Page 18 - Pli Scheme

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

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 ...