"pli"

The government launched the third round of the Production Linked Incentive (PLI) scheme for speciality steel to attract fresh investments and boost domestic manufacturing. The Rs 6,322 crore scheme aims to make India a global hub for advanced steel production

The Department of Telecommunications (DoT) notified the PLI scheme on February 24, 2021 to boost domestic manufacturing of telecom and networking products in India with an outlay of Rs 12,195 crore.

Elevate Production Linked Incentive scheme into a full-blown Industrial Policy 2.0, enabling industrial ecosystem.

Hyderabad: Faridabad-based Netweb Technologies, a server manufacturer, which has been selected amongst 14 applicants under the PLI scheme for the manufacturing of IT hardware products, is looking to manufacture motherboards and other hardware products in India. To support its R&D further, the company will set up an innovation lab in Hyderabad in the next 2-3 […]

The Ministry of Electronics and IT has cleared 16 proposals from domestic and international companies entailing investment of Rs 11,000 crore.

Scheme to lead to net savings of Rs 2 lakh crores-Rs 2.5 lakh crores on account of oil import bill reduction

To promote exports of textiles products, RSWM Ltd Chairman and MD Riju Jhunjhunwala suggested the government to come up with an export scheme like DEPB (duty entitlement passbook scheme) in different forms.

The government introduced the PLI scheme to encourage an incentive-led model for manufacturing, attracting advanced technologies, bringing in economies of scale and meeting quality standards.

In a statement, ICEA that represents mobile and component manufacturers such as Apple, Motorola, Nokia, Foxconn, Wistron, Flextronics, Lava, Vivo and others, said that it would promote newer and niche cell technologies in the country.

The proposal aims to achieve manufacturing of 50 gigawatts of battery storage.

We believe that government interference in everything creates more problems rather than solutions. That is why we are emphasising on self-regulation, self-attesting, self-certification, he said.

While it is desirable to be optimistic about growth, the Survey must have openly acknowledged the problem areas

The companies include iPhone maker Apple's contract manufacturers Foxconn Hon Hai, Wistron, and Pegatron, apart from Samsung and Rising Star.

The med-tech sector in India is in its growth phase and there is a huge space for growth in this sector in India, said S Aparna

India became the second largest mobile manufacturing country in 2017.

Fitch Solutions Country Risk and Industry Research noted that some of the operational risks present in the country would still remain a challenge for many investors despite the incentive

Accordingly, the scheme is expected to attract foreign players, boost production, increase exports and generate employment in the country