Page 15 - Pli Scheme

China play in PLI 2.0: Dixon wins deal to make laptops for Lenovo

Dixon, a player in the electronics manufacturing services space, has won the contract through Padget Electronics, a fully-owned subsidiary

Pvt investment to pick up from second half of FY24: CII President R Dinesh

'Headwinds are majorly all macro-economic and global issues. The larger challenge is the volatility'

Public procurement for Make in India

Strategic use of government purchases is the need of the hour if India is to achieve manufacturing success

Disbursal of Rs 79 cr under PLI for white goods expected in last quarter

The government is expected to disburse Rs 79 crore fiscal incentives under PLI for white goods in the last quarter of this financial year as certain selected beneficiary firms have started production, a senior official said. The production linked incentive (PLI) scheme on white goods seeks to encourage domestic manufacturing of air conditioners and LED light components. The official also said that the target of Rs 11,000 crore incentive disbursement for different sectors under the scheme during the current fiscal may fall short. "Lot of the disbursement will come in the last fiscal. Lot of projects are in gestation period. In the white goods sector, we are expecting about Rs 79 crore disbursement in the last quarter," the official said. Of the 64 selected beneficiaries of the PLI scheme under the white goods segment, 15 have started production. These 15 beneficiaries had opted for a gestation period of up to March 31, 2022. Rest of the beneficiaries who opted for gestation period o

Daikin to accelerate supply of domestic products, 3rd plant goes on stream

Daikin Airconditioning India Pvt Ltd on Thursday said it is set to accelerate supplies of products manufactured in the country for both domestic and international markets with the commercialisation of its third plant. The company, a wholly-owned arm of Japan's Daikin Industries Ltd said its third integrated air-conditioning and compressor manufacturing facility at Sri City, Andhra Pradesh, has been set up with an investment of Rs 1,000 crore. The new plant spread across 75.5 acres has been set up as part of a PLI scheme and it helps the company leverage on India's manufacturing potential to produce for the world. "We have about 100 production units globally and a customer base in over 170 countries but India holds a special significance. As we expand our manufacturing footprint in India, we re-emphasise the importance of India in Daikin's global vision," Daikin Industries President & CEO Masanori Togawa said in a statement. "The country's dynamic market and skilled workforce align

Govt considers revising PLI scheme for telecom to spur 5G adoption

Rs 1,500 crore sits unutilised as only 20 of the 42 companies met their targets at the end of the financial year in March 2023

Making in India

Policy needs to go beyond PLI

PLI scheme 2.0: Dixon Technologies commits output worth Rs 45K crore

Company also in talks with Lenovo to be their contract manufacturer

Govt may tweak textile PLI scheme to attract more private players

The textiles ministry has sought the Cabinet's approval to add more product lines under the scheme

India weighs changes to improve production incentive schemes: Report

India's trade ministry, which oversees the scheme's implementation, is discussing the changes with other federal departments, they said

Centre to disburse Rs 400 cr to 20 firms under PLI scheme for telecom gear

All of these 20 companies, including Nokia and Jabil, have met their targets under the production-linked incentive scheme for manufacturing telecom goods

Process for streamlining visa approvals for Chinese professionals framed

The government has formulated a standard operating procedure for streamlining visa approvals for Chinese professionals whose expertise is required by vendors under the PLI scheme, an official said on Wednesday. Some players had flagged the visa issue in a stakeholder consultation meeting on the production-linked incentive (PLI) scheme in August. The government at that time stated that it was trying to sort out visa-related matters where vendors require Chinese professionals' expertise. "We have resolved the visa issue in the sense that we have created an SOP (standard operating procedure) for PLI units. For their visas, we have a system under which their visa approvals will be streamlined," the official said. The PLI scheme was announced in 2021 for 14 sectors such as telecommunication, white goods, textiles, manufacturing of medical devices, automobiles, speciality steel, food products, high-efficiency solar PV modules, advanced chemistry cell battery, drones and pharma with an ..

PLI disbursement for white goods expected to start from Q4: DPIIT Secretary

The government is expected to start disbursement of fiscal incentives under PLI for white goods in the last quarter of this financial year as certain selected beneficiary firms have started production, DPIIT Secretary Rajesh Kumar Singh said on Tuesday. The production linked incentive (PLI) scheme on white goods seeks to encourage domestic manufacturing of air conditioners and LED light components. In the last quarter (January-March), we are expecting some disbursements, Singh told reporters on the sidelines of the India Korea Business Partnership Forum meeting here. Of the 64 selected beneficiaries of the PLI scheme, 15 have started production. These 15 beneficiaries had opted for a gestation period of up to March 31, 2022. Rest of the beneficiaries who opted for gestation period of up to March 31, 2023 are at different stages of implementation. The scheme is to be implemented over a seven-year period, from 2021-22 to 2028-29 and has an outlay of Rs 6,238 crore. Singh also said t

Wistron deal: Tata gets global reach, Apple gets to hedge geopolitical bets

The government's target of hitting $52-$58 billion in mobile phone exports in FY26 has been faltering; an Indian corporate group with financial muscle will help

Aurobindo Pharma: Strong prospects offset by valuation concerns

A benign pricing environment in the US and drug shortages are major triggers for the company

Govt identifies 300 initiatives for expansion targets under Maritime Vision

Tax sops for coastal shipping, incentives for PPP, PLI for green shipping on cards

PLI scheme effect? Bulk drug imports from China slow, shows data

Experts say scheme to boost local manufacturing will take 5-7 years to show tangible results

Govt mulling another PLI scheme for batteries to bring down cost: Singh

The government will bring out another production-linked incentive scheme for batteries to bring down cost and boost the adoption of electric vehicles in India, union minister R K Singh said on Monday. Speaking at the EV (electric vehicles) Ready India Dashboard of OMI Foundation, the Union Power and New & Renewable Energy Minister said, "We are coming out with another production-linked incentive (PLI) to increase the volumes (of storage or battery)." He was of the view that the price of storage will come down with (higher) volumes. "Price of storage will come down only if you add volumes. That is why there is a production-linked incentive (PLI) for storage," he said. He pointed towards limited battery manufacturing capacity in the world and termed it as a reason for high prices. The minister opined that higher cost and lower driving range are issues in adopting EVs. The central government had approved the (PLI) scheme for manufacturing advanced chemistry cell (ACC) batteries at an

For Indian solar manufacturers battling Chinese threat, PLI brings hope

The pursuit of market share by Indian solar manufacturers amid Chinese threat is stuck in a dark tunnel. Is PLI the light at the end?

Committee in PLI scheme approves Rs 1,000 cr disbursement to beneficiaries

The Empowered committee in PLI (production-linked incentive) scheme has approved Rs 1,000 crore disbursement to beneficiary firms of the electronics sector, a top government official said. The government disbursed Rs 2,900 crore till March 2023, out of claims worth Rs 3,400 crore received under the scheme, which aims at boosting domestic manufacturing, creating jobs and supporting exports. "In the recent meeting of the committee, Rs 1,000 crore disbursements were approved under the PLI scheme for the electronics sector. Actual disbursement to the beneficiary companies would take a few more days," the official said. This would be the first disbursement of this fiscal. The scheme was announced in 2021, for 14 sectors including large-scale electronic manufacturing, white goods, textiles, manufacturing of medical devices, automobiles, specialty steel, food products, high-efficiency solar PV modules, advanced chemistry cell battery, drones and pharmaceuticals with an outlay of Rs 1.97 l