To Boost Domestic Production, Govt OKs Rs 6,238 Crore PLI Scheme for Air-conditioners, LED Lights
3 years, 8 months ago

To Boost Domestic Production, Govt OKs Rs 6,238 Crore PLI Scheme for Air-conditioners, LED Lights

News 18  

The government on Wednesday approved a production linked incentive scheme for white goods – Air Conditioners and LED Lights – with a budgetary outlay of Rs 6,238 crore. “The PLI scheme for white goods shall extend an incentive of 4 per cent to 6 per cent on incremental sales of goods manufactured in India for a period of five years to companies engaged in manufacturing of Air Conditioners and LED Lights,” an official statement said. It is estimated that over five years, the scheme will lead to an incremental investment of Rs 7,920 crore, incremental production worth Rs 1,68,000 crore, exports worth Rs 64,400 crore, earn direct and indirect revenues of Rs 49,300 crore and create additional four lakh direct and indirect employment opportunities. Goyal said that the scheme would help in increasing value addition from 25 per cent to 75 per cent in the AC segment and 40-45 per cent in LED lights.

India Crore Cent Five Years Scheme Led Lights Domestic Manufacturing Rs Led  scheme  production  crore  lights  govt  domestic  manufacturing  incremental  global  cent  pli  goods  india  rs  led  oks

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 …

India’s PLI Auto scheme sees modest start with ₹500 crore claims in FY24, industry anticipates surge by FY26
1 month, 1 week ago

India’s PLI Auto scheme sees modest start with ₹500 crore claims in FY24, industry anticipates surge by FY26

Live Mint  

The first wave of claims for India's automobile production incentives scheme barely touched ₹500 crore, an amount that may grow exponentially in the years ahead as the electric revolution unfolds and more products secure certification. The PLI scheme, which covers both automakers and component makers, was designed to stimulate production in advanced automotive and EV sectors by providing financial incentives …

Local telecom manufacturing set to boost entry-level jobs: Minister
4 months ago

Local telecom manufacturing set to boost entry-level jobs: Minister

India TV News  

The push for local telecom manufacturing, bolstered by the production-linked incentive scheme, is expected to generate more entry-level job opportunities and contribute to the development of skilled manpower, according to the Centre. In a recent meeting with original equipment manufacturers in the telecom sector, Union Minister of Communications Jyotiraditya Scindia emphasized that this initiative aligns with Prime Minister Narendra Modi’s …

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 …

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 …

Over 30 companies may qualify for IT hardware PLI scheme: Report
1 year, 2 months ago

Over 30 companies may qualify for IT hardware PLI scheme: Report

Live Mint  

Over 30 companies are expected to qualify for ₹17,000 crore production linked incentive scheme for IT hardware manufacturing, said a report by news agency PTI citing a government official. Among the domestic companies, Padget, VVDN, Netweb, Syrma, Optiemus, Sahasra, Neolync, Panache, Sojo, and Kaynes Technologies had applied for the PLI scheme. In the first year of the PLI scheme almost …

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 …

Full update on India’s massive PLI boost to manufacturing
1 year, 7 months ago

Full update on India’s massive PLI boost to manufacturing

Live Mint  

When the product-linked incentive scheme was first launched in 2021, the government aimed at investing ₹1,970 billion, creating 60 lakh jobs and producing goods worth ₹30 trillion in the span of five years. Since the PLI scheme was first introduced in 2020, Dixon Technologies has received five approvals for manufacturing mobile, telecom & networking products, IT hardware, air conditioners, and …

Kishan says centre investing ₹2 lakh crore on PLI schemes
1 year, 9 months ago

Kishan says centre investing ₹2 lakh crore on PLI schemes

Deccan Chronicle  

Visakhapatnam: Union tourism minister G. Kishan Reddy said the Centre is implementing Production Linked Incentive schemes worth ₹2 lakh crore in 14 key sectors as part of Atmanirbhar Bharat, which would create 60 lakh jobs. Jagan Mohan Reddy, the Union minister underlined that PLI schemes are available to sectors like mobile manufacturing, electronics, food products, pharmaceuticals, medical devices, batteries, automobiles …

Production Linked Incentive Scheme: How does it aim to drive India’s economic growth?
1 year, 10 months ago

Production Linked Incentive Scheme: How does it aim to drive India’s economic growth?

Live Mint  

The Union Budget 2023-24 has allocated Rs 8,083 crore for various production linked incentive schemes. Production Linked Incentive Schemes in India have been gaining traction as a policy tool to promote manufacturing and spur economic growth. In India, the government introduced the Production Linked Incentive Scheme in April 2020, with the aim of promoting manufacturing activities in the country. The …

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 …

Budget 2023 | Govt May Bring Incentive Scheme To Boost Local Chip Manufacturing: Report
1 year, 11 months ago

Budget 2023 | Govt May Bring Incentive Scheme To Boost Local Chip Manufacturing: Report

ABP News  

As the world’s chip shortage problem persists, the central government is likely to incentivise local chip manufacturing. According to a report by the Economic Times, the Ministry of Electronics and IT is working on an incentive scheme, worth around Rs 10,000 crore to Rs 12,000 crore, to promote domestic manufacturing of high-end components that could go into products such as …

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 …

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 approves Nokia, Samsung, 40 others under PLI scheme for telecom products
2 years, 1 month ago

Govt approves Nokia, Samsung, 40 others under PLI scheme for telecom products

Live Mint  

New Delhi: The communications ministry granted approval to 42 companies including Nokia, Samsung, Ericsson’s partner Jabil, Flextronics, Tejas Networks, VVDN and HFCL, under the production linked incentive scheme for telecom and networking products. The Union Budget had announced a design-led PLI scheme for telecom and networking products, to create a robust domestic value chain, which provided an additional incentive of …

Production-linked incentives | Dole or incentive?
2 years, 1 month ago

Production-linked incentives | Dole or incentive?

India Today  

For over a decade, the share of manufacturing in India’s GDP has remained in the 15-17 per cent range, with various measures by the present and past governments barely helping the needle move. Targeting 14 key sectors, the scheme, with an outlay of Rs 1.97 lakh crore, aimed to create national manufacturing champions, 6 million new jobs and additional production …

Govt clears Rs 19,500-cr PLI scheme for solar PV modules
2 years, 3 months ago

Govt clears Rs 19,500-cr PLI scheme for solar PV modules

Deccan Chronicle  

New Delhi: The government on Wednesday approved a Rs 19,500-crore production linked incentive scheme for manufacturing solar photovoltaic modules in order to attract investment in the solar space in the country. Besides, the government also approved modifications in the scheme for semiconductors and display manufacturing eco-system, with uniform fiscal support of 50 per cent of project cost for all technology …

Cabinet approves second tranche of PLI scheme to boost manufacturing of solar modules
2 years, 3 months ago

Cabinet approves second tranche of PLI scheme to boost manufacturing of solar modules

Hindustan Times  

New Delhi: The Union cabinet on Wednesday approved the second tranche of the Performance Linked incentive scheme to boost manufacturing of solar photovoltaic modules in India, Union minister Anurag Thakur announced in a press briefing. With the second tranche of the PLI scheme the government is hoping that about 65GW per annum manufacturing capacity of fully and partially integrated, solar …

With ₹19,500-crore PLI plan, sun shines on solar cell units
2 years, 3 months ago

With ₹19,500-crore PLI plan, sun shines on solar cell units

The Hindu  

The Union Cabinet on Wednesday cleared a ₹19,500-crore scheme to incentivise manufacturing of domestic solar cell modules to reduce the industry’s reliance on China-made panels. Officials from the Ministry of New and Renewable Energy, the nodal body charged with administering the programme, estimate manufacturing capacity worth 65,000 MW of fully and partially integrated, solar PV modules to be installed over …

What is PLI scheme? All you need to know about its benefits
2 years, 3 months ago

What is PLI scheme? All you need to know about its benefits

Firstpost  

PLI schemes are a cornerstone of the ‘Make in India’ campaign which wants to reduce India’s dependence on exports and transform it into a global manufacturing hub The Union government has announced several production-linked incentive schemes over the years. Furthermore, in this year’s Budget speech Finance Minister Nirmala Sitharaman had announced an outlay of Rs 1.97 lakh crore for PLI …

32 companies submit applications for DLI, PLI scheme of telecom
2 years, 3 months ago

32 companies submit applications for DLI, PLI scheme of telecom

The Hindu  

As many as 32 companies have submitted applications for Design-led Incentive Scheme and Production Linked Incentive scheme of telecom, according to an official release. The Design-led Incentive scheme has received an "enthusiastic response" from telecom equipment manufacturers, it said. 17 of these 32 companies have applied as Design-led manufacturers and remaining as Production linked manufacturers," the statement said but did …

PLI scheme has potential to add 4% to India’s GDP annually, here’s why
2 years, 5 months ago

PLI scheme has potential to add 4% to India’s GDP annually, here’s why

Live Mint  

The production-linked incentives scheme which is expected to boost the manufacturing sector has the potential to 4% to GDP per annum in terms of incremental revenues. The scheme which is aimed to offering nearly ₹2.4 lakh crore incentives in key business areas over the next five years, has seen maximum response from the electronics, auto components, and pharma sectors, according …

PLI scheme has potential to add nearly 4% to GDP per annum, finds report
2 years, 5 months ago

PLI scheme has potential to add nearly 4% to GDP per annum, finds report

Firstpost  

Registration of manufacturing companies has shot up to the highest ever in the last seven years and the share of manufacturing companies in total registrations is also at almost highest level since the past decade, according to the report by Emkay Investment Mumbai: The production-linked incentives scheme, which seeks to boost manufacturing in key areas by offering nearly Rs 2.4 …

PLI Scheme for White Goods: Adani, LG, Wipro, 12 Others Selected Under Round 2
2 years, 5 months ago

PLI Scheme for White Goods: Adani, LG, Wipro, 12 Others Selected Under Round 2

News 18  

The government on Tuesday said it has selected 15 companies, including Adani Copper Tubes, LG Electronics, Mitsubishi Electronics, and Wipro, with a committed investment of Rs 1,368 crore, under the second round of production-linked incentive for white goods. As many as 19 companies, including LG Electronics and Wipro, had filed applications with a proposed investment of Rs 1,548 crore to …

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. …

Names of Companies Shortlisted For Auto Component PLI Scheme to Be Out Soon
2 years, 9 months ago

Names of Companies Shortlisted For Auto Component PLI Scheme to Be Out Soon

News 18  

The Centre will soon announce the names of the companies shortlisted for benefits under the production linked incentive scheme for the automobile and auto component sector, said sources. COMPONENT CHAMPION INCENTIVE SCHEME In December 2021, the Centre launched the PLI scheme for automobile and auto component industries, with a budgetary outlay of Rs 25,938 crore over five years to improve …

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: Creation of 60 lakh jobs next target of govt, says FM Nirmala Sitharaman
2 years, 10 months ago

Budget 2022: Creation of 60 lakh jobs next target of govt, says FM Nirmala Sitharaman

India Today  

Presenting the Union Budget 2022, Finance Minister Nirmala Sitharaman said the next target of the government is to create 60 lakh jobs. "Production Linked Incentive Scheme for achieving Aatmanirbhar Bharat has received an excellent response, with potential to create 60 lakh new jobs and additional production of 30 lakh crore during next Keycap digit five years," she said. Read: Budget …

Budget 2022 | India Inc. seek Budget sops from govt. for creating jobs
2 years, 10 months ago

Budget 2022 | India Inc. seek Budget sops from govt. for creating jobs

The Hindu  

Ahead of the Union Budget 2022-23, Indian industry has urged the government to offer incentives for creating jobs, including special sops under the Production Linked Incentive schemes already announced. The plea assumes significance amid growing concerns about high unemployment levels in the country, even as a FICCI survey of manufacturing firms showed that 75% of firms don’t plan to hire …

PLI scheme: Auto component companies hope to pare imports
3 years, 2 months ago

PLI scheme: Auto component companies hope to pare imports

Business Standard  

PLI scheme: Auto component companies hope to pare imports It would also reduce imp­orts from countries like China, Taiwan and South Korea and facilitate foreign collaborators to set up manufacturing footprint in India Premium India imported parts worth $13.8 billion in FY21 while it exported $13.3 billion worth of parts in the same year, according to Automotive Component Manufacturers Association. …

Heavy Industries Ministry notifies PLI scheme for auto sector
3 years, 2 months ago

Heavy Industries Ministry notifies PLI scheme for auto sector

The Hindu  

The Heavy Industries Ministry on September 23 notified the ₹25,938 crore production-linked incentive scheme for the auto sector, which is aimed at boosting domestic manufacturing of advanced automotive technology products and attracting investments in the manufacturing value chain. It also said the list of advanced automotive technology vehicles like Battery Electric Vehicles, Hydrogen Fuel Cell Vehicles etc will be prescribed …

Cabinet clears PLI for auto sector to spur ‘green’, high-tech
3 years, 3 months ago

Cabinet clears PLI for auto sector to spur ‘green’, high-tech

The Hindu  

The Union Cabinet on Wednesday approved a ₹26,058 crore production-linked incentive scheme to accelerate domestic manufacturing of high value advanced automotive technology vehicles as well as components and drones. “The revised focus of PLI scheme on alternative fuels, electric vehicles and utilisation of advanced technological innovation, will help the industry move faster towards the future technologies,” said TVS Motor Co. …

Cabinet approves ₹26,058 crore PLI scheme for auto, drone sectors
3 years, 3 months ago

Cabinet approves ₹26,058 crore PLI scheme for auto, drone sectors

The Hindu  

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, Union Minister Anurag Thakur said on Wednesday. The Champion OEM Incentive scheme is a ‘sales value linked’ scheme, applicable on Battery Electric Vehicles and Hydrogen Fuel Cell Vehicles of all segments, the minister said. The …

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 …

Cabinet may approve revised PLI scheme for auto sector today
3 years, 3 months ago

Cabinet may approve revised PLI scheme for auto sector today

India TV News  

The Union Cabinet is likely to approve on Wednesday the revised production-linked incentive scheme for the automobile sector, which aims at promoting domestic manufacturing and create jobs, according to sources. Last year, the government had announced the scheme for the automobile and auto components sector with an outlay of Rs 57,043 crore, earmarked for five years. Component segments that are …

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 …

Production-linked incentives: A well-designed scheme
3 years, 8 months ago

Production-linked incentives: A well-designed scheme

Live Mint  

One little-noticed scheme is bringing large manufacturing capacity to India. Lost in the news shuffle caused by the pandemic, the government’s production-linked incentive scheme, instituted in April 2020 for large-scale electronics manufacturing in India, has gained significant traction over the past year. It offers a simple and direct incentive based on incremental sales, designed to boost domestic manufacturing and attract …

Govt approves Rs 6,238 cr PLI scheme for air-conditioners, LED lights
3 years, 8 months ago

Govt approves Rs 6,238 cr PLI scheme for air-conditioners, LED lights

India TV News  

The government on Wednesday approved a production linked incentive scheme for white goods - Air Conditioners and LED Lights - with a budgetary outlay of Rs 6,238 crore. "The PLI scheme for white goods shall extend an incentive of 4 per cent to 6 per cent on incremental sales of goods manufactured in India for a period of five years …

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 …

Production-linked incentive scheme to boost India's manufacturing output by $520 billion in 5 years, says Narendra Modi
3 years, 9 months ago

Production-linked incentive scheme to boost India's manufacturing output by $520 billion in 5 years, says Narendra Modi

Firstpost  

New Delhi: 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 Rs 2 lakh crore was earmarked for the PLI scheme for the next five years and “there is an …

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 …

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