Page 4 - Pli Scheme

EV makers urge govt to ease PLI norms, expand charging infrastructure

Leading EV startups said on Thursday that the government should not only introduce standardised EV charging infrastructure across the country but also ease norms for EV manufacturing

Budget 2022: Capex likely to focus on jobs creation, PLI expansion

India's Federal Budget FY23's Capex thrust is likely to focus on rural welfare and employment generation schemes.

Specialty chemicals maker Neogen's shares double in 1 year on PLI boost

Shares of Neogen Chemicals have more than doubled in the past one-year period after the Centre announced production-linked incentives (PLIs) for specialty chemical manufacturers.

What are subsidies and why countries need it?

Last week US lawmakers urged their govt to approach WTO against India which they said was subsidizing half of the value of production for rice and wheat. Know about subsidies and why countries need it

Hike in import duties on components of mobile devices may nix PLI benefits

High component cost may push up mobile prices by 18%

Bring EV financing under priority sector lending: Industry body

Finance Minister Nirmala Sitharaman is scheduled to present the Union Budget for FY 2022-2023 on February 1

Budget FY23: EV makers seek incentives for exports, PLIs to small players

SMEV has requested the Centre to provide some incentives -- in the form of subsidies -- on exports of affordable small cars and scooters from India in the Union Budget FY23

How did Chinese smartphones wipe out Indian brands?

Entry of Chinese companies decimated Indian brands like Micromax, Lava, Karbonn and Intex. Why and how the Chinese smartphones wiped out the domestic brands? This report tries to find some answers

Tesla's tryst with India: Apple may have a playbook for Musk to follow

The tech giant learnt the hard way that patience, negotiating flexibility and industry cooperation work better than public statements and tweets when attempting to enter India

Tax hike on components to make mobile PLI uncompetitive for exports: ICEA

ICEA has said that increase in taxes on components will make the products manufactured in India under the PLI scheme globally uncompetitive.

RIL unit, M&M among 10 cos to bid under PLI scheme for ACC battery storage

RIL subsidiary Reliance New Energy Solar, Hyundai Global Motors, Ola Electric, Mahindra & Mahindra and Larsen & Toubro are among the 10 firms that have submitted bids under the Rs 18,100 crore production linked incentive (PLI) scheme for Advanced Chemistry Cell (ACC) battery storage, the government said on Saturday. A total of 10 bids with capacity of 130 Gwh -- over twice the manufacturing capacity to be awarded -- were received. Amara Raja Batteries, Exide Industries, Rajesh Exports, India Power Corporation and Lucas-TVS have also submitted bids. "Industry has reposed its faith in India's stellar progress as a world class manufacturing destination which resonates strongly with Prime Minister's clarion call of Atma Nirbhar Bharat - a self-reliant India," an official statement said. The government approved the PLI scheme 'National Programme on Advanced Chemistry Cell (ACC) Battery Storage' for achieving manufacturing capacity of 50 Giga Watt Hour (GWh) for enhancing India's ...

115 companies file applications under PLI scheme for auto component sector

The govt has approved the Production Linked Incentive scheme for automobile and auto components Industry in India with a budgetary outlay of ₹25,938 cr

Govt plans tax incentives to make India 'safe, affordable' air sports hub

Policy paper proposes production linked incentive scheme to boost domestic manufacturing of air sports equipment.

IT, pharma, electronics departments ask for top-up funds in PLI push

Govt sets up panel to look into demand after strong industry response

Govt begins inviting applications under PLI scheme for speciality steel

March 29, 2022, has been fixed as the last date to submit the applications

Arvind, KPR Mill, Gokaldas: Textile stocks that can gain up to 12%

Major textile stocks are witnessing sideways to breakout formations, this may see stronger interest of market participants.

Govt issues operational guidelines for PLI scheme for textiles sector

An Empowered Group of Secretaries (EGoS) chaired by the Cabinet Secretary will monitor the progress of the scheme

PLI a game changer in attracting global firms to set up shop in India: FM

The scheme, announced in the Union Budget 2021-22 with an outlay of Rs 1.97 lakh crore, covers 13 champion sectors

Govt issues guidelines for textiles PLI scheme worth Rs 10,683 crore

Companies have to inform the ministry of textiles about their annual investment plan.

IT Min tweets 'Intel-welcome to India' after top exec lauds chip incentives

IT Minister Ashwini Vaishnaw on Tuesday took to Twitter to "welcome" Intel to India following a post by Intel Foundry Services president Randhir Thakur lauding the semiconductor design and manufacturing incentives announced by the government recently. Earlier this month, the government had approved a Rs 76,000-crore scheme to boost semiconductor and display manufacturing in the country, in a bid to position India as a global hub for hi-tech production, and attract large chip makers. The move is expected to further India's ambitions to be self-reliant in electronics manufacturing, bring massive investments and result in 35,000 specialised jobs apart from indirect employment for one lakh people. IT Minister Ashwini Vaishnaw on Tuesday tweeted "Intel - welcome to India." This was in response to a tweet by Intel's Thakur which said, "Congrats to @GoI_MeitY @AshwiniVaishnaw @Rajeev_GoI for Semiconductor design & manufacturing incentives for India as hub for electronics & ...