Page 16 - Pli Scheme

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

Weekly India-UK FTA meets taking place, ironing out differences: Govt

The government is working on an import management system - laptops, tablets, and other IT hardware - and it will come into effect on November 1

Govt mulls subsidising carmakers investing in local EV production

The government plans to extend incentives to carmakers based on the investments they make to manufacture cars locally, an official aware of the development said

Govt to hold off on introducing PLI schemes, evaluates existing initiatives

Launched three years ago with an allocation of Rs 1.97 lakh crore, the PLI scheme aimed to boost domestic manufacturing and draw investments

Govt tweaks PLI white goods scheme norms for simplifying operation

The changes have been made on the basis of various suggestions received from the beneficiaries as well as industry association.

White good PLI beneficiary should obtain cost certificate for sales: DPIIT

Companies selected under the production-linked incentive scheme (PLI) for white goods will have to submit a certificate from a registered cost accountant with regard to related party sales and computation of the arm's length price for availing benefits of the scheme. Making certain changes in the guidelines of the PLI scheme for promoting domestic manufacturing of white goods (air conditioners and LED lights), the Department for Promotion of Industry and Internal Trade (DPIIT) said that the administrative ministry may also visit the manufacturing facilities to review the scheme's progress, and directly solicit feedback from the industry. Based on the requests and suggestions received from various applicants and industry associations and with a view to simplifying the operation of the scheme, the department has made certain revisions to the scheme guidelines issued by the DPIIT on June 4, 2021. According to the department, regarding captive consumption and sales to related party, ...

Telecom cos invest Rs 2,419 crore under PLI scheme till date: Vaishnaw

Investment by telecom companies under the production-linked incentive scheme has crossed the halfway mark of Rs 2,419 crore, resulting in the employment of 17,753 people, Telecom Minister Ashwini Vaishnaw said on Tuesday. The government shortlisted 42 companies in October 2022 that committed a total investment of Rs 4,115 crore and are likely to generate additional sales of Rs 2.45 lakh crore and employ over 44,000 people during the six-year scheme period ending 2025-26. "Today, in the telecom sector, we have crossed a major milestone where PLI-supported companies have already completed an investment of Rs 2,419 crore, where the sales are at Rs 34,516 crore, exports are Rs 7,600 crore, and employment is 17,753. This is a great milestone for the telecom industry," Vaishnaw said. He was speaking during the virtual inauguration of a production line to manufacture 4G and 5G connectivity modules and data cards for US-based Telit Cinterion by domestic firm VVDN. "Very complex manufacturi

We will comply with govt regulations regarding supply restrictions: HP

Apart from this, HP is planning to start the sale of its refurbished devices to expand to smaller towns with affordable products

Centre to hold PLI scheme payouts' crucial mid-year review next week

DPIIT gearing up for mid-year performance review of 14 flagship schemes

PLI good for telecom, need to adjust for others: NITI Member Virmani

Virmani said that industry needs to reach the minimum efficient scale (MES), otherwise they cannot compete by themselves and will need subsidies to compete

Electronics industry body seeks PLI scheme for non-semicondcutor sectors

Electronics industry body ELCINA has requested the government to come up with a production linked incentive scheme for non-semiconductor or computer chips sector which is dominated by imports, a senior official of the organisation said. According to Electronic Industries Association of India (ELCINA) report, total electronic component market in the country was estimated to be around USD 39 billion, of which 68 per cent requirement was met through imports in 2021-22. While speaking at 48th ELCINA Award Ceremony, organisation's new President Atul B Lall said that the government's scheme for devices has been hugely successful and the incentive scheme for semiconductor sector is seeing a lot of traction and some investments have started flowing in. "Our humble submission and perseverance is going to be to do the same for non-semiconductor component sector also. For which we request government's intervention," said Lall, who is Vice Chairman & Managing Director of Dixon ...

Apple absorbs higher costs on 'Made in India' iPhones despite PLI scheme

To push their products in the Indian market, Apple Inc has not passed on to customers the cost of the hefty dealer margins offered to iPhone resellers and distributors

Dixon to make smartphones, other related products for Xiaomi at Noida plant

Dixon has been cleared to receive sops under the PLI scheme for mobile manufacturing and currently makes phones for Reliance Jio, Motorola and Nokia

Commerce Ministry opens applications for registration to import IT hardware

The registration plan comes after the Centre decided to delay the requirement of licenses for such imports

Samsung to start manufacturing laptops in India from next month: Report

The laptops will be made at Samsung's Noida plant, which currently produces mobile phones

Global hardware players in talks with local firms to manufacture under PLI

Last week, IT Minister for state Rajeev Chandrasekhar said that the Centre is aiming to meet up to 70% of the country's IT hardware requirement through local production in the next 3 years

30 out of 40 applicants may qualify for Rs 17k-cr PLI for IT hardware

Around 30 out of 40 applicants are expected to qualify for Rs 17,000-crore production linked incentive scheme for IT hardware, according to a government official. As many as 40 companies, including Dell, HP, and Lenovo, have applied for the IT hardware PLI (production linked incentive) scheme with a commitment to make personal computers, laptops, tablets, servers and other equipment worth Rs 4.65 lakh crore during the scheme period. "Around 30-32 company may qualify for the (IT hardware PLI) scheme. Some are looking ineligible for the scheme due to financial issues and organisation structure issues," the official, who did not wish to be named, said. Against the budgetary allocation of Rs 17,000 crore for the scheme, applicants have projected the incentives to the tune of Rs 22,890 crore. The official said that the selected companies will get incentives well within the fund allocated for the scheme. Major IT hardware companies like Dell and HP are participating directly in the ...

PC, laptop import restrictions: Govt hints at breather; no date for curbs

Laptop, tablet, PC, and small server makers need to register on DGFT platform starting Nov 1

Samsung to receive incentives worth Rs 500 crore under PLI scheme

Samsung Electronics will receive incentives worth Rs 500 crore under the production linked incentive (PLI) scheme for extra production of mobile phones in 2020-21, a senior government official said. The company had claimed a PLI incentive of Rs 900 crore. The claim was filed by the South Korean electronics manufacturer under the Production Linked Incentive scheme for large-scale electronics manufacturing announced in 2020. "The matter has been settled. The company will be getting around Rs 500 crore," the government official, who did not wish to be named, said. On Rs 900 crore, the government had flagged questions and had asked the company to review their claim. When contacted, a Samsung India spokesperson said: We are currently in an advanced stage of discussions with the Government of India on the incentive payout. "Samsung is a committed partner of India for over 26 years. As the leading smartphone player, we have been working closely with various stakeholders to make the PLI

Govt plans over $2 billion in incentives for new manufacturing sectors

A fraction of the PLI incentives has been claimed so far, prompting the government to allocate unused funds to new sectors