Page 8 - Pli Scheme

HOP Electric to establish 60-acre EV park in Neemrana: CEO Mehta

Company will raise money for the project by taking debt and through equity sale, he says

Central government to help domestic solar industry after sharp duty hike

The government may provide direct incentives to the producers of solar modules as it believes that tax cuts may lead to practical difficulties

Ahead of festive season, credit offtake remains strong in July 2022

Reserve Bank of India (RBI) data showed that credit to industry grew 10.5 per cent in July 2022 against a mere 0.4 per cent in July 2021

32 cos submit applications for design-led incentive scheme of telecom

As many as 32 companies have submitted applications for Design-led Incentive Scheme (DLI) and Production Linked Incentive (PLI) scheme of telecom, according to an official release. The Design-led Incentive scheme has received an "enthusiastic response" from telecom equipment manufacturers, it said. "A total of 32 companies...have submitted applications. 17 of these 32 companies have applied as Design-led manufacturers and remaining as Production linked manufacturers," the statement said but did not give the names of applicants. Production Linked Incentive scheme in telecom sector was launched in 2021. A total of 31 companies are existing beneficiary for manufacturing of various telecom equipment under the said scheme. Moreover, in order to promote the entire value-chain in telecom manufacturing, design-led PLI was launched in June 2022. It provided additional incentive of 1 per cent over and above the existing incentives for products that are designed in India. The application wi

India on the verge of capex recovery in coming years: Prabhudas Lilladher

The FY23 budget has increased the capex plans of the Centre by 10.6 per cent to Rs 12.2 trillion

Firms rev up plans to build massive battery storage capacity to power EVs

The capacities committed will come from companies eligible for PLI as well as other players; the largest capacity currently from a single company would be 20 GWh

Govt extends deadline for PLI applications for specialty steel for 5th time

The government has for the fifth time extended the deadline to submit applications under the production-linked incentive scheme for specialty steel till September 15

Drone sales turnover soars 3.6 times to Rs 319 cr in 2021-22 on PLI policy

But a comparison with global data suggests that India still lags the industry's international peers in terms of funding

Meity looks to tweak the PLI scheme for top IT hardware companies

In its first year, the PLI scheme for IT hardware did not perform according to expectations

Centre extends design-led telecom PLI scheme application date in 5G era

In a bid to build a strong ecosystem for 5G in the country after a successful 5G spectrum auction, the govt extended the last date for submission of applications under the design-led scheme

Ashok Leyland Q1 profit at Rs 68 cr Q1 on strong volumes vs year-ago loss

The company is planning to invest Rs 750 crore in each of the next two years and is in the final round of talks to raise funds for its EV arm Switch Mobility

No proposal to include toy industry under PLI scheme, says govt

The government has been providing all-around support to the domestic toy industry to make them more competitive

Ola Electric to locally make battery cells under Centre's PLI scheme

Ola Electric is investing about $500 million for setting up its battery innovation centre (BIC) in Bengaluru

5 PSUs to set up manufacturing units to increase coal gasification capacity

Coal ministry proposes PLI for ammonium nitrate to raise volumes and price competitiveness

Compensation to blame: Amendments to strengthen law on industrial accidents

Proposed amendments to the Public Liability Insurance Act may end the high level of non-compliance among companies

PLI will spur white goods sector to compete globally, help it scale: Goyal

Minister says 61 companies had set up component plants in 14 states and UTs. They are expected to invest about Rs 6,632 crore and create 46,368 direct job opportunities

Top Headlines: India's 1st tribal prez, Apple's vendors create 30K jobs

Fielded by NDA, Murmu got more than 70 per cent of the votes cast, and at least 20 opposition votes, winning the election by a massive margin

Apple's vendors create 30,000 new jobs under PLI scheme in India

Achieve 25% of the target of generating 120,000 new jobs under PLI scheme in just over a year

Indian phonemakers served notices by Customs, get Rs 20,000 cr tax bill

Before September 2020, there was no import duty on such panels, but from October 1, 2020, an import duty of 10% is levied under the Centre's phased manufacturing programme

Govt releases list of 23 beneficiaries under PLI scheme for drones

The list released by the Ministry of Civil Aviation includes 12 drone manufacturers and 11 drone component manufacturers