Page 18 - Pli Scheme
The best of liquidity is behind us, says Nomura's Saion Mukherjee
Saion Mukherjee says the market is already factoring in earnings recovery from the June 2021 quarter
 "The best of liquidity is behind us, says Nomura's Saion Mukherjee")
Value of textile exports should be increased to $100 bn from $33 bn: Goyal
Goyal says PLI and mega textile parks scheme to be approved soon
 "Value of textile exports should be increased to $100 bn from $33 bn: Goyal")
Top headlines: Maruti to recall 180k vehicles; Snapdeal weighs $400-mn IPO
Business Standard brings you the top stories this evening
 "Top headlines: Maruti to recall 180k vehicles; Snapdeal weighs $400-mn IPO")
Goyal says mega textile parks scheme and PLI scheme will be approved soon
'We must aim for a $100 billion export target in the next five years,' says Textiles Minister
 "Goyal says mega textile parks scheme and PLI scheme will be approved soon")
Lenovo expands local manufacturing capacity to meet rising customer demand
Total revenue for all Lenovo Group businesses in India was approximately $462 million for the quarter ended June 30, 2021
 "Lenovo expands local manufacturing capacity to meet rising customer demand")
IT hardware companies call for more benefits under govt's PLI scheme
Global brands find import of laptops, tablets cheaper than making in India
 "IT hardware companies call for more benefits under govt's PLI scheme")
Indian firm Optiemus, Taiwan's Wistron sign deal to make mobile devices
The strategic alliance will design and manufacture tablets, laptops, hearables, wearables, telecom products.
 "Indian firm Optiemus, Taiwan's Wistron sign deal to make mobile devices")
Markets will remain choppy till 2021-end: Anil Sarin, CIO, Centrum PMS
Rising commodity prices, he believes, cannot sustainably derail the bullish market momentum
 "Markets will remain choppy till 2021-end: Anil Sarin, CIO, Centrum PMS")
India at BRICS meet: Aatmanirbhar Bharat a global initiative, says Goyal
Minister bats for widening the scope of NDB to strengthen social infra
Govt revises PLI scheme guidelines for white goods: Check details here
The budgetary outlay for the scheme is Rs 6,238 crore
 "Govt revises PLI scheme guidelines for white goods: Check details here")
Pharma PLI scheme has export generation potential of Rs 1.96 tn: Mandaviya
PLI for pharmaceutical products has export generation potential of Rs 1,96,000 crore over a period of six years, Parliament was informed on Tuesday.
 "Pharma PLI scheme has export generation potential of Rs 1.96 tn: Mandaviya")
Dependence on imports in the steel sector is worrisome: R C P Singh
Newly appointed Steel Minister says the announcement of the Rs 6,322-cr PLI scheme for specialty steel is another step towards 'Atmanirbhar Bharat'
 "Dependence on imports in the steel sector is worrisome: R C P Singh")
Union Cabinet approves Rs 6,322 crore PLI scheme for speciality steel
Move likely to attract investment of Rs 40,000 crore, capacity addition of 25 mn tonnes; create over 500,000 jobs
 "Union Cabinet approves Rs 6,322 crore PLI scheme for speciality steel")
PLI boost spurs solar manufacturers to look at new schemes for growth
A basic Customs duty of 40 per cent on solar cells and 25 per cent on modules will come into effect from April 1, 2022
 "PLI boost spurs solar manufacturers to look at new schemes for growth")
Maharashtra announces sops up to Rs 20 lakh for electric vehicles
Housing societies to get property tax rebate for setting up charging stations; State targets 10% share of EVs in total registrations by 2025
 "Maharashtra announces sops up to Rs 20 lakh for electric vehicles")
Samsung gives PLI scheme for IT hardware and telecom equipment a wide berth
It has bet big on Vietnam as its key global manufacturing hub for exports
 "Samsung gives PLI scheme for IT hardware and telecom equipment a wide berth")
Diminished role for commerce ministry in export promotion may continue
With the Commerce Minister holding the additional charge of the Textiles Ministry, it is likely that more funds will be diverted to encourage exports of labour intensive textiles.
ReNew Power to bet on Solar PLI scheme, plans manufacturing foray
Firm is among top-5 renewable energy players in India with a solar and wind power portfolio of 9.8 Gw of commissioned and under construction capacity
 "ReNew Power to bet on Solar PLI scheme, plans manufacturing foray")
VVDN gets approval under PLI Scheme for IT hardware manufacturing
VVDN Technologies, a premier electronic product engineering and manufacturing company, has been approved by the Ministry of Electronics and Information and Technology (MeitY) under the Production Linked Incentive scheme (PLI) for IT hardware.VVDN is amongst the 14 companies domestic and international, which has been granted approval for IT hardware manufacturing under Production Linked Incentive (PLI) scheme for IT hardware products. VVDN has also participated in the Govt. of India's PLI Scheme for Telecom and Networking equipment.With 5 state-of-the-art manufacturing units and 10 design centers across India, VVDN does the complete R & D, engineering and manufacturing of products in the domains 5G & Datacenter, Networking & Wi-Fi, Vision, and IoT. In IT hardware space, VVDN has vast experience in doing the design, development and manufacturing of rack storage servers, communication servers, ruggedized tablets, IoT tablets, desktop all-in-one PCs.Over the last year, ...
 "VVDN gets approval under PLI Scheme for IT hardware manufacturing")
Samsung skips telecom PLI scheme; Ericsson participates through Jabil
South Korean electronics major Samsung has not applied for the production-linked incentive scheme for telecom gear manufacturing
 "Samsung skips telecom PLI scheme; Ericsson participates through Jabil")
