Manufacturing Incentive

Nowadays, there's not much incentive for setting new speed records apart from bragging rights. But, manufacturers still go all guns blazing to break thresholds just to claim that they have the fastest car in the world.

India is building the world's most extensive public digital infrastructure and is also working on incentives for companies to help set up semiconductor manufacturing units, Modi said.

The move is part of a broader $2.4 billion incentive program to boost battery manufacturing for which the government has begun inviting investment proposals from companies.

Union Minister for Heavy Industries Mahendra Nath Pandey on Wednesday said India would become a manufacturing hub

The cabinet has finally approved a Production Linked Incentive (PLI) scheme of nearly Rs. 26,000 crore for the auto sector. The scheme is mainly to boost manufacturing of electric and fuel cell vehicles. While OEMs are welcoming the move, industry experts believe this might not be enough.

India's cabinet on Wednesday approved an incentive scheme for the automobile sector aimed at boosting production of electric and hydrogen fuel-powered vehicles and promoting the manufacture of drones.

Several two-wheeler manufacturers have welcomed the government's announcement to introduce production-linked incentives (PLI) for the auto sector.

The Union Cabinet on Wednesday approved a Rs 26,058 crore production linked incentive (PLI) scheme for auto, auto-components and drone industries to enhance India's manufacturing capabilities, Union Minister Anurag Thakur said on Wednesday.

India will give about $3.5 billion (roughly Rs. 25,735 cores) in incentives to auto companies over a five-year period under a revised scheme to boost the manufacturing and export of clean technology vehicles, two sources aware of the latest proposal told Reuters.

The government approved the production-linked incentive (PLI) scheme worth Rs 10,683 crore for the textiles sector on Wednesday, September 8, in order to boost domestic manufacturing and exports

The government's original plan was to give about Rs. 58,861 crore to automakers and part manufacturers to promote mainly petrol technology, with added benefits for EVs. The scheme was redrawn to focus on companies that build electric and hydrogen fuel-powered vehicles.

The Centre is ready to take a fresh look at lowering import duty and providing other incentives for the EV maker if the brand agrees to manufacture its cars in the country.

India 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.

The government has appointed the Indian Renewable Energy Development Agency as the implementing agency for the scheme, said the Ministry of New and Renewable Energy

The government has approved the Production Linked Incentive (PLI) scheme for manufacturing advanced chemistry cell (ACC) battery at an estimated outlay of Rs 18,100 crore. The objective not only promotes the Make in India initiative but also is an attempt to bring down the price of the battery pack which is used in cars, thereby helping carmakers m...

Nowadays, there's not much incentive for setting new speed records apart from bragging rights. But, manufacturers still go all guns blazing to break thresholds just to claim that they have the fastest car in the world.

India is building the world's most extensive public digital infrastructure and is also working on incentives for companies to help set up semiconductor manufacturing units, Modi said.

The move is part of a broader $2.4 billion incentive program to boost battery manufacturing for which the government has begun inviting investment proposals from companies.

Union Minister for Heavy Industries Mahendra Nath Pandey on Wednesday said India would become a manufacturing hub

The cabinet has finally approved a Production Linked Incentive (PLI) scheme of nearly Rs. 26,000 crore for the auto sector. The scheme is mainly to boost manufacturing of electric and fuel cell vehicles. While OEMs are welcoming the move, industry experts believe this might not be enough.

India's cabinet on Wednesday approved an incentive scheme for the automobile sector aimed at boosting production of electric and hydrogen fuel-powered vehicles and promoting the manufacture of drones.

Several two-wheeler manufacturers have welcomed the government's announcement to introduce production-linked incentives (PLI) for the auto sector.

The Union Cabinet on Wednesday approved a Rs 26,058 crore production linked incentive (PLI) scheme for auto, auto-components and drone industries to enhance India's manufacturing capabilities, Union Minister Anurag Thakur said on Wednesday.

India will give about $3.5 billion (roughly Rs. 25,735 cores) in incentives to auto companies over a five-year period under a revised scheme to boost the manufacturing and export of clean technology vehicles, two sources aware of the latest proposal told Reuters.

The government approved the production-linked incentive (PLI) scheme worth Rs 10,683 crore for the textiles sector on Wednesday, September 8, in order to boost domestic manufacturing and exports

The government's original plan was to give about Rs. 58,861 crore to automakers and part manufacturers to promote mainly petrol technology, with added benefits for EVs. The scheme was redrawn to focus on companies that build electric and hydrogen fuel-powered vehicles.

The Centre is ready to take a fresh look at lowering import duty and providing other incentives for the EV maker if the brand agrees to manufacture its cars in the country.

India 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.

The government has appointed the Indian Renewable Energy Development Agency as the implementing agency for the scheme, said the Ministry of New and Renewable Energy

The government has approved the Production Linked Incentive (PLI) scheme for manufacturing advanced chemistry cell (ACC) battery at an estimated outlay of Rs 18,100 crore. The objective not only promotes the Make in India initiative but also is an attempt to bring down the price of the battery pack which is used in cars, thereby helping carmakers m...