Cabinet approves PLI Scheme for Air Conditioners & LED Lights

Different segments have been earmarked for different types of components separately to specifically target global investments into desired areas. Read more...

Centre gives nod to Rs 4500 cr PLI scheme for Solar PV modules

The scheme aims to create additional 10,000 MW capacity of integrated solar PV manufacturing plants. It is expected to drive direct investment of around Rs 17,200 crore in solar PV manufacturing. Read more...

PLI scheme to benefit Indian MSMEs: PM Narendra Modi

Production worth about $ 520 billion is estimated in the next five years in India only through the Production-Linked Incentives (PLI) scheme with the entire ecosystem associated with the sector benefiting from the scheme, said the Prime Minister Read more...

Time to invest and build capacity

As per the data released recently, the manufacturing and construction sectors grew by 1.6 per cent and 7.7 per cent, respectively, during the December quarter. However, core sector data showed growth in eight infrastructure sectors slowing down to 0.1 per cent in January from 0.2 per cent in the previous month. Read more...

PLI scheme for bulk drugs and medical devices receives 243 applications

Production Linked Incentive (PLI) Scheme for bulk drugs and medical devices, which closed on 30 November 2020, received 215 and 28 applications from manufacturers of bulk drugs and medical devices respectively Read more...

FIEO welcomes govt. approval on PLI Scheme to attract FDI

Apart from boosting MSME sector, the Scheme will further help in enhancing the skill sets generating employment opportunities across the country during such challenging and tiring times. Read more...

IESA lauds new PLI Scheme allocating Rs 18, 100 cr for Advanced Chemistry Cell

IESA has been actively working in this space for the past three years, collating information from industry players (IESA member companies) and submitting inputs on the discussion for Advanced Battery Manufacturing in India. Read more...

FM announces Rs 2.65 trn stimulus under Aatmanirbhar Bharat 3.0 to boost growth

Emergency Credit Line Guarantee Scheme for MSMEs, businesses, MUDRA borrowers and individuals extended till March 31, 2021 and additional credit up to 20%. Provides Rs 30 billion to boost project exports and Rs 102 billion additional budget stimulus for capital and industrial expenditure. Read more...

Govt extends PLI Scheme to 10 new sectors with incentives of Rs 1460 bn

10 sectors eligible for Production-Linked Incentive (PLI) Scheme are ACC batteries, electronics/technology products, automobiles & auto components, pharmaceutical drugs, telecom & networking products, textile products, food products, solar PV modules, ACs & LED, and speciality steel Read more...

Syrma Technology and SGS Tekniks merge to create Rs 10 bn electronics firm

The merged entity - named Syrma SGS Technologies Pvt Ltd - will become one of the leading companies in electronic manufacturing services (EMS) field having eight manufacturing facilities in India. Read more...

Blue Star wins Rs 1.28 billion order from Taiwan’s electronic firm Wistron

Wistron Infocomm, which has been producing electronic devices at its existing factory at Kolar (Bengaluru), has embarked upon its Phase II expansion as a part of which, it is constructing a large manufacturing block and an IT building. Read more...

Extend PLI scheme to MSMEs to boost electronic manufacturing in India: Study

According to a research study of MVIRDC World Trade Center Mumbai, government should reduce the investment limit under the PLI scheme for select electronic components to Rs 200 million from Rs 1,000 million to allow MSMEs to participate in this scheme. Read more...

Pharma MSMEs demands to expedite implementation of PTUAS

The recently announced PLI scheme is a good move towards making Indian pharma industry self-reliant. However, PTUAS does not have any investment restriction therefore it will benefit all the players. MSMEs through various bodies have recommended changes in the existing criteria of PTUAS. Read more...

PLI Scheme to herald a new era in electronic manufacturing: Ravi Shankar Prasad

Production Linked Incentive Scheme (PLI) for Large Scale Electronics Manufacturing, notified on April 1, 2020, has evoked good response from global as well as domestic mobile phone manufacturing companies and electronic components makers. Production of Rs. 10.5 lakh crore and Exports of Rs. 6.5 lakh crore expected over next 5 years. Read more...

India’s PLI Scheme draws Rs. 11.5 trillion FDI for manufacturing in India

While we get clarity on whether the government chooses to battle the retrospective tax against the order given by the Supreme Court in favour of the struggling Vodafone, India’s PLI scheme has made great headway in attracting FDI for manufacturing in India. Read more...