Focus on backward integration and value addition to help on the margin front
The department has urged the top government panel to provide additional funds of around Rs 3,000 crore under the scheme for pharmaceutical medicines
Vijay Kelkar bats for single 12% GST rate
Goyal on Thursday said there has been very positive feedback from the industry on the recently announced production-linked incentive (PLI) schemes by the Central government
Union Minister urges the states to undertake suitable amendments in labour laws to take advantage of PLIs induced manufacturing growth
CEOs say worst is behind and they're re-evaluating plans as capacity utilisation is increasing
Providing benefits to the laminate sector will not only cement its position in the world market, but also expand its horizon to newer shores
The scheme aims to boost manufacturing capability of the automobile sector, including the electric and hydrogen fuel cell vehicles
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The government itself is expecting investments of Rs 40,000 crore in speciality steel through the PLI scheme for which it has earmarked an outlay of Rs 6322 crore as incentives
The approved investments of Rs 4,614 cr are likely to generate net incremental production of Rs 81,254 cr and direct employment of 44,000 people
State-owned SAIL is expected to make investments under the PLI scheme for specialty steel as the steel giant is in process of "examining categories under the scheme." SAIL is evaluating the guidelines of the scheme and would reach a conclusion with respect to investments under it accordingly, company's chairman Soma Mondal told PTI. Replying to an e-mailed query on SAIL's investment plans under the PLI scheme, she said "SAIL is presently in process of examining various categories under the PLI scheme, for feasibility and which may synergize with SAIL's current capabilities...The process of evaluation is ongoing based on the detailed guidelines, it would take some time to crystalize the specific investment plans." Mondal also informed that post identifying product category under the scheme, if required, SAIL's Research & Development Centre for Iron & Steel and the Centre for Engineering and Technology shall work in tandem with steel plants of the company to develop the products
Steel manufacturing firms from Russia are expected to make investments in India under the production-linked investment (PLI) scheme for specialty steel, according to an official. Mukesh Kumar, the Director of Steel Research & Technology Mission of India (SRTMI), said there are some Russian companies interested in setting up businesses in India. The SRTMI is a collaborative research platform formed jointly by the steel ministry and domestic steel players which facilitate research and development (R&D) in the iron and steel sector by strengthening association among industry, academia and research bodies. Kumar was replying to a question on whether there are potential domestic and international players who could invest in India's steel sector under the PLI Scheme for Specialty Steel. "Our Steel Minister Ram Chandra Prasad Singh recently went to Russia. We are expecting steel producing companies that have technologies like NLMK and Severstal of Russia," he told PTI. Severstal even
Leading FMCG companies have termed the PLI scheme approved by the government for the food processing sector as a game-changer which would help bring more investment
In this exclusive interview, Dixon Technologies CMD Sunil Vachani talks about what his company wants to achieve through the PLI scheme, its planned investments and acquisitions, besides much else
The government on Friday said it has notified guidelines for the recently announced Production Linked Incentive (PLI) scheme for specialty steel. On July 22, the Union Cabinet chaired by Prime Minister Narendra Modi had approved the Rs 6,322-crore PLI scheme to boost production of specialty steel in India, attract additional investment of about Rs 40,000 crore and generate fresh 5.25 lakh job opportunities. In a statement, the Ministry of Steel said that "guidelines for an effective operation and smooth implementation of PLI Scheme have been notified on October 20, 2021 on the website of the ministry. Guidelines offer clarity on operational aspects of the scheme such as the application, eligibility, disbursement of incentive and so on". The five categories of specialty steel which have been included in the PLI scheme are coated/plated steel products, high strength/wear resistant steel, specialty rails, alloy steel products, steel wires and electrical steel, the ministry ...
The Production-Linked Incentive scheme must drive learning to compete, not manufacture
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