PLI Scheme

The Union Cabinet granted approvals to two key schemes: the Mobile Phone Manufacturing Scheme with an outlay of ₹62,500 crore, and ISM 2.0 with a budgeted outlay of ₹1.3 trillion.

Centre invites global bids for 10 GWh ACC battery manufacturing under the PLI scheme to boost grid-scale energy storage and strengthen domestic production

Ather, Euler Motors, River Mobility, Matter and Raptee urge the government to extend PLI benefits to new-age EV firms, citing investments, exports and manufacturing growth

ARAI has dropped its two-rate forex proposal for FY27 DVA calculations under the auto PLI scheme after automakers flagged audit, compliance and paperwork concerns

India remains the world's fastest-growing major economy despite a challenging global environment, and sustaining high growth will require continued reforms, investments and execution, HUL Chairman Nitin Paranjpe said on Tuesday. Addressing shareholders at the 93rd AGM, India has demonstrated "structural resilience" at a time when global economies are grappling with geopolitical conflicts, climate volatility, tightening financial conditions and shifting consumer behaviour. "While growth expectations have moderated, India continues to be the fastest-growing major economy," he said. India's long-term growth prospects are supported by "three drivers", which are favourable demographics, digital public infrastructure and a proactive policy environment. According to Paranjpe, India's young population can become a force multiplier for consumption, productivity and innovation, while the country's digital public infrastructure has created a unique foundation for commerce, credit and financia

As many as 96 companies have been selected under the third round of the Production Linked Incentive (PLI) scheme for textiles with a total investment commitment of Rs 12,822.67 crore, the government said on Wednesday. The textile ministry said 22 new applicants have been cleared in the latest meet under the Round-3 of the Production Linked Incentive (PLI) Scheme for Textiles. The 22 newly approved companies are expected to bring in a total investment of Rs 2,339.14 crore, generate a projected turnover of Rs 15,561.34 crore in notified products, and create 36,217 employment opportunities across the textile value chain. "A total of 96 companies have been selected under Round-3 of the scheme with a total committed investment of Rs 12,822.67 crore and a projected turnover of Rs 58,294.18 crore," an official statement said. The approved applicants span key focus segments of the PLI Scheme, including Man-Made Fibre (MMF) Apparel, MMF Fabrics and Technical Textiles, thereby further ...

Every major industrial power has relied on long-duration strategic capital. If India insists on pure market competition, the playing field will remain inherently asymmetric

India plans a new support scheme for bulk drugs focused on R&D and capacity creation, while ruling out a broad medicine price hike despite rising input costs

To qualify under the ₹25,938 crore auto PLI scheme, a vehicle model's import content must be restricted to 50 per cent, meaning less than half of its value (in rupee terms) can be imported

The testing agency has eased domestic value addition certification norms for export models after automakers argued that additional paperwork increased compliance burdens

Automakers flag new export certification rules under the PLI scheme, saying added compliance burdens risk undermining ease-of-doing-business goals

Four institutional initiatives could materially accelerate the investment surge needed for the next phase of growth

New global trade reports highlight that technological capability and regulatory compliance - not just tariffs - are becoming the key drivers of trade competitiveness

Dixon Technologies expects export growth, speciality EMS expansion and the proposed Vivo joint venture to support earnings amid margin pressures and weak demand

The ministry is in discussions with the finance ministry to introduce incentives for domestic polysilicon production, aiming to reduce import dependence and build a fully integrated solar manufacturin

Government reviews DVA violations under PLI schemes as firms struggle with localisation targets, highlighting gaps in supply chains and innovation capacity

The government will expand the coverage of the Rs 10,683-crore production-linked incentive (PLI) scheme for textiles covering man-made fibre (MMF) apparel, fabrics, and technical textiles, Union minister Giriraj Singh said on Tuesday. The addition of products to the list of eligible items for receiving the government's financial support will support industry, enhance ease of doing business, encourage fresh investments in the sector and accelerate growth in the textiles sector. It underscores the Narendra Modi-led government's focus on fostering employment and driving India's leadership in the global textile market. Singh told PTI that the government will "certainly expand" the coverage under PLI textiles for product categories. The minister was speaking after an interaction with representatives from Indian Footwear Industries here. He observed that times have changed as earlier there was no emphasis on technical textiles but now under Prime Minister Narendra Modi-led government a P

The production-linked incentive scheme for large-scale electronics manufacturing, due to end on March 31, has propelled India as the second-largest smartphone maker in the world. What's its future?

Based on preliminary estimates with the government, the production value in FY26 is estimated to hit ₹227,000 cr, which is an increase of more than 24% over the previous financial year's ₹183,000 cr

Finance ministry cuts MeitY's FY27 allocation by 17% due to underspending in PLI, semiconductor and AI Mission schemes, with panel flagging concerns over fund utilisation