Page 13 - Pli Scheme

Green energy firms get Supreme Court nod to use area around GIB habitat

The SC, in April 2021, said the priority habitat area of GIB will remain out of bounds for any construction.

We need to accelerate India's growth at 9-10% over next 3 decades: Kant

Discussing India's anticipated growth, Kant suggested transitioning people from agriculture to manufacturing-led smart cities to create better-quality jobs and foster economic development

Apple makes iPhones worth Rs 1 trillion in FY24; exceeds PLI target

It has also exceeded its target for the third year in which the eligibility for incentives were pegged at a maximum of Rs 75,000 crore for the three vendors

PLI schemes will get India get investments in chip manufacturing: US

Visiting US Assistant Secretary for Commerce calls for ecosystem that encourages startups in both countries to collaborate

Mobile phone manufacturing jumps 21 times to Rs 4.1 trn in 10 yrs: ICEA

Mobile phone manufacturing in value terms jumped 21-fold to Rs 4.1 lakh crore in India in the last 10 years as government policy measures like PLI played a critical role in attracting global players to boost local production, industry body ICEA said in a statement. India now produces 97 per cent of its total mobile phone demand locally and 30 per cent of the total production in financial year 2024 is meant for export, the India Cellular and Electronics Association said. "Mobile phone production surged from Rs 18,900 crore in 2014-15 to an estimated Rs 4,10,000 crore in FY'24, registering an increase of 2000 per cent. In 2014-15, mobile phone exports from India were a mere Rs 1,556 crore. The industry expects to end FY24 with an estimated export of Rs 1,20,000 crore. This would mean a 7500 per cent increase in exports over a decade," ICEA said. According to a note on manufacturing, in the field of smartphones, Apple and Samsung, have played a crucial role in boosting mobile phone ...

PLI: Propelling India towards 'atmanirbhar' future in pharma and meditech

The PLI schemes in the pharma-meditech sectors have been a resounding success, and they've heralded a new era for the Indian industry

Tata Motors, M&M, Ola Electric to get double benefit of auto PLI, FAME

These three firms were receiving subsidies under the ongoing Faster Adoption & Manufacturing of Electric Vehicles in India (FAME India) scheme, valid till this month

'Two-thirds of greenfield units under PLI for bulk drugs completed'

Union Minister of Chemical and Fertilisers Mansukh Mandaviya on Saturday inaugurated 40 greenfield facilities to manufacture bulk drugs and medical devices under the PLI scheme

ICAT awards its first PLI Automotive Certificate to Ola Electric Tech

Automotive testing agency International Centre for Automotive Technology on Monday awarded the PLI-Automotive Certificate to Ola Electric Technologies under the production-linked incentive (PLI) scheme. "Ola Electric's Battery Electric Vehicle - 2W (Ola S1 Pro Gen2) met the criteria of minimum DVA (domestic value addition) of 50 per cent for the Automotive PLI certificate, demonstrating their commitment to the indigenisation of advanced automotive technology products," International Centre for Automotive Technology (ICAT) said. Ola S1 Pro (Gen2) two-wheeler, which has been on-road since September 2023, will now be able to avail incentives under the PLI scheme from the date of issuance of the certificate, a senior Ola Electric official said. "With this certificate, which has gone through a process of due diligence, OLA will now be entitled to a Production Linked Incentive (PLI) payable by the Ministry of Heavy Industries," ICAT Director Saurabh Dalela told PTI. ICAT, Manesar, is one

'Panel to examine auto firms' requests for more incentives under PLI'

A government-formed panel will examine requests from auto manufacturers seeking quarterly incentive payouts and inclusion of more components under the production-linked incentive scheme, according to an official on Monday. "This year, the incentive (under Auto PLI) will be given annually but a committee has been formed in the ministry that will look into the requests of OEMs (Original Equipment Manufacturers). "One of the requests is that certain (Advanced Automotive Technology) AAT components be included. We have only 103 components," Additional Secretary in the Ministry of Heavy Industries Hanif Qureshi said. In January, Union Heavy Industries Minister Mahendra Nath Pandey told PTI that the government constituted a committee to examine the auto industry's demand for including more components in the PLI scheme for automobile and auto components. The committee will be chaired by an Additional Secretary in the Ministry of Heavy Industries and will have 11 members, including those fr

Foxconn, Apple, Samsung to receive Rs 4,400 cr under smartphone PLI scheme

The PLI scheme has boosted mobile phone exports for India, reaching $10.5 billion between April and December 2023

Can India build a local electronics supply chain free from Chinese firms?

The good news is that the government is now willing to reassess its policy, as it starts discussions with stakeholders for a new PLI scheme specifically for electronic compon­ents

Toyota Kirloskar Auto Parts now eligible to avail incentives under PLI

The product has also met the testing criteria of AAT, and is certified by the Automotive Research Association of India (ARAI), the company stated

Space leasing for light manufacturing activities rises 23% in 2023: C&W

Leasing of industrial space for light manufacturing activities rose 23 per cent last year to 15.9 million square feet across eight major cities due to favourable government policies, according to Cushman & Wakefield. The leasing of industrial space stood at 12.91 million square feet in the calendar year 2022. Real estate consultant Cushman & Wakefield (C&W) on Thursday released its annual Logistics and Industrial report (L&I) report, which showed that Pune and Chennai accounted for 53 per cent and 24 per cent of the total leasing of industrial space in 2023 across eight major cities. "The growth in industrial leasing indicates that manufacturing is on an uptrend on the back of healthy capacity utilization, implementation of business plans by domestic firms and incentivization of investments by multinationals through favourable government policies such as the multi-sector PLI scheme," the consultant said. Industrial sheds available for lease primarily cater to light ...

L&T ramps up green hydrogen play, plans launch of electrolysers in Sept

During the first phase, L&T looks to supply electrolysers to a mix of Indian procurers and foreign markets, with a 70:30 ratio, Shah said

TMS Ep 630: Centre vs states, PLI scheme, small-caps, bullet train #TMS

Do states have a case against the Centre on fiscal transfers? How can India rejig the PLI scheme? Is there more room for downside in small-caps? What are the key features of the bullet train corridor?

Battery capacity lowered due to electric vehicle target scale-down

The government has earmarked Rs 250 crore for incentives under the PLI scheme for batteries in FY24-FY25

Supply chain delays impact investment in speciality steel PLI: Govt

Investments in the steel sector have a long gestation period and depend on the procurement of various equipment. Often some of these equipment are sourced from abroad.

Deeper reforms

PLI alone will not bring in investment

PLI scheme's progress slows in key sectors, affecting manufacturing goals

Even as the investment exceeded the government's estimate in the previous financial year, progress was not uniform across all schemes