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Production-Linked Incentive News

Production-Linked Incentive

07 Mar 2022

PLI: Govt reopens application window for AC, LED lights

The Cabinet had on April 7, 2021 given approval for the PLI scheme for white goods for manufacture of components and sub-assemblies of ACs and LED lights. The scheme is to be implemented over a seven-year period, from 2021-22 to 2028-29. The total outlay is Rs 6,238 crore and 42 applicants have committed investments of Rs 4,614 crore, so there is still over Rs 1,600 crore in the reserves.

11 Apr 2021

DoT likely to issue guidelines for telecom PLI within week

Telecom gear makers firms such as Ericsson and Nokia are keen to expand their operations in India, and global companies like Samsung, Cisco, Ciena and Foxconn have "shown interest" to set up manufacturing bases in the country for telecom and networking products for domestic and export markets. The DoT notified the PLI scheme for telecom and networking products on February 24, 2021, with a financial outlay of Rs 12,195 crore, over five years. The scheme for telecom gear manufacturing in India is expected to encourage the production of equipment worth Rs 2.44 lakh crore and create direct and indirect employment for about 40,000 people.

Atmanirbhar Bharat

11 Nov 2020

Atmanirbhar Bharat! Cabinet approves PLI scheme to 10 key sectors

PLI scheme to be implemented by the concerned ministries. Scheme to be within the overall financial limits prescribed. Any new sector for PLI will require fresh approval of the Cabinet.

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