as technology transfer and Rs 15 crore as R&D expenditure. Premium The threshold investment is a key element that determines the financial incentive that a company will be eligible for under the scheme. Surajeet Das …

Mobile Phone Manufacturers Invested Rs 1,300 Cr Under PLI Scheme in Q4 2020: Govt
3 years, 8 months ago

Mobile Phone Manufacturers Invested Rs 1,300 Cr Under PLI Scheme in Q4 2020: Govt

News 18  

Mobile manufacturers shortlisted under a production linked incentive scheme invested Rs 1,300 crore and produced goods worth around Rs 35,000 crore in the 2020 December quarter, the ministry of commerce and industries said on Wednesday. The Production Linked Incentive Scheme for large scale electronics manufacturing was notified on April 1, 2020, under which there will be an incentive of 4 …

Govt approves PLI scheme for air-conditioners, LED lights
3 years, 8 months ago

Govt approves PLI scheme for air-conditioners, LED lights

Hindustan Times  

The government on Wednesday approved a production-linked incentive scheme for air-conditioner and LED light sectors with an outlay of ₹6,238 crore. The PLI scheme for white goods will extend an incentive of 4-6% on incremental sales of goods manufactured in India for a period of five years to companies engaged in manufacturing of ACs and LED lights, the government announced …

PLI scheme likely to boost India's manufacturing output by $520 billion in 5 years: PM Modi
3 years, 9 months ago

PLI scheme likely to boost India's manufacturing output by $520 billion in 5 years: PM Modi

The Hindu  

Prime Minister Narendra Modi on Friday said production linked incentive scheme, which is aimed at boosting domestic manufacturing and exports, is expected to increase the country's production by $520 billion in the next five years. In this year's Budget, about ₹2 lakh crore was earmarked for the PLI scheme for the next five years and "there is an expectation that …

Govt to Soon Launch Detailed Scheme to Offer PLI to Automotive and Component Manufacturers
3 years, 9 months ago

Govt to Soon Launch Detailed Scheme to Offer PLI to Automotive and Component Manufacturers

News 18  

The government will soon come out with detailed scheme to offer production linked incentive to automobile and auto components industry that will lay the roadmap and raise India’s bar as a global manufacturing hub. Under the Automotive Champion scheme, a company would qualify for PLI only if has a revenue of Rs 1000 crore from overseas operations, Rs 10,000 crore …

Govt Clears Production-linked Incentive Scheme to Boost Manufacturing of Laptops, Tablets and PCs
3 years, 9 months ago

Govt Clears Production-linked Incentive Scheme to Boost Manufacturing of Laptops, Tablets and PCs

News 18  

The government on Wednesday approved a production-linked incentive scheme for laptops, tablets, all-in-one PCs and servers, as it looked to woo global players to tap India’s manufacturing capabilities. The approval of PLI scheme for these hi-tech IT hardware gadgets comes after the Cabinet last week cleared a Rs 12,195 crore scheme for telecom equipment manufacturing. Briefing reporters after a meeting …

How PLI scheme is boosting Indian manufacturing
3 years, 10 months ago

How PLI scheme is boosting Indian manufacturing

Live Mint  

The production-linked incentive scheme is a central government scheme that seeks to make India an efficient, equitable and resilient manufacturing hub, on the lines of Prime Minister Narendra Modi’s call for a self-reliant India. The scheme aims to make India self-reliant in manufacturing goods for local and export markets, positioning it as a global manufacturing hub. The production-linked incentive scheme …

Modi cabinet approves Production Linked Incentive Scheme for Telecom sector worth over Rs 12,000 crore
3 years, 10 months ago

Modi cabinet approves Production Linked Incentive Scheme for Telecom sector worth over Rs 12,000 crore

India TV News  

The government on Wednesday approved a Rs 12,195 crore production-linked incentive scheme for telecom gear manufacturing in India, a move that will position the nation as a global powerhouse for production of such equipment ahead of 5G roll-outs. The scheme is expected to bring investment of over Rs 3,000 crore and generate huge direct and indirect employment and taxes both, …

Centre approves Rs 12,000-cr PLI scheme for telecom sector; manufacturing to get major push
3 years, 10 months ago

Centre approves Rs 12,000-cr PLI scheme for telecom sector; manufacturing to get major push

Firstpost  

Union minister Ravi Shankar Prasad said the Centre is positioning India as a global powerhouse for manufacturing, and has created a conducive environment for ease of doing business New Delhi: The Cabinet has approved production-linked incentive scheme worth Rs 12,195 crore for telecom equipment manufacturing, Union minister Ravi Shankar Prasad said on Wednesday. Briefing reporters after a meeting of the …

Govt Approves Over Rs 12,000 Crore Manufacturing Push for Telecom Equipment
3 years, 10 months ago

Govt Approves Over Rs 12,000 Crore Manufacturing Push for Telecom Equipment

News 18  

The government on Wednesday approved a 12,195 crore production-linked incentive scheme for telecom gear manufacturing in India, a move that will position the nation as a global powerhouse for production of such equipment ahead of 5G roll-outs. The scheme is expected to bring investment of over Rs 3,000 crore and generate huge direct and indirect employment and taxes both, an …

Expenditure Finance Committee Approves PLI Scheme on ACs & LEDs, Draft Cabinet Note Sent to Commerce Min
3 years, 10 months ago

Expenditure Finance Committee Approves PLI Scheme on ACs & LEDs, Draft Cabinet Note Sent to Commerce Min

News 18  

The Department for Promotion of Industry and Internal on Friday said that the Finance Expenditure Committee has approved the PLI scheme on air-conditioners and LEDs and that the draft cabinet note has been sent to the Commerce Minister for his consideration. In November, the Union Cabinet had approved Rs 6,238 crore outlay for these two sectors, air conditioners and LED …

Budget unveils scheme for setting up mega textile parks in India
3 years, 10 months ago

Budget unveils scheme for setting up mega textile parks in India

India TV News  

The government on Monday unveiled a scheme for setting up mega textile parks in the country, as part of the Centre's efforts to position India as a fully integrated, globally competitive manufacturing and exporting hub for the sector. "A scheme of mega investment textile parks will be launched in addition to the PLI scheme," Sitharaman said. She informed that 7 …

Govt may announce formulation of policy for toys sector in Budget 2021
3 years, 10 months ago

Govt may announce formulation of policy for toys sector in Budget 2021

India TV News  

The government may in the Budget next week announce the formulation of a dedicated policy for the toys sector to boost domestic manufacturing, sources said. It has come out with a quality control order for the sector and had also increased import duty last year on toys. A source said that the country has a low share in the international …

Make In India: Rs 5000 Crore PLI Push For Technology Product Manufacturing In India Includes Laptops
4 years, 1 month ago

Make In India: Rs 5000 Crore PLI Push For Technology Product Manufacturing In India Includes Laptops

News 18  

The government of India has further widened the scope of the Production-Linked Incentive Scheme to boost manufacturing in India. The PLI scheme for the electronics and technology products has an approved outlay of Rs 5000 crore for a five-year period. The PLI scheme will boost the production of electronic products in India,” says the official press statement confirming the cabinet …

Centre unveils PLI to encourage domestic manufacturing in 10 more sectors
4 years, 1 month ago

Centre unveils PLI to encourage domestic manufacturing in 10 more sectors

The Hindu  

The government on Wednesday unveiled a production-linked incentive scheme to encourage domestic manufacturing investments in ten more sectors, with an estimated outlay of about ₹1.46 lakh crore over the next five years. The ten sectors, which Finance Minister Nirmala Sitharaman said had been identified on the basis of their potential to create jobs and make India self-reliant, include food processing, …

Cabinet Approves PLI Scheme Worth About Rs 2 Lakh Crore, Says FM Nirmala Sitharaman
4 years, 1 month ago

Cabinet Approves PLI Scheme Worth About Rs 2 Lakh Crore, Says FM Nirmala Sitharaman

News 18  

The government on Wednesday approved a Production-Linked Incentive scheme for ten key sectors, including telecom, automobiles and pharmaceuticals, taking the total outlay for such incentives to nearly Rs 2 lakh crore over a five-year period. The five-year PLI scheme, which aims at making Indian manufacturers' competitive globally, was approved by the Union Cabinet, Information and Broadcasting Minister Prakash Javadekar told …

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