Page 21 - Pli Scheme

Govt seeks industry feedback on challenges in PLI to enhance effectiveness

Goyal urged officials to hold regular consultation and roundtables with PLI beneficiaries

In a first: Mahindra & Mahindra receives PLI eligibility certificate

Tata Motors files application for flagship Tiago EV

Govt seeks industry feedback on PLI scheme to enhance effectiveness

The government has sought feedback from the industry on the production linked incentive (PLI) scheme with a view to enhancing its effectiveness, according to an official statement issued on Wednesday. The commerce and industry ministry, which coordinates the scheme, also urged PLI beneficiaries to take up any procedural challenges/ issues with the respective implementing ministry or department so that positive reforms can be brought about and the scheme can be made more efficient and effective. Issues pertaining to the scheme were discussed in a workshop called by the Commerce and Industry Ministry on June 27 here. Commerce and Industry Minister Piyush Goyal stated that the government is committed to fostering a conducive business environment and accelerating growth in PLI sectors. "The minister encouraged industry's feedback and collaborative engagement to shape the policies, procedures and effectiveness of the PLI scheme," the ministry said in a statement. The government announc

Top headlines: Adani cos under Sebi lens, TCS on foreign remittances

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Govt prepares new multibillion-dollar battery subsidy scheme: Report

The draft proposal for a production-linked incentive subsidy scheme would offer Rs 21,600 crore ($2.63 billion) from this year through to 2030 for companies

Centre assures PLI scheme beneficiaries to resolve any issues they face

The government on Tuesday assured beneficiaries of the Production Linked Incentive scheme to resolve their issues, if any so that they can avail the PLI benefits on time, an official said. Certain technical issues were flagged by industry players during a workshop held by the commerce and industry ministry on the PLI schemes. The objective of the workshop was to take stock of the progress and success stories of each scheme, which was rolled out for as many as 14 sectors, the official said. Besides, the ministry also sought feedback and suggestions from the beneficiaries and views from industry associations. The meeting was chaired by Commerce and Industry Minister Piyush Goyal. The government announced the PLI (production-linked incentive) scheme in 2021 for as many as 14 sectors, such as telecommunication, white goods, textiles and pharma with an outlay of Rs 1.97 lakh crore. The government has disbursed only Rs 2,900 crore till March 2023, out of Rs 3,400 crore claims received.

Centre to renew consultation with firms shortlisted under PLI scheme

DPIIT asked to nudge ministries to hold talks with beneficiaries

Amid tepid utilisation of funds, govt to review PLI scheme on Tuesday

Progress has been slow in the case of the remaining six sectors - steel, textiles, battery, white goods, solar PV and automobiles

India appears to be 'silver lining' amid global challenges: HUL Chairman

India appears to be the silver lining amid global headwinds and is poised to leapfrog into the future, but the country must address challenges like employment and agriculture productivity, said HUL Chairman Nitin Paranjpe. Addressing the AGM of the company on Monday, Paranjpe said India has been the fastest-growing economy in the last decade and is touted to become the world's third-largest economy by 2027, surpassing Japan and Germany. It is emerging steadily from the shadows of being a poor nation, and taking 'centre stage'. "The country's ambition of becoming a high-middle income country by 2047, when the nation celebrates 100 years of independence, is a definite possibility," Paranjpe said in his speech titled Transforming to Win in the New India. This would be led by factors like favourable demographics, rising consumption, enviable digital public infrastructure, investments and a culture of innovation and enterprise. According to HUL Chairman, a growing young population can

PLI schemes boosting jobs and manufacturing in white goods sector

Make no mistake, PLI schemes under Make in India mission for the sector is thriving is making a deep impact on the white goods sector in India

Mobile phone PLI is an India success story

Most reports fail to grasp the progressive benefits of the scheme

The visible hand

Government intervention is not a suitable way of shaping investment and technology choices

India exported smartphones worth Rs 12,000 cr in May; 80% were iPhones

Apple accounts for 80% of all smartphone exports from India. The rest 20% is shared by Samsung and some other brands

Top headlines: India seeks import duty relaxation, US flags policy barriers

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Export growth still depends on demand in Europe, North America

The government is pinning its hopes on increased investment that its Production Linked Incentives (PLI) scheme may attract

PLI scheme nodal agencies under watch as Centre readies for review

Centre mulls strategy to ensure powers given to the agencies are not misused

TMS Ep456: PLI course correction, HNI exodus, markets, dark patterns

What course correction does the PLI scheme need? Why are millionaires deserting India? Can Indian markets stay immune to US Fed's hawkish pause? What are dark patterns? All answers here

Chandrasekhar rebuts Raghuram Rajan's criticism on PLI, calls it misleading

Terming former RBI governor Raghuram Rajan as a repeat offender, Union Minister Rajeev Chandrasekhar on Thursday issued a word-by-word rebuttal of his criticism of the production-linked incentive scheme for mobile phone manufacturing. Rajan in a social media post questioned the outcome of the PLI scheme for mobile phones as companies continue to import most of the components, and the subsidies are paid on finished phones and not on the value addition done by the mobile phone companies. He also questioned if subsidies being paid to the companies under the PLI scheme and tax waivers are more than the value addition the mobile phone makers are doing in the country. The minister of state for electronics and IT said that he had responded to Rajan eight months ago when he tried to discredit the smartphone PLI after which he went and "now he is back with some deceitful numbers and shoddy comparisons". The PLI scheme for mobile phones was notified on April 1, 2020. The scheme extends an ..

Why 30% localisation an uphill task for Apple under PLI scheme in India

Apple's vendors have localised chargers, batteries, printed circuit board assembly (or PCBAs), enclosures, and coils, to name a few

GTRI calls for simplifying PLI scheme, cautions against misuse by industry

The government should consider simplifying the criteria for grant of fiscal incentives under the PLI scheme while guarding against possible misuse of those support measures by the industry, a report by think-tank GTRI said on Wednesday. The government has rolled out Production Linked Incentive (PLI) scheme for 14 sectors, including telecommunications, electronics, white goods and pharma with an outlay of Rs 1.97 lakh crore. Cautioning the government about the possible misuse of the incentives, the Global Trade Research Initiative (GTRI) said firms may easily manipulate production levels through their supporting manufacturers, group companies or contract manufacturers. Citing an example, the report said the government had to suffer huge revenue loss in the past due to the misuse of a 'Target Plus' scheme during 2003-06. "Departments implementing PLI schemes may study the Target Plus scheme misuse and be vigilant. The risk compounds when incentive is granted on quarterly production,"