News Muncher - category pli

1 week ago

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

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 …

India Samsung Electronics Smartphone Exports Crore Sector

1 week, 3 days ago

Dixon Technologies stock hits record high, soars 200% since February in bullish streak

Live Mint

Extending their winning streak for the fourth consecutive trading session on December 13, shares of Dixon Technologies surged by another 2%, crossing the ₹18,000 mark for the first time and hitting a fresh record high of ₹18,034 per share. The IT hardware business is expected to be a significant growth driver, as the top four global brands are in a …

India Growth Manufacturing Pli Dixon Pat Ems

2 weeks ago

Centre to promote millet based products; Allocates Rs.800 Cr

Deccan Chronicle

New Delhi: To promote the use of millets in food products and encourage value addition, the Central government launched the production linked incentive scheme for millet-based products for the period FY 2022-2023 to FY 2026-2027, with an outlay of Rs.800 crore. To qualify for incentives, companies selected under the scheme must achieve a minimum year-on-year sales growth of 10 per …

Products Scheme Pli Millet Millet Based Products

2 weeks, 2 days ago

Pre-Budget meet: MSME stakeholders seek tech upgrade, PLI benefits, cut in GST

Live Mint

New Delhi, Dec 7 Stakeholders from the micro, small and medium enterprises sought a reduction in GST, technology upgrade, and production-linked incentive scheme benefits for various segments in a pre-Budget meeting with Finance Minister Nirmala Sitharaman on Saturday. The All-India Plastics Manufacturers' Association; All India Manufacturers' Association; Gujarat Chamber of Small Industries Association; Federation of Associations of Cottage and Small …

India Manufacturers Association Sought Technology

2 weeks, 2 days ago

Building on the revival of the manufacturing sector

The Hindu

India’s journey to becoming a global manufacturing hub has gained momentum with the government’s strategic policy initiatives, particularly the Production Linked Incentive scheme. The results of the ASI 2022-23 show a healthy double-digit expansion in the growth rate of manufacturing sector output — at 21.5% — despite a high base of 2021-22 which saw a sharp rebound as the economy …

India Growth Manufacturing Value Sector Scheme Pli

3 weeks, 2 days ago

Time for India to ring fence its chip talent from Chinese poaching

Firstpost

Though India’s strengths in the sector are nowhere near that of China’s, the Chinese objective will be to surround India and simply shove it out of any serious heft in global semiconductor supply chains One of Sun Tzu’s finest dicta is that “the supreme art of war is to subdue the enemy without fighting”. India’s planned revival of the SCL …

India China Japan Intellectual Property Supply Indian Industrial

3 weeks, 5 days ago

India-made iPhones breach $10 billion milestone, reveals IT Minister Ashwini Vaishnaw

Firstpost

The PLI scheme continues to play a pivotal role in attracting global tech giants like Apple to India, bolstering the country’s position as a key player in the global electronics manufacturing ecosystem Apple’s expansion in India shows no signs of slowing down. Image Credit: Firstpost | Mehul Reuben Das India’s iPhone production has hit a remarkable milestone, surpassing $10 billion …

India Manufacturing Crore Billion Cent Vaishnaw Pli

4 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 …

India Manufacturing Indian Companies Crore Sectors Smaller Companies

1 month ago

Bulk drug makers to benefit from price stability but need to improve efficiency to compete with Chinese rivals: Experts

Live Mint

Mumbai: Softening prices of active pharmaceutical ingredients are likely to stabilise in the months ahead and bring relief to Indian manufacturers, but they will still have to improve their operational efficiency to compete against Chinese rivals, industry executives and analysts said. API prices have been falling for the past 12-15 months, driven mainly by sharp price cuts by Chinese companies, …

India China Drugs Indian Prices Price Pharma

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 …

Pli Disbursement

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 …

India Industry Companies Claims Incentives Scheme More Time

1 month, 2 weeks ago

Tata Motors sees Q2 profit fall on weak JLR, domestic auto sales, keeps near-term outlook cautious

Live Mint

Tata Motors reported a drop in consolidated net profit in the second quarter of FY25, dragged down by weaker sales across its luxury car arm Jaguar Land Rover and domestic commercial and passenger vehicle businesses. On PLI, Balaji told Mint, “We are expecting that by Q3 we should have the first funds being released, which are rightfully due to us …

Vehicle Quarter Pli Tata Balaji Tata Motors Motors

1 month, 3 weeks 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 …

Government Law Economy Steel New Delhi

2 months, 3 weeks ago

Don’t flout rules in new incentive scheme, Kumaraswamy urges automakers

Live Mint

New Delhi: Union minister of heavy industries H D Kumaraswamy said on Tuesday that vehicle manufacturers flouted rules under the ministry's previous production-linked incentive schemes and urged them to follow the rules of the new scheme, especially those around localisation. Speaking at the launch of the PM E-drive scheme in New Delhi, Kumaraswamy said the new scheme would remedy many …

Fame Rules Electric Scheme Schemes Pmp Manufacturers

3 months ago

Will a new incentives package help India's drone industry lift off?

Live Mint

New Delhi: India’s nascent drone ecosystem is set to receive a ₹3,000-crore booster shot, with the Centre planning a new production-linked incentive scheme for the industry, three people aware of the development said on condition of anonymity. “The incentives plan that’s being discussed includes ₹1,000 crore in PLI support for each of three verticals—drone R&D, testing and component infrastructure, and …

India China Development Industry Drone Incentives Drone Industry

3 months, 1 week ago

AI, IT solutions in healthcare are welcome, but more core med-tech innovations necessary, say experts

The Hindu

In the first week of September, the number of dengue cases this year crossed the 25,000 mark in Karnataka, setting the record of the highest ever. The government must step up and support research institutions to develop new medications,” Dr. Nagesh said, while speaking as part of a panel discussion where several experts pointed to the importance of technology in …

Technology India Healthcare Bengaluru Karnataka Research Medical

4 months, 4 weeks ago

Chidambaram stings Modi govt on Budget, says ‘copying rewarded in this house’

Hindustan Times

Senior Congress leader and former finance minister P Chidambaram on Wednesday expressed mixed reactions to the newly proposed Employment-Linked Incentive scheme even as he took a swipe at the government for copying his party's poll manifesto. Union Budget 2024: Top 5 takeaways for salaried persons, job seekers Questioning the government's strategy, Chidambaram expressed scepticism about the Production-Linked Incentive scheme's impact …

Finance India Inflation Budget Congress House Minister

5 months ago

Industry Leaders React to FM Nirmala Sitharaman's Budget 2024

Deccan Chronicle

Hyderabad: Finance Minister Nirmala Sitharaman presented her 7th Budget. The government's commitment to infrastructure development is evident and pivotal for achieving long-term economic growth and prosperity.” Meenu Singhal- Socomec Regional MD, Socomec Greater India “Today’s budget announcement marks a pivotal moment for India with funding focus on 9 priorities including Productivity and resilience in Agriculture, Employment & Skilling, Human Resource …

Education Finance India Healthcare Support Growth Development

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 Sectors Pli Schemes

5 months ago

Economic Survey 2023-24: Link skill development with production-linked, job-linked sops in high-growth areas

The Hindu

With only 4.4% of India's young workforce formally skilled, linking skill development with production Linked Incentive and employment-linked incentive schemes in high-growth potential sectors like toy, apparel, tourism, logistics and textiles would aid upgrading of skills as production moves up the value chain, the Economic Survey said on July 22. The Survey for 2023-24 tabled in the Parliament stated, "in …

India Skill Development Survey Pli Link Skill Economic Survey

5 months ago

Economic Survey 2023-24: 14% of global iPhones made in India in FY24, country's electronics export rank up

The Hindu

US smartphone major Apple assembled 14% of global iPhones in India in FY24 and the country's ranking in global electronics export improved by four positions, Economic Survey 2023-24 said on July 22. "Apple assembled $14 billion worth of iPhones in India during FY'24, constituting 14% of its global iPhone production," the Economic Survey said citing third-party data. The survey recorded …

Global India Manufacturing Electronics Exports Export Pli

5 months ago

Economic Survey 2023-24: India’s success in exports and reducing Chinese imports

The Hindu

The government's steps such as mandatory quality norms and increase in customs duties have significantly helped the domestic toy players to boost exports and reduce dependence on Chinese imports, Economic Survey said on July 22. "India's import bill for toys from China dropped from USD 214 million in FY'13 to USD 41.6 million in FY'24, leading to a decline in …

India China Defence Economic Toys Exports Imports

5 months ago

Budget 2024 Expectations Highlights: Will Govt Bring Changes In Old and New Tax Regimes?

News 18

Union Budget 2024 LIVE: Will FM Will Give Affordable Housing Initiatives? home buyers.” Budget 2024 Expectations Live Updates: Demand For Innovation In Renewable Technologies Anmol Singh Jaggi, Chairman and Managing Director, Gensol Engineering, said; “As India’s energy demand rises, boosting the share of renewables is crucial for energy security and sustainability, the upcoming union budget is expected to focus on …

India Energy Tax Medical Devices Economic Growth Manufacturing Renewable Energy

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 …

India Mobile Phones Scheme Pli Budget 2024

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Articles for Pli

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

Dixon Technologies stock hits record high, soars 200% since February in bullish streak

Centre to promote millet based products; Allocates Rs.800 Cr

Pre-Budget meet: MSME stakeholders seek tech upgrade, PLI benefits, cut in GST

Building on the revival of the manufacturing sector

Time for India to ring fence its chip talent from Chinese poaching

India-made iPhones breach $10 billion milestone, reveals IT Minister Ashwini Vaishnaw

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

Bulk drug makers to benefit from price stability but need to improve efficiency to compete with Chinese rivals: Experts

PLI disbursement negligible in FY25

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

Tata Motors sees Q2 profit fall on weak JLR, domestic auto sales, keeps near-term outlook cautious

Govt to Consider Reintroducing PLI Scheme for Specialty Steel

Don’t flout rules in new incentive scheme, Kumaraswamy urges automakers

Will a new incentives package help India's drone industry lift off?

AI, IT solutions in healthcare are welcome, but more core med-tech innovations necessary, say experts

Chidambaram stings Modi govt on Budget, says ‘copying rewarded in this house’

Industry Leaders React to FM Nirmala Sitharaman's Budget 2024

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

Economic Survey 2023-24: Link skill development with production-linked, job-linked sops in high-growth areas

Economic Survey 2023-24: 14% of global iPhones made in India in FY24, country's electronics export rank up

Economic Survey 2023-24: India’s success in exports and reducing Chinese imports

Budget 2024 Expectations Highlights: Will Govt Bring Changes In Old and New Tax Regimes?

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