Industry seeks 6% production linked incentive for electronics manufacturing
4 years, 8 months ago

Industry seeks 6% production linked incentive for electronics manufacturing

Live Mint  

NEW DELHI: The Manufacturers Association of Information Technology has sought a 6% production linked incentive for all electronics categories to “attract the migrating ships of manufacturing leaving China to India’s shores”. The body asked for the electronics sector to be categorised as a priority sector, with a “Central National Policy, including land clearances, labour laws, taxation, licenses, incentives” to be put in place. In a statement to the press, George Pal, CEO of MAIT, said, “This is very critical if India is not to tie the hands of its people and industry when restarting the economy.” The industry wants the government to take “a phased approach”, allowing retail to open in semi-urban areas, towns and through e-commerce in metro areas. “Enterprise ICT sector catering to Data Centers and Control Rooms can be opened up fully as it has limited public interface and will not compromise the fight against covid,” Pal said.

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History of this topic

PLI schemes to boost revenue of 720 companies by $459 billion over next 5 years: Goldman Sachs
6 days, 7 hours ago

PLI schemes to boost revenue of 720 companies by $459 billion over next 5 years: Goldman Sachs

Live Mint  

According to a Goldman Sachs report, the central government's Production-Linked Incentive schemes have the potential to generate an additional $459 billion in revenue over the next 5-6 years, benefiting more than 720 companies. In the energy transition sector, the report highlighted that three projects focused on Advanced Chemistry Cell batteries are expected to generate USD 24.7 billion in revenue, supported …

India's smartphone exports crossed Rs 20K crore mark in November, jumped almost 100% in a year
3 weeks, 3 days ago

India's smartphone exports crossed Rs 20K crore mark in November, jumped almost 100% in a year

Firstpost  

India’s smartphone PLI scheme has been a game-changer, transforming the sector from the country’s 23rd-ranked export in 2019 to the third-largest individual commodity export today Apple emerged as the frontrunner in November, with exports worth Rs 14,000 crore, the highest ever for the company in India. Image Credit: Reuters India’s smartphone exports have reached an unprecedented milestone, crossing the Rs …

Govt mulling $3 billion incentives package for electronics R&D, products
4 weeks ago

Govt mulling $3 billion incentives package for electronics R&D, products

Live Mint  

The Centre is working on a $3 billion package for the electronics industry to encourage private sector research and development and create leading brands, two people aware of the development said. The second official said the Centre is considering these incentives “to build a domestic electronics market that local fabs can supply to, which, in turn, will attract bigger global …

Government to offer USD 500 crore incentive to further localise smartphone production
1 month, 2 weeks ago

Government to offer USD 500 crore incentive to further localise smartphone production

India TV News  

India is planning to offer significant financial incentives, up to USD 500 crore, to encourage companies to produce parts locally for a variety of electronic devices, including mobile phones and laptops. Over the past six years, India’s production of electronics has more than doubled, reaching approximately USD 11,500 crore in 2024. India has set an ambitious goal to increase its …

India unveils $5 billion plan to strengthen domestic electronics component production
1 month, 2 weeks ago

India unveils $5 billion plan to strengthen domestic electronics component production

Live Mint  

India is set to roll out incentives worth up to $5 billion to local electronics firms to manufacture components for devices ranging from smartphones to laptops, according to government officials. However, the industry remains heavily dependent on imported components, particularly from China and Hong Kong, which account for over half of India's $89.8 billion electronics imports in the fiscal year …

India’s PLI Auto scheme sees modest start with ₹500 crore claims in FY24, industry anticipates surge by FY26
1 month, 3 weeks 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, 2 weeks 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 …

Budget 2024: Will mobile phones become cheaper in India? | Here's what we know
5 months, 3 weeks 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 …

Telecom equipment manufacturing sales cross Rs 50,000 crore: PLI booster
5 months, 4 weeks ago

Telecom equipment manufacturing sales cross Rs 50,000 crore: PLI booster

India TV News  

The telecom equipment manufacturing sales have crossed Rs 50,000 crore under the production-linked incentive scheme, by creating more than 17,800 direct jobs and many more indirect jobs. The statement was stated by the government on Wednesday, where it stated that within three years of the telecom PLI scheme, it has attracted an investment of Rs 3,400 crore. Furthermore, telecom equipment …

Apple shows the way for electronics exports
8 months, 3 weeks ago

Apple shows the way for electronics exports

Hindustan Times  

At $10 billion in FY24, exports of India-assembled iPhones have doubled from the previous fiscal. While the iPhone instance is evidence of policies such as the PLI for smartphones working, India must do more to convince the world that it has the makings of a preferred China+1 destination for electronics exports. At present, the world may seem more inclined towards …

Apple Ecosystem Generated More Than 1.5 Lakh Jobs, Under PLI, Since 2021, In India: Report
9 months, 1 week ago

Apple Ecosystem Generated More Than 1.5 Lakh Jobs, Under PLI, Since 2021, In India: Report

ABP News  

Since the introduction of the government's production-linked incentive scheme for smartphones in August 2021, the Apple ecosystem has directly provided employment to more than 150,000 individuals, said a new report by The Economic Times on Monday. Moreover, the rapidly expanding Apple supplier ecosystem has led to the creation of over 70,000 new direct jobs. This comes days after Union Minister …

Every big chip player to re-work investment plan for India: Minister Vaishnaw
10 months ago

Every big chip player to re-work investment plan for India: Minister Vaishnaw

The Hindu  

India has set its sights on becoming a formidable force in global semiconductor equation, rivalling known destinations like Taiwan and South Korea in next 5 years, Union Minister Ashwini Vaishnaw has said asserting that if and when mindset of global players has changed to an eagerness to invest in the country. This means, practically every big player would now like …

‘Domestic value addition in electronics manufacturing can reach 30% soon’
10 months, 1 week ago

‘Domestic value addition in electronics manufacturing can reach 30% soon’

Live Mint  

New Delhi: Domestic electronics manufacturing is likely to see a ramp up of local value addition, in terms of components being made locally—instead of only the final product being assembled here. “It’s important to understand that even China’s domestic value addition in manufacturing is around 45%, because even China imports nearly all of its semiconductors for mobile manufacturing. On Monday, …

Interim Budget 2024: Here's how government can boost domestic manufacturing
11 months, 1 week ago

Interim Budget 2024: Here's how government can boost domestic manufacturing

India Today  

The countdown to the Interim Budget 2024-25 has begun, and leaders from various sectors are voicing their hopes and expectations, particularly centered around strengthening domestic manufacturing. Ashok Rajpal, Managing Director of Ambrane India, highlighted the positive impact of Production-Linked Incentive schemes and manufacturing incentives on the consumer electronics industry. “The PLI schemes and various manufacturing incentives have already proven instrumental …

PLI schemes attracted Rs 1.03 lakh crore investment said center
11 months, 3 weeks 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 never give company-specific incentives in EV sector, govt. official on Tesla's demand
1 year, 1 month ago

Will never give company-specific incentives in EV sector, govt. official on Tesla's demand

The Hindu  

India will never provide company or enterprise-specific incentives in the electric vehicle sector, a top government official said on Friday, amid a push from American electric carmaker Tesla for special sops to set up its factory in the country. The official added that inter-Ministerial discussions have happened on the customs duty concession demand of the U.S.-based electric car maker Tesla, …

PLI scheme led to 500,000 jobs in mobile phone manufacturing industry: Vaishnaw
1 year, 1 month ago

PLI scheme led to 500,000 jobs in mobile phone manufacturing industry: Vaishnaw

Hindustan Times  

The production-linked incentive scheme has led to the creation of 500,000 jobs in the mobile phone manufacturing industry, Union communications, electronics, and information technology minister Ashwini Vaishnaw has said. “Of all the mobile phones used in India, 99.2% are made in India,” he said as he visited Dixon Technologies’ manufacturing facility in Noida on Thursday. Dixon’s executive chairman Sunil Vachani …

Boost for Make in India: GoI approves subsidies for Foxconn, Lenovo, other hardware firms under PLI scheme
1 year, 1 month ago

Boost for Make in India: GoI approves subsidies for Foxconn, Lenovo, other hardware firms under PLI scheme

Firstpost  

The new subsidies will directly create at least 50,000 jobs and indirectly, about 150,000 more jobs. The approved companies include Dell, HP, and Asus In a strategic move to enhance domestic manufacturing and position itself as a key player in the global electronics supply chain, India has sanctioned subsidies for some of the world’s leading tech hardware companies. Four companies …

Chip off the block: The Hindu Editorial on semiconductor fabrication in India
1 year, 1 month ago

Chip off the block: The Hindu Editorial on semiconductor fabrication in India

The Hindu  

As funds for production-linked incentives for manufacturing semiconductors lie under-utilised by upwards of 80%, the Union government must be far clearer on what it has achieved — and aims to accomplish — by continuing to spend crores of rupees on bringing more semiconductor fabrication capabilities to India. But the central wager with these schemes, at much cost to the exchequer, …

‘80% funds allocated for semiconductor manufacturing scheme remain unused’
1 year, 2 months ago

‘80% funds allocated for semiconductor manufacturing scheme remain unused’

The Hindu  

About $8 billion of the $10 billion allocated by the Union government for the production of semiconductors under the production-linked incentive scheme remains untapped, a top Industry Ministry official said on Tuesday. Urging Korean investors, who have invested $5.6 billion in India since April 2000, to use the semiconductor PLI along with upcoming opportunities for investments in battery storage solutions, …

Over 30 companies may qualify for IT hardware PLI scheme: Report
1 year, 3 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 …

Thirty-two firms express interest in IT hardware PLI: Minister
1 year, 4 months ago

Thirty-two firms express interest in IT hardware PLI: Minister

The Hindu  

Thirty-two firms have expressed interest in the Ministry of Electronics and Information Technology’s subsidies for local laptop, PC, server and tablet assembly, IT Minister Ashwini Vaishnaw said on Wednesday. Under the Production Linked Incentive scheme for IT hardware, the Union Government will provide a 5% incentive to brands on fresh local production of these IT products to give firms a …

Mobile manufacturing exceeds 2 billion units through 'Make in India' initiative: Report
1 year, 4 months ago

Mobile manufacturing exceeds 2 billion units through 'Make in India' initiative: Report

India TV News  

'Make in India' mobile phone shipments crossed the 2-billion cumulative units mark during 2014-2022, registering a 23 per cent Compound annual growth rate, the latest research showed on Monday. "Local value addition in India currently stands at an average of more than 15 per cent, compared to the low single digits eight years ago," he informed. "Going forward, we may …

India’s Laptop Import Restrictions Could Expand To Cameras And Printers
1 year, 4 months ago

India’s Laptop Import Restrictions Could Expand To Cameras And Printers

News 18  

The Indian government could bring cameras and printers to its import restriction policy in the coming months. Earlier this month, the government announced import restrictions on laptops and tablets but new reports suggest that more items could be added to the list, posing further issues for manufacturers who get their products imported from other markets. Bringing camera and printer brands …

Indian government announces restrictions on the import of laptops, PC and more gadgets: Details
1 year, 5 months ago

Indian government announces restrictions on the import of laptops, PC and more gadgets: Details

India TV News  

The Indian government announced restrictions on the import of laptops, personal computers, and other electronic items. The India Cellular and Electronics Association expressed confidence that valid licenses will be provided to trusted industry partners to facilitate ease of doing business. Mr Pankaj Mohindroo, Chairman of, India Cellular and Electronics Association said, “This policy announcement seems to be based on the …

Micron Investment Fuels Modi Govt's Semiconductor Ambition. What Are The Obstacles Ahead
1 year, 6 months ago

Micron Investment Fuels Modi Govt's Semiconductor Ambition. What Are The Obstacles Ahead

ABP News  

New Delhi: Micron Technology's announcement regarding the establishment of a cutting-edge semiconductor assembly, testing, and packaging plant in Sanand, Gujarat, has reignited fresh hope for India's aspirations to become a global semiconductor supply chain hub. "Semiconductor manufacturing involves various stages and each of these stages may involve a completely different category of vendor," says Kanishka Chauhan, Senior Principal Analyst at …

Our PLI schemes are in need of a coherent trade policy
1 year, 6 months ago

Our PLI schemes are in need of a coherent trade policy

Live Mint  

The recent spat between former Reserve Bank of India governor Raghuram Rajan and electronics and information technology minister Ashwini Vaishnaw over the former’s criticism of the production-linked incentive scheme for semiconductors and other manufacturing sectors is part of an ongoing debate on India’s manufacturing policies. Indeed, India’s attempts at kick-starting large-scale ICT manufacturing ignores the uncomfortable realities of GVCs, which …

'Raghuram Rajan used false figures to...': Union Minister
1 year, 6 months ago

'Raghuram Rajan used false figures to...': Union Minister

India TV News  

Union Minister of State for Electronics and IT, Rajeev Chandrasekhar, on Thursday hit out at former Reserve Bank of India Governor Raghuram Rajan for raising concerns over the government's performance-linked incentive scheme, saying that he used false figures, questionable analysis, and advice of unidentified "industry experts" for his research paper. The imports linked to mobile phone manufacturing are merely $22 …

Apple Likely To Shift 18 Per Cent Of iPhone Production In India By FY25: Bank Of America
1 year, 6 months ago

Apple Likely To Shift 18 Per Cent Of iPhone Production In India By FY25: Bank Of America

ABP News  

US tech giant Apple may shift over 18 per cent of its global production of iPhones to India by 2024-25 on the back of the government’s production-linked incentive scheme for mobile phones, Bank of America said in a report. India's share in global iPhone production in FY23 stood at 7 per cent. According to the BoFA report the Rs 38,000-crore …

Do production-linked incentives for manufacturing work?
1 year, 7 months ago

Do production-linked incentives for manufacturing work?

The Hindu  

In a recent note, former Reserve Bank of India Governor Raghuram Rajan questioned the success of the production-linked incentive scheme in boosting India’s domestic manufacturing and exports. Arun Kumar and Nagesh Kumar discuss the question in a conversation moderated by Prashanth Perumal J. Edited excerpts: What do you think of the policy of subsidising certain domestic sectors and, on the …

From mobile phones to chips, India manufacturing enters golden era
1 year, 7 months ago

From mobile phones to chips, India manufacturing enters golden era

India TV News  

In 2018, South Korean giant Samsung inaugurated the world's largest mobile factory in India. The 35-acre facility at Sector 81 in Noida, Uttar Pradesh, saw Prime Minister Narendra Modi and South Korean President Moon Jae-in officially inaugurating it together -- placing the country firmly on the global manufacturing map. Vedanta and Foxconn signed a Memorandum of Understanding with the Gujarat …

Govt makes renewed push to boost hardware manufacturing
1 year, 7 months ago

Govt makes renewed push to boost hardware manufacturing

Live Mint  

New Delhi : The Union cabinet on Wednesday approved a six-year production-linked incentive scheme for IT hardware, including laptops, tablets, personal computers, servers and edge computing devices, with an outlay of ₹17,000 crore. Telecom minister Ashwini Vaishnaw said the scheme would attract top hardware companies such as HP, Dell and Apple to India. “We’re confident that the changes made in …

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 …

Cabinet clears ₹17,000 cr-IT Hardware PLI Scheme 2.0
1 year, 7 months ago

Cabinet clears ₹17,000 cr-IT Hardware PLI Scheme 2.0

The Hindu  

The Cabinet, chaired by Prime Minister Narendra Modi, on May 17 approved the Production Linked Incentive Scheme 2.0 for IT Hardware with a budgetary outlay of ₹17,000 crore. PLI Scheme 2.0 for IT hardware covers laptops, tablets, all-in-one PCs, servers and ultra-small form factor devices. The government in February 2021 approved the PLI scheme for IT hardware, covering the production …

India’s semiconductor market to reach $55 billion by 2026: Deloitte
1 year, 10 months ago

India’s semiconductor market to reach $55 billion by 2026: Deloitte

The Hindu  

The Indian semiconductor market is to reach $55 billion by 2026 with more than 60% of the market being driven by three industries: smartphones and wearables, automotive components, and computing and data storage, according to a report by Deloitte. Despite strong global headwinds on the economic front, India is expected to emerge as a major player in the 5G revolution, …

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 …

India-US Semiconductor Groups Join Hands to Strengthen Chip Ecosystem Ahead of Budget Presentation
1 year, 11 months ago

India-US Semiconductor Groups Join Hands to Strengthen Chip Ecosystem Ahead of Budget Presentation

News 18  

The India Electronics and Semiconductor Association and the US Semiconductor Industry Association have announced plans to develop a private-sector task force to strengthen collaboration between both countries in the global semiconductor ecosystem, just ahead of Finance Minister Nirmala Sitharaman presenting the Union Budget 2023. These are developing a “readiness assessment” regarding the semiconductor ecosystem in India; assembling industry, government, and …

Union Budget 2023-24: Consumer Electronics sector expects proposals to bolster its growth
1 year, 11 months ago

Union Budget 2023-24: Consumer Electronics sector expects proposals to bolster its growth

Firstpost  

It would also be very helpful to the sector if the government provides incentives for the domestic design and manufacture of electronics Around 62 per cent of industry leaders were optimistic about India’s growth prospects in 2023, according to a recent survey by Deloitte. Outlook for electronics sector In recent years, there has been a lot of discussion around India …

Apple Using India For Cell Phone Assembly Is No Proof That PLI Is Working: Former RBI Governor Raghuram Rajan
1 year, 11 months ago

Apple Using India For Cell Phone Assembly Is No Proof That PLI Is Working: Former RBI Governor Raghuram Rajan

ABP News  

Former Reserve Bank of India Governor Raghuram Rajan has questioned the sustainabilty of the Centre's production-linked incentive scheme. Rajan in a LinkedIn post said that Apple using India for cell phone assembly is no proof that PLI is working. Rajan said, "The 20 per cent tariff on mobile phone imports before PLI started may be reason enough for Apple to …

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 …

New PLI scheme for IT server, hardware to offer more sops for IP designed in India
1 year, 11 months ago

New PLI scheme for IT server, hardware to offer more sops for IP designed in India

The Hindu  

India will soon be launching a production linked incentive scheme for IT server and hardware manufacturing with one of its facets being to encourage use of IP generated in the country. “One of the things in the PLI scheme is we will create additional incentives for manufacturers or OEMs that incorporate IP designed in India into their systems and products,” …

Chinese Smartphone Makers Talking To Domestic Contract Manufacturers With PLI Nod
2 years ago

Chinese Smartphone Makers Talking To Domestic Contract Manufacturers With PLI Nod

ABP News  

Chinese handset makers such as Oppo, Xiaomi and Transsion are in talks with domestic smartphone makers like Lava Internationa, Dixon Technologies and Bhagwati, among others, in a bid to leverage the Production Linked Incentive scheme approved status of the Indian manufacturers, the media has reported. Don't miss: 2022: The Year When iPhone Manufacturing In India Got A Major Push Homegrown …

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

Indian Govt Wants Apple To Make iPads And MacBook In The Country, Plans PLI Boost For Production
2 years ago

Indian Govt Wants Apple To Make iPads And MacBook In The Country, Plans PLI Boost For Production

News 18  

The Indian government wants Apple to manufacture iPads and MacBooks in the country, for which it is reportedly mulling an increase in the outlay for production-linked-incentive or PLI that goes into IT hardware manufacturing. As per sources quoted in a TOI report this week, the government has seen the potential of Apple’s production layout thanks to the wide base iPhone …

Centre clears PLI incentive for Padget Electronics, Foxconn India
2 years ago

Centre clears PLI incentive for Padget Electronics, Foxconn India

Firstpost  

Foxconn India was the first global firm which got approved under the mobile phone-making segment The Empowered Committee has issued incentives to Padget Electronics and Foxconn India. An incentive of Rs 58.29 crore has been provided to Padget Electronics and Rs 357.17 crore to Foxconn India. Foxconn India is going to receive the incentive under mobile manufacturing for the period …

Civil Aviation Min Notifies Operational Guidelines for Drone PLI Scheme
2 years, 1 month 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, 1 month 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 …

Govt approves Nokia, Samsung, 40 others under PLI scheme for telecom products
2 years, 2 months 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 …

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