Modi on Friday said PLI scheme, which is aimed at boosting domestic manufacturing and exports, is expected to increase the country's production by $520 billion in the next five years
The recently announced PLI scheme for the telecom sector extended the incentives to MSMEs.
The scheme to boost manufacturing in India has set ambitious targets that industry says are unachievable. A look at the programmes announced so far explains why
Top executives from telecom, electronics, food processing, pharmaceuticals, steel, and textiles will interact with the PM on Friday via video conferencing
The government will soon come out with detailed scheme to offer production linked incentive (PLI) to automobile and auto components industry
16 schemes from equal numbers of companies have been approved to boost local production, value addition and, consequently, export of mobile phones.
Among individual stocks, Lupin zoomed 3.4 per cent in the intra-day trade and hit a high of Rs 1,060, Sun Pharmaceuticals advanced 2 per cent, and Dr Reddy's Labs gained 1.7 per cent.
Lenovo India has said it would like to increase its laptop-making capacity by 10x at its Puducherry plant and also manufacture tablets
Telecom gear makers will need to achieve at least 3 times higher value in sales compared to the investment they are required to make in their plant, other than land and building
B R Sikri, chairman of the Federation of Pharma Entrepreneurs, said, higher incentives would have meant more production of cancer drugs, thereby, bringing down their prices
Pharma scheme aims at Rs 3 trillion incremental sales, 100,000 jobs; experts say hardware scheme to help India become electronics manufacturing hub for the world
The union cabinet approved production-linked incentive scheme for IT hardware products; NSE suffered an outage earlier in the day due to technical glitches
Cabinet clears Production Linked Incentive scheme to boost manufacturing of laptops, tablets, PCs, servers, says Union Minister Ravi Shankar Prasad
Total imports from China at $58.7 billion were more than India's combined purchases from the US and the UAE
Under the PLI scheme, companies will enjoy a 4-6 per cent incentive annually across five years on their production value in India, provided they make incremental investments
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The PLI scheme for telecom gear will lead to an incremental production of around Rs 2.4 trillion, with exports of around Rs 2 trillion in the next five years
Scheme on telecom products will be implemented from April 1
Industry body COAI lauded the move saying telecom is the backbone of a digitally-connected India and the initiative will further boost local manufacturing and create job opportunities
Prime Minister Narendra Modi said on Wednesday that the Union Cabinet's approval to a production-linked incentive (PLI) scheme will make India a telecom manufacturing hub