If a company invests Rs 100 crore, it can account for Rs 5 crore as technology transfer and Rs 15 crore as R&D expenditure.
The registration process for the scheme will begin on Friday and remain open for 30 days till July 3
India is pitching itself to be part of this global supply chain by attracting investments in these PLI sectors, says DPIIT official
A committee headed by Union Cabinet Secretary has suggested a revamp of the production-linked incentive scheme to boost manufacturing.
Suggests institutional mechanism, regular hand-holding for firms
HFCL supplies telecom equipment and fibre optics to most of the current Indian operators.
The government has given approval to four waitlisted firms under the Production Linked Incentive (PLI) scheme for domestic manufacturing of bulk drugs, an official statement said on Monday. The Department of Pharmaceuticals had launched the PLI scheme for promotion of domestic manufacturing of critical bulk drugs -- Key Starting Materials (KSMs)/ Drug Intermediates and Active Pharmaceutical Ingredients (APIs). It envisages setting up greenfield plants in four different target segments with a total outlay of Rs 6,940 crore for the period 2020-21 to 2029-30. All the 215 applications received for the 36 products spread across the four target segments were considered and appraised and selected participants duly informed, the Ministry of Chemicals and Fertilizers said. Now, four waitlisted applicants who are otherwise eligible have been approved against slots vacated by withdrawal by companies which had earlier been granted approvals, the ministry said. The companies which have been gi
The scheme also aims at making domestic manufacturing globally competitive, create jobs, and boost exports.
Production and export commitments by 19 companies are much lower than government's projections
Gold has bounced back about 8 per cent from March 2021 lows of close to Rs 44,000 per 10 gram and is trading at Rs 47,600, owing to correcting dollar and treasury yields
The allocation of Rs 4,500 crore towards solar modules manufacturing industry can benefit sales of 20 gigawatts from capacity developed under the production linked incentive scheme, Ind-Ra estimates
The Centre hopes to create direct investment of Rs 45,000 cr in ACC Battery storage projects
Government on Wednesday approved the Production Linked Incentive (PLI) scheme for promoting battery storage at an estimated outlay of Rs 18,100 crore
Slowdown visible since late February, says IDC
Dixon has earned revenues of Rs 4,400 crore and is in the bottom 20 of the global pecking order of EMS players
A production-linked incentive scheme and possible basic customs duty will have a limited impact in encouraging domestic solar equipment manufacture
Domestic manufacturers could end up getting barely 3-5 per cent of the sale value of their solar cells and modules as incentives through this scheme
According to the ministry, the scheme is expected to lead to total production worth around Rs 1.6 trillion
Production of Rs 1.6 trn and exports of Rs 60,000 cr expected over next 4 years, says govt
The Union Cabinet last month approved the MNRE proposal for ramping up domestic manufacturing of solar photovoltaic panels under the Centre's PLI scheme