Page 17 - Pli Scheme

Govt may soon tweak PLI schemes for pharma, textiles to boost investment

The government may soon tweak the production-linked incentive scheme for pharmaceuticals, drones and textiles sectors to encourage investment and boost manufacturing, an official said. These sectors have been identified after inter-ministerial consultations on the performance of the scheme for various products. The official also said that disbursement of production-linked incentives (PLI) for white goods (AC and LED lights) would start this month and that would push the amount of disbursement, which was only Rs 2,900 crore till March 2023. The scheme was announced in 2021 for 14 sectors such as telecommunications, 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 outlay of Rs 1.97 lakh crore. "We have identified the sectors. We are going to send the combined note to seek approval of the Union Cabinet. The changes include extending some ti

Indian auto sector to see 70-80% rise in demand for apprentices: Report

The anticipated boom in apprentice recruitment can be attributed to the auto sector's robust performance, which is influenced by macroeconomic factors and positive industry sentiments

Govt may bring incentive scheme to push R&D in auto component sector

Auto industry is investing in R&D, more needs to be done, especially as the pace of electrification accelerates

Centre for second PLI scheme for processing millet-based foods: Official

The Centre is in the process of announcing a second round of production linked incentive (PLI) scheme for processing of millet-based foods in the country, secretary in the Ministry of Food Processing Industries, Anita Praveen said on Tuesday. She said that the scheme is in the approval stages and involves an outlay of Rs 1,000 crore. Speaking to reporters on the sidelines of an ICC event here, Praveen said that in the first round of the PLI scheme which started last financial year, the quantum of assistance involved was Rs 800 crore. "The ministry had got applications from 30 units in the first phase and the scheme was fully subscribed. Now we plan to provide another round of PLI scheme involving an amount of Rs 1,000 crore and is in the approval stages", the food processing industries, secretary said. Praveen said "the food processing industry had got an approval of Rs 10,900 crore from the government for granting assistance to food processing units, out of which Rs 800 crore had

Centre to soon come up with PLI scheme for basic chemicals: Mandaviya

The Centre will soon come up with a Production-Linked Incentive (PLI) scheme for basic chemicals for the promotion of the overall chemical sector, Union minister Mansukh Mandaviya said here on Saturday. Mandaviya also said that his ministry has been working on an international-standard drugs and cosmetic bill which will be introduced in the Cabinet in a month's time before being passed in Parliament. He was addressing members of the Southern Gujarat Chamber of Commerce and Industry. The government's PLI scheme is aimed at improving the cost competitiveness of domestically manufactured goods and enhancing domestic capacity and exports. "If we support basic chemicals, then agrochemicals and pharma chemicals, all types of chemicals will become cheaper to make. So, in a short time, we are coming up with a PLI scheme for basic chemicals. It will be useful to promote the chemical sector, he said. Basic chemicals, produced in large quantities, are usually sold within the chemical industry

IT hardware PLI: Focus shifts from exports to import substitution

The scheme will now help in reducing India's over-dependence on imports (80 per cent of laptops are imported), especially from China which include laptops, tablets and servers

Govt extends last date for applications under textiles PLI till Oct

The government on Thursday said the last date for inviting applications under the Rs 10,683 crore-Production Linked Incentive scheme for textiles is being further extended by two months to October 31. Earlier, the Textiles ministry had re-opened the PLI (Production Linked Incentive) portal till August 31 to invite fresh applications from interested companies under the scheme. "The Ministry of Textiles has decided to extend the date of inviting fresh applications under the PLI scheme of Textiles for MMF Apparel, MMF Fabrics and products of Technical Textiles for further 2 months i.e. upto 31 October 2023," a statement said. The decision was taken in view of the requests from the industry stakeholders, it added. The Centre launched the PLI Scheme with an approved outlay of Rs 10,683 crore to promote the production of man-made fibre (MMF) apparel, MMF fabrics and products of technical textiles in the country to enable the textiles industry to achieve size and scale and to become ...

40 firms commit to make IT hardware worth Rs 4.65 trn under PLI scheme

As many as 40 companies, including Dell, HP, and Lenovo, have applied for the IT hardware PLI scheme with a commitment to make personal computers, laptops, tablets, servers and other equipment worth Rs 4.65 lakh crore during the scheme period, an official statement said on Thursday. If all companies get selected under the scheme then the government will need to increase the incentive amount to Rs 22,890 crore against the budgetary allocation of Rs 17,000 crore, according to the note. "Total 40 applications have been submitted till the closure of the window on August 30. The scheme has been oversubscribed. Against The budgetary allocation of Rs 7,000 crore, applicants have projected PLI amount to the tune of 22,890 crore. Further, the production figure projected by these applicants is Rs 4.65 Lakh crore against the target of 3.35 lakh crore," the statement said. The applicants include 13 in the hybrid category comprising seven global and six domestic firms and 27 in the domestic ...

Plastic manufacturers push for import duty hike, PLI scheme to spur growth

The All India Plastics Manufacturers Association (AIPMA) has called for a revision in import duties on plastic goods and inclusion of production linked incentive (PLI) scheme for the sector to spur growth. Association president Mayur D Shah said they want the government to raise the import duty to 20 per cent from 10 per cent now and emphasized that these measures are essential to spur the growth of the 'Make in India' initiative within the plastics industry. On the sidelines of the 6th Technology Conference for Growth of Plastic Industry in the city, Shah said, "AIPMA's comprehensive study revealed that plastic goods worth Rs 37,500 crore were imported during the fiscal year 2021-22, with China accounting for 48 per cent of these imports." "AIPMA after a detailed study identified 553 plastic products that could be potentially substituted with domestic manufacturing, a strategic move that is projected to create a substantial demand for raw materials, plastics processing machinery, a

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Foxconn, HP, Lenovo, 35 other firms apply for PLI IT hardware scheme

As many as 38 companies, including big names like Foxconn Group, HP, Dell and Lenovo, have applied for incentives under the mega Production Linked Incentive (PLI) IT hardware scheme for manufacturing laptops, PCs and servers. As of 10.30 PM on Wednesday, the number of applications had climbed to 38, from 32 applicants around 5.30 PM. The window for submission of applications for PLI IT hardware scheme closes at midnight. Earlier in the evening, Minister of Electronics and IT Ashwini Vaishnaw had said that Foxconn Group, HP, Dell and Lenovo are among companies which have applied. Others who have thrown their hat into the ring include Flextronics, Dixon, Acer, Thompson, VVDN, HP Enterprises and Asus, Vaishnaw said, terming the response from companies as "fabulous." At that time, 32 applications had already come in, and while that list had impressive names, Cupertino, California-headquartered Apple had not put in its application till then. The name of companies who submitted their ...

HP, Dell, Lenovo among 38 firms to apply under IT hardware PLI 2.0

The scheme aims to generate incremental production worth Rs 3.35 trillion over the next six years, said Ashwini Vaishnaw, Union Minister of Communications and IT

Dell, HP among 32 firms that applied to make laptops locally: Vaishnaw

India is wooing global IT and electronics players with policy sweeteners and incentive schemes, making a push to position itself as a global powerhouse for hi-tech manufacturing

Value addition could hit 70% with memory chips made in India: Vaishnaw

Some players in the world do not want India to become a big manufacturer of these products, so they are engineering a problem, the Communications minister says

32 companies apply under PLI IT hardware scheme: Ashwini Vaishnaw

As many as 32 companies, including global biggies like HP, Dell and Lenovo, have applied under the Production Linked Incentive scheme for IT hardware, Union Minister Ashwini Vaishnaw said on Wednesday. The expected incremental production under the scheme is pegged at Rs 3.35 lakh crore, said Vaishnaw, Minister for Electronics and IT. "India is emerging as a trusted supply chain partner and value added partner ... companies are happy to come to India for manufacturing and design," Vaishnaw said at a media briefing. Overall, 32 applications have been received under PLI for IT hardware scheme so far, Vaishnaw said describing it as a good response. The response is more than anticipated, he said.

Auto PLI review: Centre extends deadline by a year for beneficiaries

The announcement was made by Union minister for Heavy Industries Mahendra Nath Pandey during the review meeting of the PLI-Auto scheme

Centre extends PLI scheme for automotive sector by 1 yr until FY28

The government has decided to extend the Rs 25,938-crore production-linked incentive scheme for the automotive sector by one year, Union Heavy Industries Minister Mahendra Nath Pandey said on Tuesday. Post extension, the five-year scheme, originally in place from 2022-23 to 2026-27, will be active until 2027-28. At present, incentives are applicable under the scheme for determined sales of Advanced Automotive Technology (AAT) products (vehicles and components) manufactured in India from 1 April 2022 onwards for a period of five consecutive years. "The scheme is being extended by one year," the Heavy Industries Minister told PTI, after reviewing the performance of the scheme with stakeholders here. Speaking with reporters on the sidelines earlier, he shared that the ministry has also accepted other suggestions made by auto industry stakeholders pertaining to the scheme including quarterly disbursement of subsidies and increasing the number of agencies testing domestic value addition

58 firms including top global players registered for IT hardware PLI

As many as 58 companies, including top global players, have registered for the government's Rs 17,000-crore production-linked incentive (PLI) scheme for IT hardware, a senior government official said on Monday. The Ministry of Electronics and IT, Secretary, Alkesh Kumar Sharma said that the response to PLI Scheme 2.0 for IT hardware has been more than expected. "The last date for the scheme is August 30. 58 companies have registered," Sharma said on the sidelines of an event organised by the India Cellular and Electronics Association. When asked if all the top global players have registered, Sharma answered in the affirmative. He said several domestic companies have also registered for the scheme and added that more than two players have already applied for the scheme. The Production-Linked Incentive Scheme 2.0 for IT hardware covers laptops, tablets, all-in-one PCs, servers and ultra-small form factor devices. The scheme aims to broaden and deepen the IT hardware manufacturing .

Commercial production under PLI-ACC scheme to commence this fiscal: Govt

Commercial production under the production-linked incentive scheme for advanced chemistry cell manufacturing -- India's Rs 18,100-crore programme to boost local battery cell production -- is likely to commence progressively in phases, in the current financial year, the Centre said on Thursday. The Heavy Industries Ministry has awarded 30GWh of capacity to three beneficiaries, namely, Ola Cell Technologies Pvt. Ltd, ACC Energy Storage Pvt Ltd and Reliance New Energy Battery Storage Ltd and is in the process of awarding another 20GWh, with a target to achieve 50GWh production by 2030. "To monitor the progress of work of the selected beneficiaries, the Ministry has appointed Engineers India Limited (EIL) as Independent Engineers. The prototype testing is almost complete by these beneficiaries and commercial production is likely to start progressively in phases, in FY 2024," an official statement said. The scheme aims to strengthen the ecosystem for Electric Mobility and Battery Storage

Commercial production of battery cells under ACC PLI likely in Q4FY24

To monitor the progress of the work of the selected beneficiaries, the Ministry has appointed Engineers India Limited (EIL) as Independent Engineers