Govt launches updated PLI for speciality steel after disappointing response to previous scheme
3 days, 10 hours ago

Govt launches updated PLI for speciality steel after disappointing response to previous scheme

Live Mint  

New Delhi: Applications were opened on Monday for a new version of an existing production linked incentive scheme to encourage domestic manufacture of speciality steel. The scheme parameters are based on inputs from the industry and funds for supporting it would come from balance remaining in PLI 1.0 of about ₹4,000 crore,” steel secretary Sandeep Pondrik said. Accordingly, the newer PLI scheme has a reduced investment threshold for CRGO steel from ₹5,000 crore to ₹3,000 crore while the capacity limit has also been scaled down from 200,000 tonnes to 50,000 tonnes. The government closed the PLI 1.0 window early in 2023 as applications for just about ₹2,300 crore incentives out of the budgeted ₹6,322 crore were received since the launch of the scheme in 2021, while local production of specialty steel did not take off as expected.

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History of this topic

PLI expansion on hold as government prioritises existing schemes amid disbursement challenges
1 month, 2 weeks 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 …

Govt to Consider Reintroducing PLI Scheme for Specialty Steel
2 months, 1 week ago

Govt to Consider Reintroducing PLI Scheme for Specialty Steel

Live Mint  

The government is considering approving a ₹4,000-crore production linked incentive (PLI) scheme for specialty steel next month to boost the domestic production of the alloy and curb imports. The approval from the empowered group of secretaries (EGoS) will pave the way for the launch of the second phase of the incentive scheme (PLI 2.0). The scheme is expected to offer …

Budget 2024: PLI scheme may get big boost, these sectors in focus
5 months, 2 weeks 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 …

Govt. reopens PLI scheme for white goods till October 12
6 months 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
6 months 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 …

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 …

PLI For Specialty Steel: Govt Gets 79 Applications From 35 Companies, Signs MoU With 27 Firms
1 year, 9 months ago

PLI For Specialty Steel: Govt Gets 79 Applications From 35 Companies, Signs MoU With 27 Firms

News 18  

The application window for financial incentives under the PLI Scheme for Specialty Steel was closed in September 2022 and the government received 79 applications from 35 companies, out of which MoU were signed with 27 selected companies covering 57 applications, said Union Minister Faggan Singh Kulaste. Companies participating in the PLI scheme have committed to an investment of ₹ 29,530 …

Specialty steel | Govt again extends deadline to apply for PLI scheme till July 31
2 years, 6 months ago

Specialty steel | Govt again extends deadline to apply for PLI scheme till July 31

The Hindu  

The government has extended for the fourth time the deadline to submit applications under the production-linked incentive scheme for specialty steel till July 31, 2022. Initially, March 29 was the last date for manufacturers to apply for the benefits under the PLI scheme for speciality steel. According to a Steel Ministry notification dated June 29, ".the undersigned is directed to …

Govt Receives 10 Applications for PLI Scheme for Specialty Steel; Mulls to Extend Last Date Again
2 years, 7 months ago

Govt Receives 10 Applications for PLI Scheme for Specialty Steel; Mulls to Extend Last Date Again

News 18  

The government’s ambitious PLI scheme for specialty steel has received just 10 applications, even as the last date to submit interest under the scheme was extended twice, after certain concerns were raised by steel makers. The last date to submit applications under the PLI Scheme for specialty steel is expected to be extended again for the third time, a senior …

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. …

Govt to Soon Launch Detailed Scheme to Offer PLI to Automotive and Component Manufacturers
3 years, 10 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 …

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 …

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 …

Cabinet approves PLI scheme for telecom sector
3 years, 10 months ago

Cabinet approves PLI scheme for telecom sector

The Hindu  

The Union Cabinet on Wednesday approved the production-linked incentive scheme for the telecom sector with an outlay of ₹12,195 crore over five years. The scheme, which aims to make India a global hub for manufacturing telecom equipment, is expected to lead to an incremental production of about ₹2.4 lakh crore, with exports of about ₹2 lakh crore over five years …

Expenditure Finance Committee Approves PLI Scheme on ACs & LEDs, Draft Cabinet Note Sent to Commerce Min
3 years, 11 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 …

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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