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Production linked incentives

22 May 2022

Centre receives 10 applications for PLI Scheme for specialty steel

Initially, March 29 was the last date for manufacturers to apply for the benefits under the PLI scheme. The official said "the ministry is yet to come out with the modified scheme."

Production linked incentives

11 Mar 2022

Centre invites applications from drone industry for Rs 120 crore PLI scheme

The scheme seeks to provide a total incentive of Rs 120 crore for the manufacturing of drones in India. The funds will be disbursed over the next three financial years. The PLI rate is 20 per cent of the value addition, one of the highest among PLI schemes.

Production linked incentives

25 Feb 2022

Ministry mulling PLI scheme for chemical sector: Mansukh Mandaviya

The minister said the government has launched PLI schemes for different sectors to make Indian self-reliant. He said the objective is to ensure that all core chemicals are manufactured in India for domestic as well as global markets.

16 Feb 2022

Vivo to invest Rs 3,500 crore in India by 2023, plans to export mobiles

Danish told PTI that the investment is part of the Rs 7,500-crore commitment that the company made for India. He said that the company has already invested Rs 1,900 crore from total till 2021.

PLI Scheme for Textiles

28 Jan 2022

PLI scheme for textiles: Centre extends deadline for applications till Feb 14

Under the scheme, FY 2024-25 will be considered as the first performance year. This is subject to the entities achieving a minimum of Rs 600 crore turnover by the first performance year. The scheme will be in operation from September 24, 2021 to March 31, 2030.

Prime Minister Narendra Modi

15 Dec 2021

Cabinet's nod to PLI for semiconductor will encourage innovation: PM Modi

PM Modi said that the decision will encourage research and innovation in the sector. He added that the move also boost manufacturing, strengthening the 'Aatmanirbhar Bharat' programme.

Production linked incentives

09 Dec 2021

Centre approves 8 companies under PLI scheme for manufacturing medical devices

The approvals were given during the ninth meeting of the empowered committee held on November 25. The committee considered all the applications as per the scheme guidelines. The commercial production of these plants is projected to commence from April 1, 2023, onwards.

15 Sep 2021

Cabinet approves Rs 26,000 crore PLI scheme to bolster auto sector

The PLI package comes as a major relief for automakers. The scheme will aim to bolster the manufacturing of electric vehicles and hydrogen fuel vehicles in the county.

10 Sep 2021

PLI scheme for textile industry: Here’s all you need to know

The Central government will offer incentives worth Rs 10,683 crore to firms The scheme is also aimed at attracting fresh investments in the textile sector. The Centre is aiming to attract investments to the tune of Rs 19,000 crore in the coming years.

08 Sep 2021

Centre approves Rs 10,683 PLI scheme for textile, hikes MSP for wheat, mustard

Union Minister Anurag Thakur said that the Rs 10,683 crore PLI scheme will boost domestic manufacturing and exports. The budgetary outlay of the scheme is Rs 10,683 crore. The Cabinet has also increased the minimum support price (MSP) for wheat by Rs 40 and for mustard seeds by Rs 400.

Production linked incentives

12 May 2021

Govt approves Rs 18,100 cr PLI scheme for promoting ACC battery manufacturing

Minister Prakash Javadekar told reporters after the Cabinet meeting. The proposal aims to achieve a manufacturing capacity of 50 Gigawatt Hour of ACC and 5 GWh of niche ACC, he said. It will promote green growth and use local products like copper and bauxite to a large extent, he added.

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