Manufacturing Incentive
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Cabinet Approves Rs 1.07 Lakh Crore Scheme To Enhance Job Creation
The government on Tuesday approved an Employment Linked Incentive scheme with an outlay of Rs 1.07 lakh crore to support job generation, enhance employability and social security across all sectors, with special focus on the manufacturing sector.
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Government Said to Expand EV Manufacturing Incentives After Tesla Disappointment
India plans to expand electric vehicle incentives to automakers building models at existing factories. India's EV policy, which is still being finalised, was originally designed to encourage Tesla to enter the market and manufacture locally but the US automaker backed off from those plans earlier this year.
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Indian Government to Offer Up to $5 Billion in Incentives for Electronics Production, Weaning Off China
India will offer up to $5 billion in incentives to companies to make components locally for gadgets from mobiles to laptops, two government officials said, in a bid to bolster the burgeoning industry and wean off supplies from China.
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India's Manufacturing Incentives Progress Amid Efforts to Cut China Imports
Since 2020, India's cash incentives to boost domestic manufacturing have attracted over $17 billion (roughly Rs. 1,42,279 crore) of investment. The scheme, which offers four to six percent cash incentives on incremental sales to manufacturers, was launched across 14 sectors including electronics, pharmaceuticals, textiles and white goods.
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Asus Still at Learning Stage for Manufacturing in India: Peter Chang
On the back of the Indian government’s revamped production-linked incentive (PLI) scheme promising an outlay of Rs. 17,000 crore for IT hardware, Asus set up a new manufacturing unit in Chennai last year. It’s early days, but Asus aims to ramp up local production in the coming years.
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27 Companies Approved Under PLI Scheme For IT Hardware, Says Minister
Union Minister Ashwini Vaishnaw, announced a significant milestone in India's IT hardware sector, stating that 27 companies have received approval under the Production Linked Incentive Scheme (PLI) within a short timeframe.
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Laptop, PC Import: Deadline Ends, Here's What Government Will Do Now
This marks a significant shift from the government's previous decision to require licenses for importing these products.
-
Samsung to Start Laptop Production at Greater Noida Smartphone Factory Next Month: Report
Samsung Electronics has been making a push towards local manufacturing in India, producing its robust lineup of smartphones in the country. Now, the South Korean technology conglomerate seems intent on making laptops in India, too. Samsung reportedly plans to start laptop production, giving a push to the centre’s Make in India scheme.
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India Plans $2 Billion In Incentives For New Manufacturing Sectors: Report
India is planning to offer incentives of up to Rs 18,000 Crore ($2.2 billion) to spur local manufacturing in six new sectors including chemicals, shipping containers and inputs for vaccines, two government officials said.
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India Second Largest Phone Maker With 2 Billion 'Made in India' Shipments Between 2014 and 2022: Counterpoint
India's mobile phone manufacturing industry produced over 2 billion mobile phones cumulatively between 2014 and 2022, making it the second-largest mobile manufacturing country in the world, according to Counterpoint Research. This growth can likely be attributed to a number of factors, including the government's Make in India initiative, growing in...
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Government Restricts Laptop, Tablet and PC Imports With Immediate Effect in Bid to Push Local Manufacturing
Imports of laptops, PCs and tablets have been restricted by the government with immediate effect, a notice said on Thursday. The government is looking to boost local manufacturing and has also extended the deadline for companies to apply for its $2 billion manufacturing incentive scheme.
-
Vedanta Chairman Says Their $5 Billion Made-in-India Chip Will Be Ready in 2.5 Years
Vedanta group chairman Anil Agarwal on Friday said that the first phase of its semiconductor project will involve a $5 billion (roughly Rs. 41,300 crore) investment of the overall $20-billion (roughly Rs. 1,64,500 crore) outlay, and the venture will be ready with made-in-India chip in two and a half years.
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India To Do In 10 Years What China Couldn't In 30: Centre On Semiconductors
India is on track to becoming a key player in the global semiconductor supply chain in the next decade with USD 10 billion of incentives and assistance provided to encourage local chip manufacturing, Union Minister Rajeev Chandrasekhar said today.
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7 Electric Two-Wheeler Makers To Pay Rs 469 Crore For Violating Centre's Norms
The Centre has sought Rs469crorefrom seven electric two-wheeler makers, including Hero Electric and Okinawa for claiming incentives while not complying with the Faster Adoption and Manufacturing of Electric Vehicles (FAME) II scheme norms.
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iPhone Assembler Foxconn in Talks With TSMC and TMH to Set Up Semiconductor Fabrication Units in India: Report
Foxconn is in talks with Taiwan Semiconductor Manufacturing Company (TSMC) and Japan's TMH Group for technology and joint venture partnerships to start semiconductor fabrication units in India, the Economic Times reported on Friday.
-
Cabinet Approves Rs 1.07 Lakh Crore Scheme To Enhance Job Creation
The government on Tuesday approved an Employment Linked Incentive scheme with an outlay of Rs 1.07 lakh crore to support job generation, enhance employability and social security across all sectors, with special focus on the manufacturing sector.
-
Government Said to Expand EV Manufacturing Incentives After Tesla Disappointment
India plans to expand electric vehicle incentives to automakers building models at existing factories. India's EV policy, which is still being finalised, was originally designed to encourage Tesla to enter the market and manufacture locally but the US automaker backed off from those plans earlier this year.
-
Indian Government to Offer Up to $5 Billion in Incentives for Electronics Production, Weaning Off China
India will offer up to $5 billion in incentives to companies to make components locally for gadgets from mobiles to laptops, two government officials said, in a bid to bolster the burgeoning industry and wean off supplies from China.
-
India's Manufacturing Incentives Progress Amid Efforts to Cut China Imports
Since 2020, India's cash incentives to boost domestic manufacturing have attracted over $17 billion (roughly Rs. 1,42,279 crore) of investment. The scheme, which offers four to six percent cash incentives on incremental sales to manufacturers, was launched across 14 sectors including electronics, pharmaceuticals, textiles and white goods.
-
Asus Still at Learning Stage for Manufacturing in India: Peter Chang
On the back of the Indian government’s revamped production-linked incentive (PLI) scheme promising an outlay of Rs. 17,000 crore for IT hardware, Asus set up a new manufacturing unit in Chennai last year. It’s early days, but Asus aims to ramp up local production in the coming years.
-
27 Companies Approved Under PLI Scheme For IT Hardware, Says Minister
Union Minister Ashwini Vaishnaw, announced a significant milestone in India's IT hardware sector, stating that 27 companies have received approval under the Production Linked Incentive Scheme (PLI) within a short timeframe.
-
Laptop, PC Import: Deadline Ends, Here's What Government Will Do Now
This marks a significant shift from the government's previous decision to require licenses for importing these products.
-
Samsung to Start Laptop Production at Greater Noida Smartphone Factory Next Month: Report
Samsung Electronics has been making a push towards local manufacturing in India, producing its robust lineup of smartphones in the country. Now, the South Korean technology conglomerate seems intent on making laptops in India, too. Samsung reportedly plans to start laptop production, giving a push to the centre’s Make in India scheme.
-
India Plans $2 Billion In Incentives For New Manufacturing Sectors: Report
India is planning to offer incentives of up to Rs 18,000 Crore ($2.2 billion) to spur local manufacturing in six new sectors including chemicals, shipping containers and inputs for vaccines, two government officials said.
-
India Second Largest Phone Maker With 2 Billion 'Made in India' Shipments Between 2014 and 2022: Counterpoint
India's mobile phone manufacturing industry produced over 2 billion mobile phones cumulatively between 2014 and 2022, making it the second-largest mobile manufacturing country in the world, according to Counterpoint Research. This growth can likely be attributed to a number of factors, including the government's Make in India initiative, growing in...
-
Government Restricts Laptop, Tablet and PC Imports With Immediate Effect in Bid to Push Local Manufacturing
Imports of laptops, PCs and tablets have been restricted by the government with immediate effect, a notice said on Thursday. The government is looking to boost local manufacturing and has also extended the deadline for companies to apply for its $2 billion manufacturing incentive scheme.
-
Vedanta Chairman Says Their $5 Billion Made-in-India Chip Will Be Ready in 2.5 Years
Vedanta group chairman Anil Agarwal on Friday said that the first phase of its semiconductor project will involve a $5 billion (roughly Rs. 41,300 crore) investment of the overall $20-billion (roughly Rs. 1,64,500 crore) outlay, and the venture will be ready with made-in-India chip in two and a half years.
-
India To Do In 10 Years What China Couldn't In 30: Centre On Semiconductors
India is on track to becoming a key player in the global semiconductor supply chain in the next decade with USD 10 billion of incentives and assistance provided to encourage local chip manufacturing, Union Minister Rajeev Chandrasekhar said today.
-
7 Electric Two-Wheeler Makers To Pay Rs 469 Crore For Violating Centre's Norms
The Centre has sought Rs469crorefrom seven electric two-wheeler makers, including Hero Electric and Okinawa for claiming incentives while not complying with the Faster Adoption and Manufacturing of Electric Vehicles (FAME) II scheme norms.
-
iPhone Assembler Foxconn in Talks With TSMC and TMH to Set Up Semiconductor Fabrication Units in India: Report
Foxconn is in talks with Taiwan Semiconductor Manufacturing Company (TSMC) and Japan's TMH Group for technology and joint venture partnerships to start semiconductor fabrication units in India, the Economic Times reported on Friday.
