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About 12 companies including BHEL and Kia Motors to be excluded from Auto PLI due to lag on investments
1 day, 1 hour ago

About 12 companies including BHEL and Kia Motors to be excluded from Auto PLI due to lag on investments

Live Mint  

A dozen companies including state-run Bharat Heavy Electricals Ltd and the Indian entity of Korean automaker Kia Motors will be excluded from the production-linked incentive scheme for automobiles and auto components, two people aware of the matter said, since these companies have made no investments under the scheme since it was launched in 2021. Under the scheme, if an automaker …

India Benefits Investments Companies Auto Crore Scheme
India’s apex auto testing body looks to accelerate to the green lane
1 day, 19 hours ago

India’s apex auto testing body looks to accelerate to the green lane

Live Mint  

New Delhi: India’s primary vehicle research and testing body plans to expand facilities that are focused on so-called new energy vehicles, seeking to keep pace with the government’s rapidly accelerating green mobility drive. Localisation standards under the PM E-Drive scheme and its predecessors FAME 1 and FAME 2 were included in the government’s phased manufacturing programme, which lists auto components …

India Research Battery Testing Auto Facilities Recycling
French auto parts supplier Valeo bets on India EV transition even as demand cools
6 days, 13 hours ago

French auto parts supplier Valeo bets on India EV transition even as demand cools

Live Mint  

New Delhi: Growing adoption of electric vehicles in India is unlocking opportunities for the Indian arm of French auto parts supplier Valeo to increase revenue per vehicle, according to a top company executive, even if sales have temporarily slowed for one of its top customers in India. For instance, we supply Tata with onboard chargers and DC-DC converters, while Mahindra …

India Vehicles Ice Mahindra French Vehicle Pli
Centre to promote millet based products; Allocates Rs.800 Cr
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
India-made iPhones breach $10 billion milestone, reveals IT Minister Ashwini Vaishnaw
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
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 …

Pli Disbursement
Tata Motors sees Q2 profit fall on weak JLR, domestic auto sales, keeps near-term outlook cautious
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
Telecom equipment manufacturing sales cross Rs 50,000 crore: PLI booster
5 months, 2 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 …

India Telecom Mobile Phones Equipment Crore Pli
Finance Ministry’s Latest Report Highlights 8% Industrial Growth Trajectory Fuelled by Make in India, PLI & MSMEs
10 months, 3 weeks ago

Finance Ministry’s Latest Report Highlights 8% Industrial Growth Trajectory Fuelled by Make in India, PLI & MSMEs

News 18  

The recently released ‘The Indian Economy – A Review’ by the Department of Economic Affairs, Finance Ministry, has revealed a notable surge in industrial growth, showcasing a likely 8% per annum growth trajectory for the triennium ending March 2024. The report attributes this growth to strategic government initiatives, particularly emphasizing the success of ‘Make in India’, the Production-Linked Incentive scheme, …

India Report 2023 Scheme Pli Msmes Lakh Crore
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 …

Medical Devices Crore Lakh Schemes Pli Sectors Food Processing
Apple warns India's EU-style charger rules will hit local production target
1 year ago

Apple warns India's EU-style charger rules will hit local production target

Live Mint  

NEW DELHI : Apple has told India that its local production targets will be hit if New Delhi follows the European Union and requires existing iPhones to have universal charging ports, a government document shows as the US tech giant lobbies for an exemption or delay. In a closed-door meeting on November 28 chaired by India's IT ministry, Apple asked …

India Apple Production Models Iphone Pli Iphones
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 …

India Electronics Foxconn Incentive Padget Foxconn India Lsem
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 …

Drone Crore Lin Scheme Pli Min Incentive
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
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 …

India Solar New Delhi Crore Pti Cabinet Five Years
PM Modi to inaugurate Drone Festival in Delhi today. Details here
2 years, 6 months ago

PM Modi to inaugurate Drone Festival in Delhi today. Details here

Live Mint  

In Delhi's Pragati Maidan, Prime Minister Narendra Modi will inaugurate India's biggest Drone Festival - Bharat Drone Mahotsav 2022 today at 10 AM. During the two-day Bharat Drone Mahotsav, over 1,600 delegates comprising government officials, foreign diplomats, armed forces, central armed police forces, PSUs, private companies and drone startups etc, will participate in the Mahotsav. The festival will also showcase …

India Pli Delhi Today Drone Components Drone Startups
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 …

India Indian Drone Drone Industry Value Addition Drone Components Crore Pli
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
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 …

Automotive Auto Sales Value Ministry Heavy Industries Approved
Auto PLI Scheme Approved With Focus on Alternate Fuel and Advanced Tech: Know it All
3 years, 3 months ago

Auto PLI Scheme Approved With Focus on Alternate Fuel and Advanced Tech: Know it All

News 18  

Government of India has approved the production-linked incentive scheme for the automobile sector. While the initial outlay approved for the PLI scheme for vehicles and components makers was Rs 57,000 crore, govt has only approved Rs 26,058 crore only incentivizing auto makers of electric and hydrogen fuel cell vehicles. The Production Linked Incentive Scheme promoting production of alternate fuel vehicles …

India Tech Vehicles Fuel Auto Crore Electric
Nirmala Sitharaman announcements: "PLI scheme for electronics manufacturing extended till 2025-26"
3 years, 5 months ago

Nirmala Sitharaman announcements: "PLI scheme for electronics manufacturing extended till 2025-26"

The Hindu  

Union Finance Minister Nirmala Sitharaman is announcing relief measures to boost health infrastructure and exports among others. The total financial implication of this free visa scheme would be Rs 100 crore. Emergency Credit Line Guarantee Scheme An additional Rs 1.5 lakh crore has been granted under the Emergency Credit Line Guarantee Scheme, which was announced last year. Rs 50,000 crore …

India Farmers Focus Exports Crore Lakh Pli
How PLI scheme is boosting Indian manufacturing
3 years, 10 months ago

How PLI scheme is boosting Indian manufacturing

Live Mint  

The production-linked incentive scheme is a central government scheme that seeks to make India an efficient, equitable and resilient manufacturing hub, on the lines of Prime Minister Narendra Modi’s call for a self-reliant India. The scheme aims to make India self-reliant in manufacturing goods for local and export markets, positioning it as a global manufacturing hub. The production-linked incentive scheme …

India Manufacturing Scheme Pli Incentive Pli Scheme
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
Automakers vie for output sops
4 years, 1 month ago

Automakers vie for output sops

Live Mint  

Several automakers in India are exploring ways to boost exports to help them qualify for subsidies under a government scheme to promote local manufacturing, three people directly aware of the developments said. “The Nissan Magnite is the first made for India B-SUV on our ‘Make in India, Make for the World’ philosophy, and we are exploring export opportunities,” the spokesperson …

Exports Scheme Pli Nissan Tata Motors Volkswagen India