Page 22 - Pli Scheme

Centre approves Rs 10,900 cr PLI scheme for food processing sector

The government on Wednesday approved a production-linked incentive (PLI) scheme for the food processing sector, entailing an outlay of Rs 10,900 crore. The Union Cabinet, chaired by Prime Minister Narendra Modi, approved the scheme which will help create 2.5 lakh jobs, boost exports and ensure availability of a wider range of value-added products for consumers. "The PLI for the food processing sector with Rs 10,900 crore incentive has been approved. The decision is a fitting tribute to our farmers," Food Minister Piyush Goyal said while briefing the media about the cabinet decisions. Information and Broadcasting Minister Prakash Javadekar said that the government in the Budget had announced PLI scheme for 12-13 sectors. PLI has been announced for six sectors already. "Today, PLI for the food processing industries has been approved," he said. This will boost production of value-added food products, attract foreign investment, create job opportunities besides benefiting farmers with

Status check of PLI schemes that aim to make India world's factory

Last year, the govt introduced a PLI scheme for mobile phones, electronic components, critical pharma drugs and medical devices, which saw huge traction among global as well as Indian manufacturers

Mobile device makers press for 2021 as zero year under PLI scheme

Companies eligible for the scheme ask govt to invoke force majeure clause

PLI schemes to reduce dependence on Chinese electronic products: Dhotre

PLI scheme for large-scale electronics manufacturing and IT hardware along with the scheme to promote component manufacturing will reduce the country's dependence on Chinese electronic products

Success of PLI scheme depends on how well Apple's India plans shape up

India is to be Apple's second significant global hub

Dixon Technologies surges 14%, hits new high as it turns ex-stock split

Dixon Technologies said the rationale behind the stock split is to encourage wider participation of small investors and to enhance the liquidity of the equity shares at the stock market.

Govt invites EoIs by April 30 to set up display fabrication units in India

According to experts, the technology is held by a select few companies in China, South Korea, Taiwan, and Japan

Aarti Drugs gains 6% as board to consider buyback on March 19

In the past six months, the stock of Aarti Drugs has underperformed the market by falling 7 per cent as against a 29 per cent rally in the Sensex

India looks to greater participation from Japan in PLI scheme: DPIIT Scy

The key sectors covered under the scheme include telecommunication, food processing, medical devices, automobile and its components, textiles and solar PV modules

Govt okays 33 API applications with Rs 5k cr investment under PLI scheme

In total, 215 applications have been received for the 36 products spread across the 4 target segments, the Ministry of Chemicals and Fertilizers said in the release

Say cheese: Amul to start making buffalo mozzarella, invest Rs 200 crore

Move over Italy, India could soon become the global export hub of mozzarella cheese

PLI for man-made fibre, setting up textile parks to boost production: AEPC

Production Linked Incentive scheme for man-made fibre and the creation of seven mega textile parks in the country will help increase production and exports of the sector, AEPC said on Wednesday.

PLI scheme can generate Rs 35-40 tn incremental revenue in 5 yrs: Report

PLI scheme that seeks to push domestic manufacturing in as many as 14 sectors has the potential to generate additional revenue worth Rs 35-40 lakh crore over the next five years, a report said.

PLI to drive capex in industrial sectors by 40-45 % in FY22: CRISIL report

India's GDP growth to be at 11 per cent in fiscal 2022, says report predicting two-phase economic recovery

Big bets on PLI schemes to find pot of gold at the end of the rainbow

The govt is going all out to push its ambitious production-linked investment scheme to help Indian manufacturing scale up and make India an export hub

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Explained: How the PLI scheme works for laptops, tablets and mobile devices

The second part of a report on the productivity-linked incentive scheme examines anomalies for makers of laptops, tablets and mobile devices

Manufacturing to get $520-billion PLI push in next 5 years: PM Modi

Says govt aims to do away with more than 6,000 compliance requirements

Govt mulls launching PLI scheme for chemical sector to boost manufacturing

The government is considering launching a production linked incentive (PLI) scheme in the chemical sector to boost domestic manufacturing and exports. Addressing a webinar on 'Implementation Strategy of Budget Announcement 2021-22', Chemicals and Fertilisers Minister D V Sadananda Gowda on Friday said the government is working on a consultative approach in forming the policies for India's chemicals and petrochemicals sector. The webinar was organised by the Department of Chemicals & Petrochemicals and FICCI. "Implementations of the Budget announcements cannot be done only by the government. "We should take our industry in confidence so that implementations can start from first week of April. The challenge for the government is to now match the suggestions of the industry with the implementation part, he was quoted as saying in a FICCI statement. Gowda said the Budget has provided a boost to the Indian pharmaceutical sector. The big push for the pharma sector is being seen as an .

Top headlines: PM Modi praises PLI scheme; Mamata to contest from Nandigram

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