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PLI News

18 Nov 2023

India Grants Incentives For Dell, HP, Foxconn To Make IT Hardware Locally

The country is offering cash-backs to manufacturers on sales of locally made goods that exceed an annual target. The scheme is key to India's ambitions to become a powerhouse in the global electronics supply chain, with the country targeting an annual output worth $300 billion by 2026.

16 Oct 2022

Govt considering proposals for extending Rs 35,000 cr PLI scheme

PLI (production linked incentive) benefits are also being considered for toys, some chemicals and shipping containers. The objective of the scheme is to make domestic manufacturing globally competitive and create global champions in manufacturing.

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.

Production linked incentive

15 Dec 2021

Cabinet approves Rs 76,000-crore PLI scheme for semiconductor manufactures

He said that the scheme envisages an investment of Rs 76,000 crore in semiconductor production. The promised sum will be rolled out in a duration of 5-6 years. Currently, the world is faced with a semiconductor shortage.

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.

16 Sep 2021

Sensex rises 150 points to hit fresh record, Nifty above 17,560

The 30-share index settled 476.11 points or 0.82 per cent higher at 58,723.20. The Cabinet also approved a revised Rs 25,938 crore production-linked incentive (PLI) scheme. The Union Cabinet on Wednesday approved a big-bang relief package for the stressed telecom sector.

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.

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