Page 19 - Pli Scheme

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

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