Page 15 - Pli Scheme

PLI schemes attracted over Rs 95,000 cr investment till Sep 2023: Centre

The production-linked incentive (PLI) schemes for 14 sectors have attracted over Rs 95,000 crore in investment till September this year, an official statement said on Tuesday. According to the Commerce and Industry Ministry, as many as 746 applications have been approved till November 2023 under these schemes. In the Union Budget 2021-22, the government announced an outlay of Rs 1.97 lakh crore for the schemes. The sectors included electronics, telecommunication, pharma, white goods (AC and LED light components), and textiles. The aim is to enhance India's manufacturing capabilities and exports. "746 applications have been approved till November 2023. PLI units are established in more than 150 districts (24 states). Over Rs 95,000 crore of investment reported till September, which has led to production/sales of Rs 7.80 lakh crore and employment generation (direct & indirect) of over 6.4 lakh," the ministry said. It added that incentives worth around Rs 2,900 crore have been ...

Shrinking market share, govt pressure trouble Chinese smartphone makers

Chinese smartphone brands are fast losing market share in Europe, North America, and Japan. On the other hand, Apple and Samsung have grown as people increasingly prefer premium devices

Govt cleared 746 PLI applications till November for different sectors

As many as 746 applications have been approved till November 2023 under the Production Linked Incentive (PLI) schemes for 14 sectors such as pharma, white goods, and electronics, an official statement said on Tuesday. The schemes for 14 sectors were announced with an outlay of Rs 1.97 lakh crore to enhance India's manufacturing capabilities and exports. The commerce and industry ministry said that beneficiary companies have set up units in more than 150 districts (24 states) and over Rs 95,000 crore of investment has been reported till September, which has led to production/sales of Rs 7.80 lakh crore and employment generation of over 6.4 lakh. "746 applications have been approved till November 2023... Incentives worth around Rs 2,900 crores have been disbursed in 2022-23. There has been a value addition of 20 per cent in mobile manufacturing within a period of 3 years," the statement said. It added that of the USD 101 billion worth of total electronics production in 2022-23, ...

Smartphone maker Vivo India reports net profit of Rs 211 crore in FY23

Vivo India has reported profits at a time when the overall smartphone industry has seen a 10% decline in shipments

Here's how govt's PLI scheme is fuelling Dixon Technologies' global dreams

The pace of activity will only increase. Last week Dixon won a similar contract from Lenovo, the Chinese personal computer maker and the third largest information technology hardware brand in India

Smaller towns turn big market for Apple, account for 60% of iPhone sales

Earlier, tier-1 cities accounted for 65-70% of Apple's sales, however, this has changed in the last few years

Centre gets bids for green hydrogen, electrolyser production incentives

In July, India invited pilot bids under its $2 billion programme to incentivise production of green hydrogen and manufacturing of electrolysers

Motorola working to double its exports with focus on North American market

Motorola exported more than 1 million units of smartphones from India in 2022. These were manufactured locally by the contract manufacturer, Dixon Technologies

How will Apple, the poster boy of Make in India, deal with end of PLI?

To get more scale than envisaged and nearly double the value addition, Apple's vendors will need to replicate the model of Chinese mega-factories in India

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