PLI Scheme

The decision comes as a blow for the 4,000-odd employees at Ford India's Maraimalai Nagar plant near Chennai and in Sanand, Gujarat

Plans to include highest corpus to polysilicon manufacturing

The aim is to boost domestic output, without raising tariffs or providing subsidy, of items on whose imports India is heavily dependent. The plan is to start with consumer and capital goods

Bajaj said that to counter inflationary pressures, the central and state governments should cut taxes on petrol and diesel further

At that time, the company said it was exploring the possibility of using one of its plants in India to produce electric cars for exports

'Thanks to the production-linked incentive (PLI) scheme, a lot of the supply chain will be localised to India'

The Civil Aviation Ministry on Thursday invited second round of applications for the production-linked incentive (PLI) scheme that was announced last year to boost drone manufacturing in India. The first round of applications for this scheme were invited on March 10 and its results were announced on April 20, wherein Adani Group's joint venture company with Israeli firm Elbit, IdeaForge Technology, and 12 other drone companies were selected as beneficiaries. The ministry had on September 16, 2021, announced the PLI scheme for drones and drone components with an allocation of Rs 120 crore spread over three financial years. Under the PLI scheme, the incentive for a manufacturer of drones and drone components will be 20 per cent of the "value addition" made by the company during the next three years. The value addition is calculated as the annual sales revenue from drones and drone components (net of GST) minus the purchase cost (net of GST) of drone and drone components. About the .

Employment deficit is a bigger problem for India than trade deficit. That and the feasibility question should not be lost in PLI's search for strategic self-reliance, writes T N Ninan

Advanced chemistry cell batteries may soon be manufactured in India, thanks to the government's PLI scheme. These cells account for 80% of the cost of lithium-ion batteries. Let's find out more.

Here are the top headlines on Wednesday morning

A senior government official said the second round of applications was invited as the entire allocated funds were not utilised.

The ministry said that among the 19 applicants, eight are for AC components and 11 for LED Lights

The company topping the evaluations rankings is unlikely to ring a bell: Rajesh Exports

Despite the massive opportunity cost of the PLI scheme, there is considerable enthusiasm amongst the proponents of the scheme

The Indian semiconductor market was valued at $27 billion in 2021 and is expected to grow at a healthy CAGR of 16% from 2019 to 2026 to reach $64 billion in 2026, says IESA report

In a Q&A, Hisahi Takeuchi also explains why the company won't be able to launch its first EV in the affordable segment

Seven foreign companies have committed total investment of Rs 3,559 crore for the plan

Textile Secretary U P Singh said that a total of 67 proposals were received under the PLI scheme for the textiles sector

'Geopolitical conflicts and their consequent impact on food, fertiliser and crude oil pri­ces cast a cloud on the growth outlook globally'

In FY22, direct tax collections broke all records, touching Rs 13,81 trillion. Future Retail and Future Enterprises defaulted on loan repayments worth Rs 8,157.97 crore. More in our top headlines: