Page 15 - Pli Scheme
Top headlines: Govt comes down heavily on Twitter, IndiGo starts hiring
Business Standard brings you the top headlines at this hour
 "Top headlines: Govt comes down heavily on Twitter, IndiGo starts hiring")
PLI scheme may trigger investments worth Rs 50,000 crore into pharma sector
According to the people, 86 companies have applied to start production of bulk drugs listed under the PLI scheme so far, said sources
 "PLI scheme may trigger investments worth Rs 50,000 crore into pharma sector")
Best of BS Opinion: Kirana comes full circle, impact of PLI schemes & more
Here's a selection of Business Standard opinion pieces for the day
 "Best of BS Opinion: Kirana comes full circle, impact of PLI schemes & more")
Manufacturing boost: PLI looks to succeed where older schemes failed
Pushing exports key to ensure scheme's viability, say experts
 "Manufacturing boost: PLI looks to succeed where older schemes failed")
A pro-growth turn in government policy
The growth impact of PLI schemes could start showing up in FY22
Following 4-pronged approach to reduce compliance burden on biz: DPIIT secy
About 1,400 such Acts have already been removed since the government came to power
 "Following 4-pronged approach to reduce compliance burden on biz: DPIIT secy")
Budget 2021: Textile parks may attract big investments from players
Up to Rs 5,000 crore likely as big brands look to scale up manufacturing in the country
 "Budget 2021: Textile parks may attract big investments from players")
PLI scheme to make India integral part of global supply chain: Eco Survey
The scheme is expected to create huge employment opportunities, according to the economic survey
 "PLI scheme to make India integral part of global supply chain: Eco Survey")
Atmanirbhar campaign in sync with globalisation, PM tells MNC heads
Says India to soon supply two vaccines to the world, many more will come, going forward
 "Atmanirbhar campaign in sync with globalisation, PM tells MNC heads")
Five things the market will be watching in FM Sitharaman's third Budget
It has reacted negatively to her previous two budgets. This time too, it has come off over 5 per cent from the highs
 "Five things the market will be watching in FM Sitharaman's third Budget")
Tax sops over subsidies: Why PLI scheme doesn't enthuse India Inc
Local sourcing of components and state monitoring keep firms away from production-linked incentives
 "Tax sops over subsidies: Why PLI scheme doesn't enthuse India Inc")
Aurobindo Pharma, KAPL get nod for promotion of manufacturing bulk drugs
The government has given approval to drug firms includingAurobindo Pharma and Karnataka Antibiotics & Pharmaceuticals under the PLI scheme for promotion of domestic manufacturing of critical bulk drugs. The Production Linked Incentive (PLI) scheme aims at promotion of manufacturing of critical key starting materials (KSMs)/drug intermediates and APIs in the country. The setting up of plants under the scheme will lead to total committed investment of Rs 3,761 crore by the companies and employment generation for around 3,825 people,the Ministry of Chemicals and Fertilizers said in a statement. The applications of Aurobindo Pharma (through Lyfius Pharma) have been approved for setting up plants for the production ofPenicillin G, and 7-ACA, with committed production capacity of15,000 MT and2,000 MT, respectively. The committed investment for Penicillin G is Rs1,392 crore, and for 7-ACA isRs 813 crore, it added. The approval has also been given to Aurobindo Pharma (through Qule Pharma)
 "Aurobindo Pharma, KAPL get nod for promotion of manufacturing bulk drugs")
Govt may keep Rs 7,500 cr outlay for IT hardware under PLI scheme
The government has announced a cumulative production linked incentive of Rs 2 trillion for 10 sectors to encourage domestic manufacturing
 "Govt may keep Rs 7,500 cr outlay for IT hardware under PLI scheme")
Banking on Budget: Keeping an eye out for growth focus, PSU reforms
While the govt should try to push divestments, it should understand that reforms in the PSU space are very important if it wants to offload some its stake in the market
 "Banking on Budget: Keeping an eye out for growth focus, PSU reforms")
PLI scheme: Lava seeks to reboot with first locally made smartphone
Wishes to cash in on geopolitical situation, hopes anti-China sentiment will work in its favour
 "PLI scheme: Lava seeks to reboot with first locally made smartphone")
PLI Scheme: Dixon CMD Sunil Vachani is ready for the next big leap
A two-part series looks at how two home-grown manufacturers are leveraging the govt's production-linked incentive scheme
 "PLI Scheme: Dixon CMD Sunil Vachani is ready for the next big leap")
Bajaj Auto, TVS Motor to gain from export incentives under PLI scheme
May outperform Hero MotoCorp on higher export demand
 "Bajaj Auto, TVS Motor to gain from export incentives under PLI scheme")
Top headlines: UK flight ban may continue; telecom lobby slams 'sabotage'
Business Standard brings you top news of the evening
 "Top headlines: UK flight ban may continue; telecom lobby slams 'sabotage'")
Return of rent-seeking
PLI schemes have already set off the expected lobbying
Mobile phone makers likely to miss production target under PLI scheme
Mobile phone manufacturers have approached the government to roll over timelines of the scheme
 "Mobile phone makers likely to miss production target under PLI scheme")
