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Government schemes to propel domestic EV manufacturing
The adoption of electric vehicles in India has surged, particularly in the two-wheeler and three-wheeler segments, following the government's decision to extend the EMPS subsidy until September 30. Read more
FDI in manufacturing reaches $165 billion; 69% growth over last decade
This sector surge is largely driven by production-linked incentive (PLI) schemes.Read more
No PLI proposals for shipping container manufacturing; GOI
The PLI scheme, which was introduced in 2021, supports 14 sectors, including telecommunications, textiles, medical devices, automobiles, and more, with a total budget of Rs 1.97 trillion.Read more
Govt reopens application window for PLI scheme for AC & LED light manufacturing
This application period will run from July 15, 2024, to October 12, 2024, in response to increased industry interest.Read more
Govt to extend easy visa rules to all companies in PLI sectors
The PLI scheme covers sectors such as mobile phones, drones, white goods, telecom, textiles, automobiles, and pharmaceutical drugs.Read more
Component PLI top ask of electronic firms for upcoming Budget
The industry body has also asked for a Rs 400-450 billion package for the components ecosystem, extended over six-seven years.Read more
PLI railway push for local manufacturing of components for Vande Bharat & LHB
The PLI scheme is for a three-year period, with projected incentives of Rs 10-15 billion.Read more
Under PLI scheme at least six of eight sectors to switch to quarterly disbursals
DPIIT is planning to hold the next stakeholder review after the budget announcement for 2024-25.Read more
How to build India’s global manufacturing capabilities?
The Indian manufacturing sector stands at a critical juncture, with several opportunities arising from global shifts and local initiatives. But to take advantage of this evolving market, Indian manufacturers have to raise their global competitiveness, says Rakesh Rao.Read more
Manufacturing Agenda for Modi 3.0
As Prime Minister Narendra Modi assumes office for the third term, his immediate priority will be to step up GDP growth and job creation. While the coalition government may not be able to take progressive reforms, the industry expects continuity in the policy process, says Rakesh Rao. But, will it be enough to change the manufacturing sector’s fortunes?Read more
