New Delhi: India and Vietnam are gaining the most from the China plus one strategy, which is also expected to unlock new growth opportunities for Asian economies, according to Nomura. India’s exports will likely surge to $835 billion by 2030 from $431 billion in 2023 with its large domestic market helping attract firms looking for … Read more
New Delhi: The Centre may earmark half of the incentives it plans to offer to bidders under the advanced chemistry cell (ACC) performance-linked incentive (PLI) programme to support manufacturing of grid energy storage batteries, said officials. They said 10 Gigawatt hours (GWh) of the 20 GWh ACC battery PLI incentives being rebid will be for … Read more
Jupiter Wagons shares hit the 5% upper circuit and a 52-week high of Rs 271.4 in Wednesday’s trade as the government is planning to introduce a production-linked incentive (PLI) scheme for train component makers as part of its efforts to attract foreign manufacturing firms and reduce dependence on imports, people aware of the matter said. … Read more
Mumbai: Automakers that have qualified for the Rs 25,938 crore production-linked incentive (PLI) scheme for the sector have flagged problems with the calculation of local value addition. That’s making it difficult for them to get certificates of compliance for the scheme, said people aware of the matter. A minimum 50% domestic value addition (DVA) is … Read more
The benefits under the production-linked incentive (PLI) scheme are yielding positive results and there is an intention to roll out these support measures for more labour-intensive sectors such as toys, leather and footwear, a top government official said on Wednesday. The government provides financial incentives under the PLI scheme to as many as 14 sectors … Read more
India’s production-linked incentive (PLI) scheme has attracted investment worth over Rs 45,000 crore and has also created three lakh jobs, according to NITI Aayog CEO Parameswaran Iyer. “The PLI programme has already started showing results. About Rs 800 core have already been paid by way of incentives. We are expecting (incentives) to go close to … Read more
The government is likely to extend fiscal incentives for the production of toys, bicycles and leather and footwear in the forthcoming budget as it looks to expand production linked incentive (PLI) scheme to cover more high-employment potential sectors, sources said. The government has already rolled out the scheme with an outlay of about Rs 2 … Read more
India has done well among emerging market economies in terms of attracting foreign direct investment (FDI), according to a domestic rating agency. However, the India Ratings and Research agency added that the foreign investors continue to chase bets in the services sector in India despite the Narendra Modi government’s high-octane push to boost manufacturing through … Read more
The government is expecting an investment of Rs 34,090 crore under the PLI scheme for large-scale electronics manufacturing, mainly mobile phones and electronic components, by 2025, Parliament was informed on Friday. The government has approved proposals of 20 companies under the Scheme for Promotion of Manufacturing of Electronic Components and Semiconductors (SPECS), including that of … Read more
The budget allocated to SMEs also is very miniscule with only Rs 1600 Crore in the PLI-I scheme Domestic pharmaceutical Small And Medium Enterprises (SMEs) which manufacture bulk drugs or Active Pharmaceutical Ingredients (APIs) have raised concern that Central Government has given more than 71% share to top few companies and only 11% share to … Read more