Page 2 - Pli Scheme

Ola Electric files PLI claim of Rs 400 crore, boosting financial prospects

Ola Electric has filed a claim of around Rs 400 crore incentive under the government's production-linked incentive (PLI) scheme, reinforcing its compliance with rigorous localisation and regulatory requirements, according to sources. As per industry sources, Ola has filed the claim with eligible sales of about Rs 3,000 crore for FY25, translating into an expected incentive of nearly Rs 400 crore. The incentive, calculated at a rate of 13 to 14 per cent, is expected to significantly strengthen the company's liquidity position and deliver a positive impact on its financial performance in the coming quarters, the sources close to the development said. Notably, Ola was the only two-wheeler Original Equipment Manufacturer (OEM) to receive the PLI incentive last year, marking a significant milestone for the company and the industry. Continuing this momentum, Ola has emerged as the top achiever in PLI-eligible sales in the two-wheeler category for two consecutive years, underscoring its .

Record shipments, powered by PLI: Smartphone exports cross ₹1 trn in 5 mths

India's smartphone exports surge 55% in five months, led by Apple makers Tata and Foxconn, as PLI scheme drives scale and component ecosystem growth

Electronic components PLI received over ₹50K cr proposals: Vaishnaw

Today, the world trusts India's electronics manufacturing capabilities, says Vaishnaw

In seven years, HVDC market size is going to be $12-15 billion: GE Vernova

India needs to progress in procurement. It must review its procurement process, says Bindele

Bidding for battery storage PLI in final stages, says Pralhad Joshi

Says nuclear energy laws being tweaked to attract pvt players

India, Mexico top global auto investments in H1 2025 despite slump

India and Mexico attracted the most auto projects in H1 2025, though global investment value nearly halved, reflecting EV policy uncertainty and shifting supply chain strategies

Datanomics: India's manufacturing sector yet to show its strength

While certain sectors such as smartphones have shown remarkable export growth, the broader manufacturing landscape does not tell an inspiring story

Apple's iPhone exports from India increase 82% to $6 billion in Q1

Total smartphone exports hit record $7.7 bn despite US tariff threat

Indian PCB market will hit $10 billion by early next decade: J S Gujral

The Indian market today is estimated to be around $6 billion, which is expected to cross $10 billion by early next decade, says Gujral

India needs more Apples: Replicating Apple's model to attract top brands

The PLI for smartphones was extremely sophisticated in design, a win-win for all parties

Mobile PLI created 130,000 direct jobs till Jun 2025: MoS IT Prasada

The PLI Scheme for Large Scale Electronics Manufacturing, mainly meant for mobile phone production, has created 1.3 lakh direct jobs till June 2025, Parliament was informed on Friday. Minister of State for Electronics and IT Jitin Prasada said in a written reply to the Rajya Sabha that the scheme has attracted cumulative investment of Rs 12,390 crore and achieved cumulative production of Rs 8.44 lakh crore. "India has transformed itself from a net importer to a net exporter of mobile phones. India is now the second-largest mobile manufacturing country in the world. The PLI Scheme has significantly boosted investment, production, exports, and job creation in India's electronics sector," Prasada said. He said that the country has exported goods worth Rs 4.65 lakh crore under the scheme. According to data shared by Prasada, the export of just mobile phones "increased 127 times" from India from Rs 1,500 crore in 2014-15 to Rs 2 lakh crore in 2024-25. The minister said 75 per cent of t

Finance Commission must focus on strengthening local bodies: Raghuram Rajan

Former RBI Governor Raghuram Rajan noted that the previous finance commissions devolved more funds to the local bodies and urged for greater decentralisation in India

Dixon Tech Q1 beats estimates: Check brokerage views, stock strategy here

Factoring in the strong outlook, Motilal Oswal raised its FY27 estimates by 10 per cent and maintained a 'Buy' rating with a revised target price of ₹22,100 based on DCF valuation.

PLI scheme for bulk drugs led to import savings of ₹1,362 cr: Govt to RS

Imports of pharma raw materials worth Rs 1,362 crore have been avoided till March 2025 due to the creation of domestic manufacturing capacity for 25 identified items under the production-linked incentive scheme for bulk drugs, Parliament was informed on Tuesday. In a written reply to Rajya Sabha, Minister of State for Chemicals and Fertilisers, Anupriya Patel said that as of March 2025, against an investment commitment of Rs 3,938.5 crore over the period of six years, investment of Rs 4,570 crore has already been made under the PLI Scheme for Bulk Drugs. "As a result of the scheme, cumulative sales of Rs 1,817 crore have been reported over the period from the beginning of the scheme till March 2025, including exports of Rs 455 crore, thereby avoiding imports worth Rs 1,362 crore and creation of domestic manufacturing capacity for 25 identified KSMs/DIs/APIs," she stated. The PLI Scheme for Bulk Drugs has a total budgetary outlay of Rs 6,940 crore and aims to avoid disruption in supp

806 applications approved so far under PLI schemes across 14 sectors

The government on Tuesday said as many as 806 applications have been approved under the Production Linked Incentive (PLI) schemes across 14 sectors as on date. The schemes for 14 key sectors including telecom, electronics, pharma, textiles and auto were announced with an outlay of Rs 1.97 lakh crore to enhance India's manufacturing capabilities and exports. It was announced in 2021. "As on date, 806 applications have been approved under PLI schemes across 14 sectors," Minister of State for Commerce and Industry Jitin Prasada said in a written reply to the Lok Sabha. He said that actual investment of Rs 1.76 lakh crore has been realised till March 2025 across 14 sectors, which has resulted in incremental production/sales of over Rs 16.5 lakh crore and employment generation of over 12 lakh (direct and indirect jobs). The pharmaceuticals sector has witnessed cumulative sales of Rs 2.66 lakh crore, which includes exports of Rs 1.70 lakh crore achieved in the first three years of the ..

Electric two-wheeler firms in talks with govt for localisation relief

PLI, PMP targets under strain as rare earth magnet stocks fast dry up

Can mobile PLI scheme's winning model be replicated across other sectors?

An agile government-private partnership has proved a win-win for the mobile PLI scheme

Electronics, pharma sectors corner 70% of PLI disbursements in FY25

Large-scale electronics manufacturing and pharmaceuticals cornered about 70 per cent of the total fiscal incentive disbursements in 2024-25 under the production-linked incentive (PLI) schemes, according to government data. The scheme was introduced in 2021 to support domestic manufacturing across 14 sectors with an outlay of Rs 1.97 lakh crore. In 2024-25, the government has disbursed a total of Rs 10,114 crore. PLI firms in the electronics sector received Rs 5,732 crore, while pharmaceutical drugs received Rs 2,328 crore, the data showed. In 2023-24, the disbursals stood at Rs 9,721 crore. The figures highlight the country's growing strength in these segments amid efforts to boost manufacturing and value-added exports. Besides these two, the other sectors that received these incentives in the last fiscal include bulk drugs (Rs 22 crore), Medical Devices (Rs 77 crore), Telecom (Rs 840 crore), Food Processing (Rs 448 crore), White Goods (Rs 210 crore), Automobiles (Rs 322 crore), .

Govt to boost rare earth magnet output via PLI scheme, private sector push

The Centre has initiated PLI schemes, which offer financial incentives tied directly to measurable outcomes and have been designed to boost domestic manufacturing

Syrma SGS Technology anchors ₹1,800 crore PCB push in Andhra Pradesh

Syrma SGS Technology, in collaboration with Shinhyup Electronics, will establish India's largest PCB and CCL manufacturing facility in Andhra Pradesh, with an investment of Rs 1,800 crore