Government may announce PLI scheme for more sectors in Budget

Government may announce PLI scheme for more sectors in Budget

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 Selects 4 Global Firms to Boost IT Products Manufacturing

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India on Thursday named Dell, Wistron’s ICT, Flex,and Foxconn’s Rising Stars as its choice of global companies in a $1 billion (roughly Rs. 7,470 crore) incentive plan to produce and boost exports of laptops, tablets and personal computers. Ten Indian companies were also selected, including smartphone maker Lava and Dixon, which makes TVs for Xiaomi in India, … Read more

India Approves Rs. 7,350-Crore PLI Plan to Boost IT Product Exports

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India approved a Rs. 7,350-crore plan to boost local manufacturing and exports of IT products such as laptops, tablets, personal computers, and servers, the technology minister said. The production-linked incentive (PLI) plan will help India export IT goods worth Rs. 2,45,000 crore, minister Ravi Shankar Prasad told a news conference. It provides manufacturers cash-backs of … Read more

We are a peaceful state, Wistron’s incident one-off incident: BS Yediyurappa, Chief Minister, Karnataka

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Karnataka chief minister BS Yediyurappa has responded swiftly to the recent labour riot at Wistron’s facility in Kolar that manufactures iPhones for Apple, to limit any damage to his state’s image in the eyes of foreign investors. In a chat with ET, Yediyurappa calls the attack on Wistron’s plant an “unfortunate, one-off” incident and says … Read more

Employer liability on wages to be fixed in the final rules under labour code

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The labour ministry has reached out to India Inc to ascertain its view on the elements that need to be incorporated in the final rules. Synopsis Liability with regard to statutory dues including minimum wages, overtime, bonus, provident fund, insurance and gratuity could be spelt out explicitly in the final set of rules likely to … Read more

Yediyurappa assures support to restart production at iPhone plant, says PM worried about violence

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Bengaluru: Prime Minister Narendra Modi is “very much worried” about the recent violence at the Wistron‘s iPhone manufacturing plant in Karnataka, Chief Minister B S Yediyurappa said on Thursday, as he assured his government’s full support to the company for restarting production. The government has given necessary instructions and such things would not be repeated, … Read more

Apple suppliers’ exodus from China won’t slow down under Joe Biden

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The splintering of the global tech supply chain that began during President Donald Trump’s watch looks set to persist under his successor. Apple Inc., the largest of the many tech giants that rely on Chinese factories to make their gadgets, will move some production of its iPads and MacBooks to Vietnam. Key assembly partner Hon … Read more

Big booster: Govt panel clears $100-billion mobile export proposals from global manufacturers

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New Delhi: Applications by iPhone contract makers Foxconn, Pegatron and Wistron as well as Samsung, Karbonn, Lava and Dixon to export mobile phones worth around $100 billion from India have been cleared by the empowered group, said people with knowledge of the matter. “The empowered committee has approved all applications estimated to export around $100 … Read more