Page 13 - Pli Scheme

'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

Remaking PLI: Can a revamp of the scheme plug the gaps and speed things up

PLI is Prime Minister Narendra Modi's dream scheme to transform India into a manufacturing hub for the world

China shadow on flagship PLI for domestic manufacturing of solar equipment

Majority PLI winners list Chinese vendors for setting up solar equipment manufacturing

No delay in disbursal of sops under PLI scheme for white goods: DPIIT

Applications of certain companies for claiming incentives under the production linked incentive (PLI) scheme for the white goods (AC and LED lights) are under examination and there is no delay in disbursement, an official statement said on Wednesday. The Department for Promotion of Industry and Internal Trade (DPIIT) said that investors were given the option to choose one of the two gestation period - up to March 2022 (one year) and up to March 2023 (two years). All 15 projects -- companies which have opted for gestation period 2021-22 -- have been commissioned. "Companies opting for one year of gestation period are eligible for PLI in the current year (2023-24) based on achieving the threshold investment and net incremental sales in 2022-23. Their online applications are under examination by the PMA (project management agency). The PLI will be disbursed by March 2024. There is no delay in PLI disbursement under the scheme," it said. The scheme has attracted a mix of multinational

Mobile PLI: Only the long-game matters

Rather than solely focusing on boosting exports, India should aim to become a global supplier of key components

Claim payout delays put PLI scheme's nodal agencies under scrutiny

NITI Aayog to monitor project management agencies, ministries to ensure speedier claim settlement

Nearly Rs 41,000 crore unspent from govt's Rs 1.97 trillion PLI fund

This means that 80 per cent of the total allocated amount or Rs 1.56 lakh crore will be used to pay incentives to companies eligible to claim benefits over the next few years

Govt nearly doubles PLI scheme share of five key industry segments

Amount raised from Rs 8,405 cr in RE of FY24 to Rs 15,198 cr

Govt, industry discuss ways for successful implementation of PLI schemes

Senior government officials and industry players have discussed ways to enhance collaborations and create a clear action plan for successful implementation of PLI schemes, an official statement said on Sunday. Around 1,200 delegates including beneficiary companies under the PLI (production linked incentive) scheme for 14 sectors and officials met on February 3 to discuss and chart out the strategy for effective and seamless implementation of these schemes, the commerce and industry ministry said. Officials from ministries and departments, including NITI Aayog, electronics, IT, telecommunications, heavy industries, renewable energy, and pharmaceuticals, participated in the discussions. The opening session was followed by two interactive sessions covering all the 14 sectors, with the objective of exploring areas of collaboration between the government and industry champions and creating a clear action plan for successful implementation of PLI Schemes. "The opening session was followe

GTRI suggests criteria to simplify granting incentives under PLI schemes

Economic think tank GTRI has flagged the slow progress in disbursement of sops under production-linked incentive (PLI) schemes and suggested the government to simplify the criteria so as to expedite grant of incentives and push domestic manufacturing. The Rs 4,415 crore disbursement is only 2.25 per cent of the total outlay of Rs 1.97 lakh crore of incentives over five years under the PLI schemes announced in 2020, the Global Trade Research Initiative (GTRI) said on Sunday. "This slow fund spend is unsurprising, considering that setting up greenfield or new manufacturing operations takes time," it said. "PLI criteria for various sectors include thresholds on investments, production, sales, degree of localization, inputs used and many more. Manufacturers may not be able to tick on all boxes," GTRI Co-Founder Ajay Srivastava said. Citing an example, he said in one of the cases, the government suspected the invoice value and disallowed the incentive of a few hundred crore. "In most .