Page 2 - Pli Scheme

Testing times for PLI schemes: Covid-related delays put firms in pressure

Companies have petitioned the government to double the incentive from 2.5 per cent to 5 per cent and extend the tenure

What are the challenges facing the PLI scheme?

Apple is ramping up its production in India. The govt's production-linked incentive, or PLI scheme, seems to have helped it. Is it good for other sectors too? And what are the challenges it is facing?

TMS Ep141: Income tax changes, PLI challenges, markets, Bear Trap

What is going to change for income tax payers from today? What are the challenges facing PLI scheme? Will rising interest rates and muted earnings dampen FY23? What is a Bear Trap? All answers here

Top headlines: Govt to review PLI progress; Axis buys Citi's India's biz

The central government will do a two-stage review of the PLI scheme to determine its progress and implementation across sectors. More on this in our top headlines.

iPhone production under PLI scheme may hit Rs 25,000 crore in FY23

Apple vendors pledge 3x rise in manufacturing over FY22

Govt to undertake a two-stage review to determine PLI scheme progress

This will be followed by utilisation of unused funds and the possibility of reallocation to the government department and ministries, which need more amounts, will be assessed

Reliance New Energy Solar, Ola among firms selected for PLI scheme

The selected companies which include Reliance New Energy Solar, Ola Electric Mobility, Hyundai Global Motors Co will receive incentives under India's Rs 18,100 crore-programme for local production

Mobile phone exports set to cross Rs 43,500 crore this financial year: ICEA

The export of mobile phones from India is driven by Apple and Samsung

Four firms selected for Rs 18,000 crore PLI scheme for ACC battery

Four companies have been selected to receive incentives under the government's Rs 18,100 crore PLI scheme for Advanced Chemistry Cell (ACC) battery storage, the government said

Auto PLI scheme: Maruti, Hero among 75 firms to get govt's nod

Bharat Forge, Bosch India, CEAT, BHEL, and Ola Electric also on the list

Textile min receives applications for PLI in man-made fibres, techtex

The textile ministry has received applications from as many as 67 companies to avail benefits of the production linked incentive (PLI) scheme for man-made fibres and technical textile sectors.

New solar PLI scheme to cap bidding capacity at 10 Gw for past winners

The minimum Local Value Addition (LVA) or use of local content for participating manufacturers kept at 90%

Aviation Ministry invites applications from drone industry for PLI scheme

The Civil Aviation Ministry on Thursday invited applications from the drone industry for the production-linked incentive (PLI) scheme that was announced last year.

Expand PLI scheme for pharma to make it research-linked, says industry

So far 55 drug manufacturers have been selected under the PLI scheme for pharma.

Ola Electric set to invest Rs 3,500 crore in five years under PLI scheme

Sources say Ola had announced that it would invest Rs 2,400 crore in the first phase of its electric two-wheeler plant with an initial capacity of 2 million

Intel-owned Tower Semiconductor's chip-making plan in India back on table

In September 2021, the company had threatened to pull the plug on its plan to set up a facility in India

Vedanta, Foxconn's India chip venture is little more than a piece of paper

What we're really seeing is two companies petitioning the government for corporate welfare as it offers $7 bn of enticements to boost electronics manufacturing.

Auto PLI will foster Rs 2.3-trn additional investment over 5 yrs: Arun Goel

In a Q&A, Heavy Industries Secretary breaks down the nitty-gritty of the selection process

Vedanta signs up with Foxconn to manufacture semiconductors in India

The Vedanta Group had in January shared its intent to invest $15 billion for making displays and semiconductor chips in India over the coming five years

PLI for auto to create 7.5 lakh additional jobs in 5 years, says official

The Production Linked Incentives Scheme for the automobile and auto components sector will lead to creation of 7.5 lakh additional jobs and incremental production worth Rs 2,31,500 crore over the next five years, a top official said on Monday. Ford, Tata Motors, Suzuki, Hyundai, Kia and Mahindra & Mahindra are among the 20 companies that will be eligible for receiving incentives under the Production Linked Incentives (PLI) Scheme for the automobile and auto components sector, PTI reported last week. The applicants have been approved under the Champion Original Equipment Manufacturers (OEM) Incentives scheme. "The 20 companies we selected have committed an investment of more than Rs 45,000 crore. So as per our scheme target, our scheme is of Rs 25,938 crore, so we expect this will lead to incremental production of Rs 2,31,500 crore," Secretary in the Heavy Industry Ministry Arun Goel told PTI in an interview. Highlighting that the scheme gives incentives only on such products which