DPIIT has notified the Production Linked Incentive (PLI) scheme for white goods -- air conditioners and LED lights, with a budgetary outlay of Rs 6,238 crore
The government hopes to learn from two failed attempts in 2007 and 2013 to attract fab manufacturers to India but it's up against some stiff challenges
The Department of Telecommunications (DoT) is likely to issue guidelines on implementation of production-linked incentive (PLI) schemes for manufacturers in the sector
Hero Cycles chief says growth in India is limited, wants PLI scheme for his industry
The production-linked incentive (PLI) scheme announced by the government for air-conditioners and LED lights will help create a complete component ecosystem in India, mobile industry body ICEA said. The scheme is expected to attract global investments, generate large scale employment opportunities and enhance exports substantially, it added. This scheme is designed to create a complete component ecosystem in India and make India an integral part of the global supply chain, the body noted. On Wednesday, the government announced the PLI scheme for white goods - Air Conditioners and LED Lights - with a budgetary outlay of Rs 6,238 crore. The proposal was approved in a Union Cabinet meeting, chaired by Prime Minister Narendra Modi. ICEA Chairman Pankaj Mohindroo said: "The scheme is expected to attract global investments, generate large scale employment opportunities and enhance exports substantially. It will also lead to investments in innovation, research & development and ...
While incentives worth Rs 6,238 crore would be provided over five years for manufacturing of white goods in India, the outlay for solar PV modules is Rs 4,500 crore
The JV is targeting the Bharti group to pick up 80-85 per cent of the value of its cumulative sales of five years
Under PLI, Cabinet in Nov 2020 had okayed Rs 4,500 cr for manufacturing High Efficiency Solar PV Modules. MNRE later proposed a 'National Programme on High efficiency solar PV modules' for the same
Lack of incentive for incremental assembly may delay investments
Local manufacturers may delay investments in building capacity to assemble
The government on Wednesday said the production-linked incentive scheme for the food processing industry has been well received by companies like Nestle, ITC, Britannia, KeventerAgro and Amul.
Mobile manufacturers shortlisted under a production linked incentive scheme invested Rs 1,300 crore and produced goods worth around Rs 35,000 crore in the 2020 December quarter
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The government on Wednesday approved a production linked incentive (PLI) scheme for white goods - Air Conditioners and LED Lights - with a budgetary outlay of Rs 6,238 crore
Seeks different schemes for firms with higher targets, and smaller ones
With the markets turning range-bound, investors are looking for bottom-up investment opportunities
The scheme was the first among the 10 new PLI schemes across various sectors which was announced last September
Indian FMCG majors like ITC, Adani Wilmar & Marico, apart from MNCs like Nestle are expected to benefit
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