Page 12 - Pli Scheme

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

No proposal at present to include toy industry under PLI scheme: Govt

There is no proposal at present with the government to include the toy industry under the Production Linked Incentive (PLI) scheme, though it is providing all round support to the sector to make it more competitive, Parliament was informed on Friday. The government has taken a series of steps such as raising Basic Custom Duty (BCD) on toys to 60 per cent in order to increase the domestic production and reduce the imports of toys, Minister of State for Commerce and Industry Som Parkash said in a written reply to the Rajya Sabha. "There is no such proposal with the government to include the toy industry under the PLI scheme at present," he said. The objective of the scheme is to make domestic manufacturing globally competitive and to create global champions in manufacturing. In a separate reply to a question on exports, Minister of State for Commerce and Industry Anupriya Patel said the exports by IT/ITeS units in Special Economic Zones (SEZ) for 2020-21 were Rs 5.1 lakh ...

Suzuki, Tata Motors, M&M, Bajaj among 20 cos selected under auto PLI scheme

New entrants like Hop Electric Manufacturing Private Limited, Ola Electric Technologies Private Limited have also been selected under new non-automotive investor

Making of India's drone economy

The govt on Wednesday put a halt on the import of drones to give a fillip to India's fledgling drone industry. Will this move help lift the fortune of nascent drone industry? We find some answers

RIL sets its drone biz plan in motion, looks to become a key player

Looks to become a key player by the end of the decade

Indian drone makers welcome govt's decision to ban import of drones

The decision will block cheaper Chinese products, encourage participation from large corporations

Govt bans import of foreign drones to boost Make in India, lists exceptions

The decision has been taken with a view to promote local manufacturing under Make in India scheme

Lenders see faster resolution of Videocon debt with three big new bidders

Govt's PLI sops encourages Adani, Jindal to show interest in VIL's consumer durable business

Top headlines: PLI scheme targets jobs; mobile apps struggle for money

The govt's ambitious target of generating 6 mn jobs from the PLI scheme will hinge on five of the 14 specified sectors.

Steel, auto, textile companies at heart of PLI scheme job target

The government's ambitious target of generating over 6 million jobs in five years from PLI scheme will hinge on five of the 14 specified sectors reaching the magic numbers

Tata Power shares up 180% in one year; PLIs likely to sustain momentum

Shares of Tata Power have risen around 180 per cent in the past one-year period evidently due to its strong investment in EV charging stations, solar infrastructure and other expansions.

Govt expects Rs 34,090-cr investment under PLI scheme for electronics mfng

The government is expecting an investment of Rs 34,090 crore under the PLI scheme for large-scale electronics manufacturing, by 2025, Parliament was informed

Budget impact: Capital expenditure-tilt positive for most sectors

Domestic-focussed sectors due to the government's push on infrastructure and indigenous manufacturing are the big winners in the Budget

Budget prioritises growth over fiscal consolidation: ICRA Limited MD

The Budget has pencilled in modest 6.0 per cent growth in revenue receipts, dampened by a contraction in non-tax revenues

Govt enhances PLI for domestic solar cells, modules to Rs 24,000 cr

With the increase in allocation to Rs 24,000 crore, the quantum of investments and domestic manufacturing capacity envisaged under the PLI scheme would further increase.

PLI scheme may generate 6 million jobs in next 5 years: FM Sitharaman

Presenting the Union Budget 2022-23, her fourth budget to date, she said that the PLI schemes have received tremendous response