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Articles for Pli Scheme

Has the government rolled the Production-Linked Incentive scheme dice and lost?
5 days, 12 hours ago

Has the government rolled the Production-Linked Incentive scheme dice and lost?

New Indian Express  

It appears that the government's famed Production-Linked Incentive scheme is fated for the hellbox. While the department's drummers initially dubbed the scheme as a band-aid for fixing everything that has gone wrong with India's manufacturing sector, critics and the opposition were vehement right from day one and remain the scheme's ardent anti-fans even four years after its launch. Since its …

India China Manufacturing Crore Sectors Incentive Pli Scheme
India’s Telecom Manufacturing Industry Sees 26,351 New Jobs Under PLI Scheme
1 week ago

India’s Telecom Manufacturing Industry Sees 26,351 New Jobs Under PLI Scheme

ABP News  

The Production Linked Incentive scheme aimed at promoting the domestic production of telecom and networking products in India has made substantial progress as the beneficiaries have invested Rs 4,081 crore, resulting in total sales of Rs 78,672 crore, including export sales amounting to Rs 14,963 crore as of January 31, as per an official statement. Companies now have the flexibility …

India Telecom Products Scheme Pli Pli Scheme
India produces key drug ingredients under PLI scheme to cut China dependence
1 week, 5 days ago

India produces key drug ingredients under PLI scheme to cut China dependence

Live Mint  

New Delhi: Indian companies have started manufacturing two important bulk drugs or active pharmaceutical ingredients under the government's production linked incentive scheme. As per commerce ministry data, in April-December of FY25, India's exports of bulk drugs and intermediates totalled $3,520 million, while imports stood at $3,504 million, resulting in a slight trade surplus. “Production of products such as Penicillin-G with …

India Drugs Investment Indian Production Shah Crore
Ola Electric becomes first 2W EV manufacturer to bag PLI incentives
3 weeks, 2 days ago

Ola Electric becomes first 2W EV manufacturer to bag PLI incentives

The Hindu  

Ola Electric, India's largest electric vehicle company, has achieved a significant milestone by becoming the first two-wheeler automotive electric vehicle manufacturer in India to receive incentives under the Production Linked Incentive Scheme for Automotive and Auto Component. The PLI-Auto Scheme, launched by the Government of India, aims to boost domestic manufacturing in the automotive sector and promote the adoption of …

India Electric Ola Ola Electric Incentive Domestic Manufacturing Pli Scheme
Government looks to enhance PLI scheme to boost exports. Details here
3 weeks, 5 days ago

Government looks to enhance PLI scheme to boost exports. Details here

India Today  

The Indian government is looking at ways to make the Production-Linked Incentive scheme more effective by focusing on local value addition and exports, reported the Indian Express. ENHANCED FOCUS ON EXPORTS Introduced in April 2020, the PLI scheme has drawn substantial investment in 14 sectors, attracting original equipment manufacturers and contract manufacturers to scale up production. In order to minimise …

India Indian Pli Pli Scheme
Budget 2025: PLI schemes, duty overhaul and business reforms take centre stage
2 months, 1 week ago

Budget 2025: PLI schemes, duty overhaul and business reforms take centre stage

Firstpost  

Finance Minister Nirmala Sitharaman is scheduled to present the Union Budget 2025 in the Lok Sabha on 1 February 2025. The MOOWR scheme provides impetus to domestic manufacturing and offers exemption/deferment of duty applicable on capital goods and inputs at the time of import. Excluding Net Foreign Exchange considerations for them like IFSC units and enabling payment of any domestic …

Business India Budget Customs Duty Schemes Goods
Appliances industry seeks second round of PLI, tax rationalisation to boost competitiveness
2 months, 2 weeks ago

Appliances industry seeks second round of PLI, tax rationalisation to boost competitiveness

The Hindu  

The appliances and consumer electronics industry has urged the government to bring a second round of the Production-Linked Incentive scheme for high-value components like compressors and motors and rationalise taxes. It has also asked for reductions in tariffs on imports, which will help to make the products competitive in the global market, said industry body Consumer Electronics & Appliances Manufacturers …

India Second Round Pli Scheme Electronics Industry Vachani Ceama
PLI expansion on hold as government prioritises existing schemes amid disbursement challenges
4 months 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
Centre reopens application window for White Goods under the PLI scheme
8 months, 3 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 …

Investments Lights Centre Led Scheme Pli Components
Apple produces over Rs. 1 lakh crore worth of iPhones under PLI scheme: Rajeev Chandrasekhar
1 year ago

Apple produces over Rs. 1 lakh crore worth of iPhones under PLI scheme: Rajeev Chandrasekhar

India TV News  

Union Minister of State for Electronics and IT Rajeev Chandrasekhar on Friday announced that the production-linked incentive scheme is scaling new heights every day on production, exports, and jobs. He also said that Apple has produced over Rs 1 lakh crore worth of iPhones in 11 months of FY 24 under the PLI scheme. “PM @narendramodi ji's visionary PLI Scheme …

India Production Crore Scheme Iphone Pli Iphones
Rs 12,900 Crore Invested Under PLI Scheme For Domestic Steel Sector: Govt
1 year, 1 month ago

Rs 12,900 Crore Invested Under PLI Scheme For Domestic Steel Sector: Govt

ABP News  

About Rs 12,900 crore has already been invested in the domestic steel sector under the PLI scheme for specialty steel, an official statement said on Wednesday. Besides, the scheme envisaged addition of 25 MT capacity for producing specialty steel grades and generating about 17,000 employment opportunities, Ministry of Steel said in an statement. On the status of the scheme, the …

Steel Crore Pli Pli Scheme
Boost for Make in India: GoI approves subsidies for Foxconn, Lenovo, other hardware firms under PLI scheme
1 year, 4 months 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 …

India China Tech Manufacturing Indian Companies Foxconn
Will review import levy on cotton after consulting Agriculture Ministry, says Piyush Goyal
1 year, 6 months ago

Will review import levy on cotton after consulting Agriculture Ministry, says Piyush Goyal

The Hindu  

A decision on removing the import duty on cotton will be taken after holding consultations with the Agriculture Ministry, said Piyush Goyal, Union Minister for Textiles, Commerce and Industry, Consumer Affairs, Food, and Public Distribution. When asked about the textile industry’s demand for removal of the 11 % duty on cotton, the Minister told The Hindu, “We need to balance …

Goyal Textile Pli Scheme
Cabinet approves ₹17,000 crore PLI scheme for IT hardware
1 year, 10 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.” …

India Manufacturing Indian Electronics Production Hardware Crore
Cabinet clears ₹17,000 cr-IT Hardware PLI Scheme 2.0
1 year, 10 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 Mobile Phones Production Crore Cabinet Scheme Pli
Govt releases SOPs under PLI schemes for automotive sector
1 year, 11 months ago

Govt releases SOPs under PLI schemes for automotive sector

Live Mint  

New Delhi: The ministry of heavy industries on Thursday announced the release of standard operating procedures under the PLI schemes for automobile and auto components for testing agencies. The Ministry of Heavy Industries notified the Production Linked Incentive Scheme for Automobile and Auto Component Industry in India on September 23, 2021, with a budgetary outlay of ₹25,938 crores. The PLI-Auto …

India Automotive Manufacturing Auto Value Heavy Industries Tier
Will WTO ruling impact Make-in-India plans?
1 year, 11 months ago

Will WTO ruling impact Make-in-India plans?

Live Mint  

The World Trade Organization has found India’s tariffs on mobile phones and electronic components inconsistent with global norms. If its appellate tribunal now upholds the ruling, it could slow FDI flow into India’s booming electronics sector. Murali Kallummal, professor, Centre for WTO Studies, IIFT, said the panel’s ruling will therefore have no impact on the industry right now as the …

India Ruling Wto Pli Scheme
Around ₹30cr disbursed by government under drone PLI scheme: Official
1 year, 11 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 …

India Drone Scheme Pli This Scheme Pli Scheme
26 Companies Signed Under PLI Scheme For Specialty Steel: Jyotiraditya Scindia
2 years, 1 month ago

26 Companies Signed Under PLI Scheme For Specialty Steel: Jyotiraditya Scindia

ABP News  

The government has signed 26 companies under the production linked incentive for specialty steel, Union Steel Minister Jyotiraditya M Scindia said on Thursday, reported PTI. Speaking at the fourth edition of the Global Zinc Summit in New Delhi, Scindia said, “We had a PLI for speciality steel and that includes steel products with zinc. A Rs 6,322-crore PLI scheme to …

India Steel Pli Scindia Pli Scheme Specialty Specialty Steel
Budget 2023: Five Major Announcements Expected From Modi Government
2 years, 2 months ago

Budget 2023: Five Major Announcements Expected From Modi Government

ABP News  

Finance Minister Nirmala Sitharaman is set to present the annual Union Budget 2023 on February 1. Lower Income Tax Rates The central government is considering lowering rates under its voluntary income tax framework and could introduce revised slabs in the forthcoming Union Budget, Reported Reuters on January 20, citing two government sources. Hike In Income Tax Basic Exemption Limit There …

Tax Budget Income 2023 Lakh Scheme Exemption
Union Budget 2023: Govt likely to announce PLI scheme for more sectors to cover high-employment fields
2 years, 2 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 Pti Scheme Pli Sectors Union Budget Pli Scheme
New PLI scheme for IT server, hardware to offer more sops for IP designed in India
2 years, 2 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,” …

India Design State Pli Scheme Vlsi
ReNew may apply for PLI scheme for solar modules
2 years, 3 months ago

ReNew may apply for PLI scheme for solar modules

Live Mint  

With the Indian solar power industry facing a supply crunch and the government’s plan to develop the domestic solar equipment industry, Nasdaq-listed ReNew Energy Global Plc plans to apply for the second tranche of the production linked incentive scheme for solar modules. In September, the union cabinet approved the second tranche of PLI scheme worth ₹19,500 crore for domestic manufacture …

India Domestic Solar Green Hydrogen Sinha Pli Modules
Civil aviation ministry outlines operational guidelines for PLI scheme for drones and drone components
2 years, 3 months 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 …

Crore Ministry Scheme Pli Drones Incentive Pli Scheme