Production Linked Incentive News - Latest Updates & Headlines
India's electronic manufacturing and export to see robust growth with new components policy: Report
New Delhi, April 10: With the new electronic components manufacturing policy "in place", India's electronic manufacturing will see a value addition of 40 to 50 per cent from the current 15-16 per cent, said a report by Axis Capital."We expect value addition to increase to 40/ 50 per cent from the current 15/ 16 per cent, with a components policy now in place". said the report
WTO experts underscore key insights on trade policy and industrial policy linkages
New Delhi, March 6: The role of Production Linked Incentive (PLI) schemes in enhancing manufacturing competitiveness, India's green transition, and inclusive sustainability took center stage at an international conference organized by the Centre for Trade and Investment Law (CTIL).
PM Modi assures consistency in policies along with reforms to boost inclusive growth
New Delhi, March 4: Prime Minister Narendra Modi said that MSMEs play a transformative role in the economic growth of India. Government is committed to nurturing and strengthening this sector, during his virtual address at the Post Budget Webinar 2025 on Tuesday.
PLI success, robust exports, job growth: BJP busts Congress claim on manufacturing sector
New Delhi, Feb 8: Slamming the Congress Party's claim on slow manufacturing sector growth under the NDA regime, the BJP has said that it is actually the other way round and from 2009 to 2014, the average growth rate of the manufacturing sector was at a meagre 5.6 per cent and the sector even backtracked in 2013-14, declining by 0.7 per cent as compared to 2012-13.
Specialty steel companies committed investment worth Rs 27,106 crore under PLI
New Delhi, February 8: Specialty steel companies have committed to an investment worth Rs 27,106 crore so far, and of which Rs 18,848 crore has been achieved till December, 2024, MoS Steel Bhupathiraju Srinivasa Varma informed Rajya Sabha in a written reply.
Companies have committed investment of Rs 27,106 crore under PLI scheme for specialty steel, says Union Minister
New Delhi, February 7: Production Linked Incentive (PLI) Scheme for specialty steel was launched with the objective of attracting investment to boost the production of value-added steel in the country and participating companies committed to an investment of Rs. 27,106 crore out of which Rs.18,848 crore has been achieved till December, 2024, the government informed Parliament on Friday.
MoS for Steel and Heavy Industries highlights benefits under second round of PLI scheme
New Delhi, February 7: Minister of State for Steel and Heavy Industries, Bhupathiraju Srinivasa Varma informed the Rajya Sabha on Friday that multiple steps have been taken to ensure wider participation in the second round of Production Linked Incentive (PLI) scheme for specialty steel.
India's 2nd phase of electronic manufacturing EMS 2.0 aligns with its vision of becoming a global hub: Report
New Delhi, January 28: India is set to advance into the second phase of its electronics manufacturing journey, known as Electronics Manufacturing Services (EMS) 2.0, which will focus on the actual manufacturing of electronic components, according to a report by Phillip Capital.
Extending PLI scheme, uniform GST rate key to boost medical devices market: SBI
New Delhi, Jan 25: Extending the Production Linked Incentive (PLI) scheme and charting a uniform GST rate can be crucial to help boost the medical devices market in India, said a report from the State Bank of India (SBI), ahead of the Union Budget 2025.
PLI booster: Smartphones now rank 2nd in exports, says Ashwini Vaishnaw
New Delhi, Jan 23: Union Minister for Railways and Electronics and IT, Ashwini Vaishnaw, said on Thursday that smartphones now rank second in India's exports from 14th position just four years ago.
Centre disbursed Rs 964 crore to electronics sector under PLI scheme in H1 of 2024-25
New Delhi, Jan 22: The Centre disbursed close to Rs 1,600 crore under the Production-Linked Incentive (PLI) scheme in the first half of 2024-25 with the large-scale electronics manufacturing sector getting the biggest chunk of Rs 964 crore, a senior official confirmed on Wednesday.
Semicon India scheme to create 85,000 jobs: Centre
New Delhi, Jan 21: In the run-up to the Union Budget 2025-26 to be presented on February 1, the Union Finance Ministry on Tuesday highlighted the achievements of the government's policies in pushing up investments and employment through the semiconductor programme and the PLI scheme for electronic goods manufacturing.
Finance Ministry highlights Rs 1.52 lakh cr investment, 85,000 jobs under Semicon India Programme
New Delhi, January 20: As the Union Budget 2025-26 nears, the Ministry of Finance has highlighted the significant Union Budget announcements, particularly focusing on the development of the semiconductor and electronics manufacturing ecosystem.
24 companies to invest Rs 3,516 crore under PLI scheme for ACs and LED lights
New Delhi, Jan 20: With as many as 24 beneficiary companies committing an investment of Rs 3,516 crore in the third round, the government's production-linked incentive (PLI) scheme is poised to significantly boost the production of components of ACs and LED lights across India, according to a Commerce and Industry Ministry statement on Monday.
24 Companies selected under PLI Scheme for White Goods with investment of Rs 3,516 cr
New Delhi, January 20: The Production-Linked Incentive (PLI) Scheme for White Goods has received a significant boost with a total of 24 beneficiaries committing investments of Rs3,516 crore during its third round of applications, as announced by the Ministry of Commerce and Industry.
Union Minister Ashwini Vaishnaw inaugurates Syrma SGS's laptop assembly line in Chennai
Chennai, January 10: In a significant boost to India's electronics manufacturing sector, Union Minister of Electronics and Information Technology, Railways and Information and Broadcasting Ashwini Vaishnaw, inaugurated Syrma SGS's new state-of-the-art laptop assembly line in Tamil Nadu's Chennai on Friday.
Centre to launch PLI scheme 1.1 for boosting steel manufacturing tomorrow
New Delhi, Jan 5: Union Minister of Steel and Heavy Industries H.D. Kumaraswamy will launch ‘PLI scheme 1.1’ for the steel industry and call for applications at an event scheduled to be held at Vigyan Bhavan in the national capital on Monday.
HD Kumaraswamy to launch 'PLI scheme 1.1' for steel industry on January 6
New Delhi, January 5: Union Minister of Steel and Heavy Industries HD Kumaraswamy will launch 'PLI scheme 1.1' for the steel industry, the Ministry of Steel said in a release on Sunday. Applications for the scheme will be invited during an event scheduled at Hall No. 1, Vigyan Bhavan, Maulana Azad Road, New Delhi, on January 6, 2025, the release added.