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Will a new incentives package help India's drone industry lift off?
3 months, 1 week 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
Apple produces over Rs. 1 lakh crore worth of iPhones under PLI scheme: Rajeev Chandrasekhar
9 months 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
India looks for new textiles markets abroad as demand wanes in U.S., EU, says Union Secretary
11 months, 2 weeks ago

India looks for new textiles markets abroad as demand wanes in U.S., EU, says Union Secretary

The Hindu  

With demand for textiles exports turning sluggish in Europe and the U.S., India is looking for new markets through free trade agreements with countries such as Australia and the United Arab Emirates, Union Textiles Secretary Rachna Shah said here on Tuesday. Addressing a press conference, she said the Centre is taking steps to address the issues of lack of demand …

Centre Pli Textiles Exports
Will review import levy on cotton after consulting Agriculture Ministry, says Piyush Goyal
1 year, 3 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
Thirty-two firms express interest in IT hardware PLI: Minister
1 year, 3 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 …

India Vaishnaw Pli Rajan It Hardware Express Interest
How India Hopes to Export Vande Bharat Trains by 2026 With Railways' PLI Scheme for Wheels & Brakes
1 year, 4 months ago

How India Hopes to Export Vande Bharat Trains by 2026 With Railways' PLI Scheme for Wheels & Brakes

News 18  

A new Production Linked Incentive scheme is in the pipeline to boost domestic manufacturing of wheels, brakes, and transmission systems for Linke Hofmann Busch and Vande Bharat train sets in India, said Railways officials, adding that they are aiming to sell the indigenous semi-high-speed trains to countries around the world, especially in Europe, South America and East Asia, by 2025-26. …

India Trains Indian Railways Railways Factory Indian Railway
What India needs to create successful economic zones
1 year, 4 months ago

What India needs to create successful economic zones

Live Mint  

We are aware of the transformational economic impact of a cluster-led development model. R: Region I: Infrastructure S: Strategic incentives & investment promotion E: Enabling governance & regulations The aim of every element in this framework is to help India attain global competitiveness, which is critical for it to deliver on its employment and growth potential. This fragmented development in …

India Vietnam China Infrastructure Development Bangladesh Investment
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 …

India Policy China Trade Manufacturing Trade Policy Foreign
The automobile sector is set to experience a big move, here’s how
1 year, 10 months ago

The automobile sector is set to experience a big move, here’s how

Live Mint  

India is poised to soar, higher than many fast-growing large economies over the next decade. Categories that are expected to gain more traction would be parts of internal combustion engines and bearings in industrial machinery, mobile/telephone sets, electric gensets and rotary converters, valves and similar appliances in electrical machinery India’s automotive sector is also well placed to benefit from structural …

Global India Growth Automotive Industry Companies Auto
India is on path of reform, transform and perform: PM Modi to global investors
1 year, 11 months ago

India is on path of reform, transform and perform: PM Modi to global investors

Live Mint  

NEW DELHI: Inviting global investors to India, Prime Minister Narendra Modi on Wednesday said that the country was on the path of reform, transform and perform. Addressing the Madhya Pradesh Global Investors Summit 2023, PM Modi asked global players to invest in multimodal infrastructure projects and production-linked incentive schemes. India has been on the path of ‘Reform, Transform and Perform’ …

Global India Reform Sector Modi Scheme Madhya Pradesh
5G rollout to be faster in India, gears from neighbouring countries need more checks: Nokia India official
2 years ago

5G rollout to be faster in India, gears from neighbouring countries need more checks: Nokia India official

The Hindu  

India is going to record the fastest 5G rollout in the world and it is going to have the biggest success of the next -generation telecom service with the support of the government, a senior Nokia India official said. India is going to witness the fastest rollout of 5G which will be at least three times faster than what we …

India Telecom Pli Neighbouring Countries Marwah Nokia India
PLI Scheme: 20 Vehicle Companies Receive Approval Under 'Champion OEM Incentive' in India
2 years, 10 months ago

PLI Scheme: 20 Vehicle Companies Receive Approval Under 'Champion OEM Incentive' in India

News 18  

20 applicants have been approved under the “Champion OEM Incentive Scheme” of the Production Linked Incentive Scheme for the Automobile and Auto Component Industry in India. The Government approved the Production Linked Incentive Scheme for Automobile and Auto Component Industry in India for Enhancing India’s Manufacturing Capabilities for Advanced Automotive Products with a budgetary outlay of ₹25,938 crore. Here’s the …

India Vehicles Auto Vehicle Private Scheme Pli
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. …

India Auto Pli Pli Scheme Component Companies
Little value from global chains
3 years, 11 months ago

Little value from global chains

The Hindu  

O N December 12, in an outburst of suppressed anger, workers employed at a factory assembling iPhones in Narasapura near Bengaluru ransacked its premises and damaged parked vehicles. But the incident highlights certain characteristics of global production value chains and their implications for policies that attempt to expand domestic manufacturing by inserting India into segments of those chains. The low …

Global India China Labour Manufacturing Workers Production
Make In India: Rs 5000 Crore PLI Push For Technology Product Manufacturing In India Includes Laptops
4 years, 1 month ago

Make In India: Rs 5000 Crore PLI Push For Technology Product Manufacturing In India Includes Laptops

News 18  

The government of India has further widened the scope of the Production-Linked Incentive Scheme to boost manufacturing in India. The PLI scheme for the electronics and technology products has an approved outlay of Rs 5000 crore for a five-year period. The PLI scheme will boost the production of electronic products in India,” says the official press statement confirming the cabinet …

Technology India Products Manufacturing Electronics Scheme Pli