Page 18 - Pli Scheme

Five manufacturers apply for 23 DVA certificates under PLI Auto scheme

As no OEM was able to submit their DVA certificates, Rs 604 crore earmarked under the scheme for FY23 remained unutilised

India likely to present incentives for ailing textile by Dec: Trade body

Earlier this month, govt officials reviewed the PLI scheme, launched in 2020, under which govt proposed to offer around Rs 2,400 crore in cash incentives to 14 sectors

Raghuram Rajan is doing 'shadow-boxing on someone's behalf': Vaishnaw

Union Minister Ashwini Vaishnaw on Saturday called former RBI governor Raghuram Rajan a politician who is "doing shadow-boxing on somebody's behalf". Vaishnaw's remark was in reaction to a query on Rajan's reported statement that India is not manufacturing mobile phones under the Production Linked Incentive (PLI) scheme but is only assembling them. "When good economists become politicians, they lose their economic sense. Raghuram Rajan has become a politician. Now, he should come out in open, fight elections, conduct elections and participate in political activities. Doing shadow-boxing is not something that is good. He is trying to do shadow-boxing on behalf of somebody else," Vaishnaw asserted. The Minister said in the next two years, India will be achieving more than 30 per cent value addition in electronics manufacturing. Apart from this, three companies will soon manufacture important mobile phone components for the world, he added. Vaishnaw said every country that has started

Centre aims at 60-80% local value addition in IT hardware in 5-10 years

The Centre has asked industries operating in India to execute new production techniques, such as surface-mount technology (SMT) lines, to increase the local value-addition percentage

Indian Railways planning PLI for train components to curb imports

A railways official said that the PLI programme will give incentives to develop new manufacturing units or expand the existing ones

India is now the second-biggest mobile phone-making country: Counterpoint

Mobile phone shipments from India crossed the 2 billion cumulative units mark under the 'Make in India' initiative during 2014-2022

No proposal to put import restrictions on more electronic goods: Comm Secy

There is no proposal at present to impose import restrictions on more electronic goods, Commerce Secretary Sunil Barthwal said on Monday. The government has decided to impose import curbs on laptops, personal computers and certain more electronic devices from November 1 on security grounds to reduce imports from nations like China and boost domestic manufacturing. Barthwal said there is a production-linked incentive (PLI) scheme for electronics and mobile manufacturing. "We are monitoring our imports. We are also looking that there should not be undue dependence on any particular country. We want to diversify both our exports as well as our imports. "We do not want ourselves to be dependent upon very few sources of imports...So what we are doing, we are evaluating the position in consultation with various ministries. We are looking at trends, but there is nothing in the offing, as of now," he told reporters here. He was replying to a question about whether the government is lookin

Samsung to get Rs 600 crore under PLI scheme for smartphones: Report

Samsung had claimed incentives of about Rs 900 crore for generating revenues of about Rs 15,000 crore from smartphone sales in 2020-21

No plan to reopen PLI application window for automobile sector: Govt

There is no plan to reopen the application window for companies under the production linked incentive (PLI) scheme for the automobile sector, Parliament was informed on Friday. In a written reply to the Lok Sabha, Minister of State for Heavy Industries Krishan Pal Gurjar said that the ministry is implementing two PLI schemes - automobile and auto components, and advanced chemistry cell (ACC) battery storage. "In PLI auto, there is no plan to reopen the application window. As regards PLI ACC, a total (of) 50 GWh ACC manufacturing was allocated to four successful bidders in March 2022 through RFP/ bidding process," he said. Subsequently, one of the awardee bidders was disqualified for violation of the terms and conditions of the RFP/ bid document and 20 GWh ACC capacity became spare. After that, the Empowered Group of Secretaries (EGoS) recommended to re-allocate the 20 GWh ACC capacity through fresh bidding. The ministry has published a SoP (standard operating procedure) for the PL

PLI scheme incentive disbursement likely at Rs 13,000 crore in FY24

Separately, Singh noted that the Centre is working to modify the scheme for sectors that have not performed as expected

Ministry set to implement two production-linked incentive schemes

The Ministry of Heavy Industries (MHI) is set to implement PLI scheme for automobile and auto components (PLI Auto), and PLI scheme for advanced chemistry cell (ACC) (PLI ACC)

Disbursement under PLI scheme to hit Rs 13k crore this year: DPIIT secy

The government is expected to disburse about Rs 13,000 crore to eligible firms seeking benefits under the production linked incentive (PLI) schemes, even though an exercise is going on to tweak the scheme for those sectors which have not yet picked up well, a top official said on Friday. Secretary in the Department for promotion of Industry and Internal Trade (DPIIT) Rajesh Kumar Singh said that from the current year onwards, the disbursal number will be significantly larger. The disbursals "I think will go to about Rs 13,000 crore this year", he told reporters here. The government disbursed only Rs 2,900 crore till March 2023 out of Rs 3,400 crore claims received under the scheme so far. 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 ...

Govt expects PLI payouts to rise Rs 13,000 cr this year: DPIIT official

Under the $24 billion scheme, the federal government pays local manufacturers when targets such as sales are met, aiming to boost investment in manufacturing. Targets differ from sector to sector

Lenovo mulls scaling up local production, discussion on with govt on PLI

IT hardware maker Lenovo plans to strengthen local manufacturing and is in discussion with the government to seek clarity on the PLI scheme and recent import restrictions, a senior company official said on Tuesday. Lenovo India Commercial Business Executive Director Ajay Sehgal said that the company has been manufacturing in India for about the last two decades and now even exporting from India. "We need to understand more in detail about the new regulations. After understanding that part we will be able to comment better on how we can add more value in the manufacturing in India. Manufacturing in India is not new for us. If it is only a capacity enhancement, definitely, we know there is a merit to increase that part and we are moving in that direction," Sehgal said. He was responding to a question on Lenovo's view on Rs 17,000 crore production-linked incentive scheme for manufacturing IT hardware in the country. Lenovo leads the global PC market with a 24 per cent market ...

Construction, equipment manufacturers seek PLI scheme for industry

Construction and equipment (CE) manufacturers have urged the government for a production linked incentive (PLI) scheme for the sector. The introduction of the PLI scheme will provide a level-playing field for the players of the industry, Dimitrov Krishnan, President of industry body ICEMA, said. Indian Construction Equipment Manufacturers' Association (ICEMA) engages with stakeholders and the government to identify challenges in the sector and works on solutions. In 2021, the government had announced the scheme 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 outlay of Rs 1.97 lakh crore. "The move (PLI Scheme) has given a push to these industries. Our industry requests the government for a PLI scheme for our industry. We play a critical role in capital intensive industries like setting up steel

Proposals formulated for 2nd edition of PLI, will take time: Steel secy

Steel Secretary Nagendra Nath Sinha on Thursday said the ministry has formulated proposals in consultation with the industry for second edition of the PLI scheme but its implementation would take "some time" as a few processes, including Cabinet nod, are pending. The Union Cabinet in July 2021 approved the Production Linked Incentive (PLI) scheme to boost the production of specialty steel in India. "We have formulated proposals for PLI 2 and need approval of the government for this. It may take some time. The proposal we have formulated has been done in consultation with all players of the industry and if we take it up, we expect a good response," Sinha said on the sidelines of an industry event in Greater Noida. "I cannot commit any time frame for this right now because a lot of processes, like the proposal being sent to powered group of secretaries and then to the Cabinet for approval, are due and it will take some time," the Steel Secretary told reporters. He was in Greater Noid

Centre mulls minor tweaking in PLI scheme, aims to boost manufacturing

Discussions underway regarding the potential need for slight alterations to the production-linked incentive scheme to improve its execution

Cabinet secretary reviews progress of PLI scheme in certain sectors

Cabinet secretary Rajiv Gauba on Thursday reviewed the progress of the production-linked incentive scheme (PLI) for sectors that are "generally doing very well" like pharma and electronics, a senior official said. Another such review is expected for the remaining sectors, the official said. The 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 outlay of Rs 1.97 lakh crore. "Today we covered sectors that are generally doing very well like pharma, electronics and mobile manufacturing, and white goods. Others which have not fully taken off are coming up later," the official said. "They are doing well but they can do better. We are in the process of consulting whether any minor tweaking is required. Once we complete the process, we will be in a position," the official adde

Cabinet approves PLI scheme worth Rs 1.97 trillion for 14 sectors

The PLI scheme is further expected to have a cascading effect on the country's MSME ecosystem

Centre plans to scrap mandatory electric vehicle incentive-linked tests

After receiving a report from the committee, the ministry is considering scrapping the mandatory testing parameters