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:
Companies have petitioned the government to double the incentive from 2.5 per cent to 5 per cent and extend the tenure
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?
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
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.
Apple vendors pledge 3x rise in manufacturing over FY22
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
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
The export of mobile phones from India is driven by Apple and Samsung
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
Bharat Forge, Bosch India, CEAT, BHEL, and Ola Electric also on the list
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.
The minimum Local Value Addition (LVA) or use of local content for participating manufacturers kept at 90%
The Civil Aviation Ministry on Thursday invited applications from the drone industry for the production-linked incentive (PLI) scheme that was announced last year.
So far 55 drug manufacturers have been selected under the PLI scheme for pharma.
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