Pli Scheme

New PLI scheme to attract global cos to India from China: Ashwini Vaishnaw

In a Q&A, the minister of communications says the new scheme for IT hardware also invites Chinese players to set up shop under the scheme if they adhere to its norms

New PLI scheme to attract global cos to India from China: Ashwini Vaishnaw

In a Q&A, the minister of communications says the new scheme for IT hardware also invites Chinese players to set up shop under the scheme if they adhere to its norms

India-UAE agreement: Easier norms for gold import on the anvil

During May-March (2022-23), out of 110 MTs TRQ of gold allocated, only 8.1 MT was imported

India-UAE agreement

During May-March (2022-23), out of 110 MTs TRQ of gold allocated, only 8.1 MT was imported

Powered by PLI, India may add 150,000 new jobs in phone manufacturing

The govt's PLI scheme and the long-term plans of many companies to move their production facilities to India are giving a big push to jobs in the sector

CEO Tim Cook may visit India to launch Apple's first store in the country

Cook will likely meet key ministers during his visit to discuss strategic issues such as plans to expand manufacturing facilities and exports from India

Amp Energy to set up 1 GW capacity under PLI scheme for manufacturing

Amp Energy India on Wednesday said it has bagged 1 GW capacity for integrating cell and module manufacturing under the government's performance-linked incentive (PLI) scheme. Solar Energy Corporation of India Limited (SECI) is a nodal agency of the central government for auctioning renewable energy projects. In a statement, Amp Energy India said subsidiary company AMPIN Solar One has won 1 GW capacity for integrating cell and module manufacturing under tranche II of PLI scheme for integrating cell and module (CM) manufacturing. "SECI declared the winners who would be eligible to receive a total of Rs 139.4 billion under tranche II of the programme to manufacture 39.6 GW of solar modules. Amp Energy India (AMPIN Solar One) has won 1GW for basket 3 (CM) and would be eligible to receive a maximum incentive of Rs 1.4 billion/Rs 140 crore," it said. "Our foray into manufacturing is a strategic move that will enable us to achieve backward integration and enhance our control over the supp

Unable to understand basis for assumption on logistic cost: EAC-PM official

Economic Advisory Council to the Prime Minister (EAC-PM) member Rakesh Mohan on Tuesday said he is unable to find the basis for assuming that logistics cost account for 14 per cent of India's GDP and the assumption forms the basis for government initiatives like production-linked incentive (PLI) schemes. Addressing an event organised by economic think tank ICRIER, Mohan further said he failed to find out how 14 per cent logistic cost number was arrived at by think tanks or researchers. "It seems to be generally accepted that India's logistics costs are significantly higher than global benchmarks. I have tried to look into this, but I can never find what is the basis of this data... this report (CRIER report) repeats the often used number of India's logistics costs being 14 per cent of GDP," former deputy governor of RBI said. The government is going by certain estimates which suggest that logistics cost in India stands at about 13-14 per cent of the country's GDP. The government has

Civil aviation ministry disburses Rs 30 cr under PLI Scheme for drones

The Union Civil Aviation Ministry during FY 2022-23 has disbursed nearly Rs 30 crore to 23 beneficiaries under the Production Linked Incentive (PLI) Scheme for drones and drone components

Reliance, Tatas, nine others get Rs 14,000-crore solar PLI approval

In India, no company manufactures polysilicon, which is raw material in solar equipment manufacturing

Online platform soon for amnesty scheme benefits: DGFT SK Sarangi

'There are other sectors, such as engineering goods, agriculture, food processing, where the potential is very high'

PLI for electronics to achieve Rs 8.12-trn production target in 5 yrs: Govt

The cumulative investments under the scheme have increased to Rs 5,124 crore as of December 2022 from the earlier FY2022-23 target of Rs 3,726 crore

Investment target under mobile PLI scheme increases to Rs 5,124 cr: MoS IT

The cumulative investment under the production-linked incentive scheme to boost mobile manufacturing has increased to Rs 5,124 crore till December from the Rs 3,726 crore target set earlier for the current fiscal, Parliament was informed on Wednesday. Minister of State for Electronics and IT Rajeev Chandrasekhar in a written submission to the Lok Sabha shared that the cumulative investment target for the entire scheme period is Rs 7,000 crore. The data shared by the minister shows that the government has set a target to achieve production of Rs 8.12 lakh crore under the five-year scheme period of the Production Linked Incentive (PLI) Scheme for Large Scale Electronics Manufacturing (LSEM) to boost mobile phone manufacturing. "Over the tenure of the PLI Scheme, the 16 approved companies are expected to lead to a total production of more than Rs 8,12,550 crore. Out of the total production of Rs 8,12,550 crore in the next 5 years, around 60 per cent is expected to be contributed by ...

RIL, 10 other firms bag 39,600 MW solar capacity order under PLI scheme

As many as 11 companies, including Indosol, Reliance and First Solar, have bagged solar photovoltaic manufacturing projects of a total 39,600 MW capacity under the second tranche of the production-linked incentive scheme of the government. The government has allocated a total capacity of 39,600 MW of domestic Solar PV module manufacturing capacity to 11 companies, with a total outlay of Rs 14,007 crore under the Production Linked Incentive Scheme for High-Efficiency Solar PV Modules (Tranche-II), a power ministry statement said. The ministry said that manufacturing capacity totalling 7,400 MW is expected to become operational by October 2024, 16,800 MW capacity by April 2025 and the balance 15,400 MW capacity by April 2026. The Tranche-II is expected to bring in an investment of Rs 93,041 crore. It will also generate a total of 1,01,487 jobs with 35,010 getting direct employment and 66,477 being indirectly employed. Speaking on the success of the PLI scheme, Union Minister for Pow

No new incentive plan for services exports under foreign trade policy

Services exports, however, grew over 36 per cent in February at $29.15 billion, according to the Department of Commerce's estimates

Apple's vendor planning to set up second factory, Pegatron explained

Pegatron is planning to set up its second factory near Chennai in Tamil Nadu. Pegatron opened its first plant only six months ago

Indian handset makers struggle to meet PLI targets; Apple leads the game

Lava International, Bhagwati (Micromax), and local contract manufacturer Optiemus have so far been unable to meet the targets

India faces basic contradiction in drafting policies for renewables sector

Frequent changes in rules governing domestic equipment use in projects is slowing capacity addition

Five firms make the PLI cut to manufacture hydrogen-powered vehicles

Ashok Leyland, Eicher, Pinnacle, Tata, and Booma get the nod

Indian mobile exports to cross $10 bn in FY23; Apple may account for 50%

Buoyed by attractive government incentives towards local manufacturing, India is all set to reach a remarkable $10 billion (over Rs 82,000 crore) worth smartphone exports