Production-linked Incentive Pli Scheme
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iPhone Production in India Reaches $10 Billion Milestone With PLI Scheme, Says IT Minister
Apple’s iPhone production in India hit the $10 billion (roughly Rs. 84,000 crore) freight-on-board (FoB) value between the months of April and October of FY25, IT Minister Ashwini Vaishnaw revealed, citing a report, on Monday. This translates into a growth of 37 percent compared to the same period in FY24, courtesy of the government’s productio...
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India Needs Improved Renewables Transmission Capacity, Says Power Secretary
India needs to explore the need for a production-linked incentive (PLI) scheme to improve its renewable energy transmission capacity, power secretary Pankaj Agarwal said at an event on Monday.
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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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Indian Government Met Foxconn, Samsung Electronics, Others to Discuss PLI Scheme
The Indian government met large global firms such as Foxconn, Samsung Electronics and Reliance Industries to find ways to boost manufacturing in the country with its production-linked incentive (PLI) scheme. The meeting, addressed by India's Trade Minister Piyush Goyal on Tuesday, comes amid concerns that some of the businesses were facing delays i...
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"False Figures": Minister Slams Raghuram Rajan's Central Scheme Criticism
Terming former RBI governor Raghuram Rajan as a repeat offender, Union Minister Rajeev Chandrasekhar on Thursday issued a word-by-word rebuttal of his criticism of the production-linked incentive scheme for mobile phone manufacturing.
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Foxconn India, Padget Electronics Sops Under Production-Linked Incentive Scheme Approved by Government
Foxconn Hon Hai Technology India Mega Development and homegrown firm Padget Electronics will receive incentives from the government under the production-linked incentive (PLI) scheme for the manufacturing of smartphones in India. The government has approved incentives for the foreign and domestic firm, according to a statement from Niti Aayog relea...
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Centre Says Private Players Can Use Drones for Delivery Purposes Under Drone Rules 2021
Government has mentioned in a written reply to Rajya Sabha that private players in the country are free to use drones for delivery purposes subject to compliance with Drone Rules, 2021. MoS for Civil Aviation, General VK Singh (Retd), said that last year in September, the government notified the Production-Linked Incentive (PLI) scheme to promote t...
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India's PLI Schemes Reduced Dependency on Mobile Imports by 33 Percent in FY22: Report
India's phased manufacturing programme and the production-linked incentive scheme have helped to cut mobile imports by 33 percent in fiscal 2022, while local production was pushed up by around 26 percent during the year, says Crisil report. India reportedly has negligible share (under 1 percent) in global supplies
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DoT Launches Scheme for Design-Led Manufacturers, Extends PLI Scheme Duration for 5G Ecosystem
The Department of Telecom has launched an incentive design-led scheme. It has also and extended the duration of the Rs. 12,195 crore production-linked incentive (PLI) scheme by a year, an official statement said on Monday. The application window for the new scheme will open from June 21 till July 20. The incentives will be given from the Rs. 4,000 ...
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Electric Two-Wheeler Makers Welcome PLI Scheme For Auto Sector
Several two-wheeler manufacturers have welcomed the government's announcement to introduce production-linked incentives (PLI) for the auto sector.
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PLI Scheme For White Goods To Strengthen Aatmanirbhar Bharat Movement: PM Modi
Prime Minister Narendra Modi on Wednesday said the production-linked incentive scheme for white goods (air-conditioners and LED lights) is yet another initiative that will strengthen the movement to create an "Aatmanirbhar Bharat" (self-reliant India
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Production-Linked Incentive In Key Sectors Will Boost Economy: Amit Shah
Union Home Minister Amit Shah on Wednesday said the union cabinet's approval to introduce the Production-Linked Incentive (PLI) Scheme in 10 key sectors will give the right impetus to the Indian economy and is aimed at promoting job creation.
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Apple Suppliers Foxconn, Wistron, Pegatron Said to Commit $900 Million to India Smartphone Incentive Plan
Three of Apple's top contract manufacturers plan to invest a total of almost $900 million (roughly Rs. 6,630 crores) in India in the next five years to tap into a new production-linked incentive plan, according to two sources familiar with the matter.
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iPhone Production in India Reaches $10 Billion Milestone With PLI Scheme, Says IT Minister
Apple’s iPhone production in India hit the $10 billion (roughly Rs. 84,000 crore) freight-on-board (FoB) value between the months of April and October of FY25, IT Minister Ashwini Vaishnaw revealed, citing a report, on Monday. This translates into a growth of 37 percent compared to the same period in FY24, courtesy of the government’s productio...
-
India Needs Improved Renewables Transmission Capacity, Says Power Secretary
India needs to explore the need for a production-linked incentive (PLI) scheme to improve its renewable energy transmission capacity, power secretary Pankaj Agarwal said at an event on Monday.
-
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.
-
Indian Government Met Foxconn, Samsung Electronics, Others to Discuss PLI Scheme
The Indian government met large global firms such as Foxconn, Samsung Electronics and Reliance Industries to find ways to boost manufacturing in the country with its production-linked incentive (PLI) scheme. The meeting, addressed by India's Trade Minister Piyush Goyal on Tuesday, comes amid concerns that some of the businesses were facing delays i...
-
"False Figures": Minister Slams Raghuram Rajan's Central Scheme Criticism
Terming former RBI governor Raghuram Rajan as a repeat offender, Union Minister Rajeev Chandrasekhar on Thursday issued a word-by-word rebuttal of his criticism of the production-linked incentive scheme for mobile phone manufacturing.
-
Foxconn India, Padget Electronics Sops Under Production-Linked Incentive Scheme Approved by Government
Foxconn Hon Hai Technology India Mega Development and homegrown firm Padget Electronics will receive incentives from the government under the production-linked incentive (PLI) scheme for the manufacturing of smartphones in India. The government has approved incentives for the foreign and domestic firm, according to a statement from Niti Aayog relea...
-
Centre Says Private Players Can Use Drones for Delivery Purposes Under Drone Rules 2021
Government has mentioned in a written reply to Rajya Sabha that private players in the country are free to use drones for delivery purposes subject to compliance with Drone Rules, 2021. MoS for Civil Aviation, General VK Singh (Retd), said that last year in September, the government notified the Production-Linked Incentive (PLI) scheme to promote t...
-
India's PLI Schemes Reduced Dependency on Mobile Imports by 33 Percent in FY22: Report
India's phased manufacturing programme and the production-linked incentive scheme have helped to cut mobile imports by 33 percent in fiscal 2022, while local production was pushed up by around 26 percent during the year, says Crisil report. India reportedly has negligible share (under 1 percent) in global supplies
-
DoT Launches Scheme for Design-Led Manufacturers, Extends PLI Scheme Duration for 5G Ecosystem
The Department of Telecom has launched an incentive design-led scheme. It has also and extended the duration of the Rs. 12,195 crore production-linked incentive (PLI) scheme by a year, an official statement said on Monday. The application window for the new scheme will open from June 21 till July 20. The incentives will be given from the Rs. 4,000 ...
-
Electric Two-Wheeler Makers Welcome PLI Scheme For Auto Sector
Several two-wheeler manufacturers have welcomed the government's announcement to introduce production-linked incentives (PLI) for the auto sector.
-
PLI Scheme For White Goods To Strengthen Aatmanirbhar Bharat Movement: PM Modi
Prime Minister Narendra Modi on Wednesday said the production-linked incentive scheme for white goods (air-conditioners and LED lights) is yet another initiative that will strengthen the movement to create an "Aatmanirbhar Bharat" (self-reliant India
-
Production-Linked Incentive In Key Sectors Will Boost Economy: Amit Shah
Union Home Minister Amit Shah on Wednesday said the union cabinet's approval to introduce the Production-Linked Incentive (PLI) Scheme in 10 key sectors will give the right impetus to the Indian economy and is aimed at promoting job creation.
-
Apple Suppliers Foxconn, Wistron, Pegatron Said to Commit $900 Million to India Smartphone Incentive Plan
Three of Apple's top contract manufacturers plan to invest a total of almost $900 million (roughly Rs. 6,630 crores) in India in the next five years to tap into a new production-linked incentive plan, according to two sources familiar with the matter.
