Page 27 - Pli Scheme

Budget 2023: Centre likely to announce PLI scheme for more sectors

The government is likely to extend fiscal incentives for production of toys, bicycles and leather and footwear in the forthcoming budget as it looks to expand production linked incentive (PLI) scheme

Union Budget 2023: MSME sector seeks access to credit at affordable rates

PLI schemes, quick access to funding, and expansion of exports are some of the key areas that the sector is looking forward to

Govt may increase allocation for PLI schemes in Budget to boost exports

Under the PLI scheme, eligible players receive incentives for five years if they achieve their investment and production value target for each year

Business leaders see ext of PLI scheme to other sectors: Deloitte

A vast majority of the business leaders believe that the Production Linked Incentive (PLI) schemes have been beneficial and expect an extension to other sectors in the coming years, a Deloitte Survey said on Friday. An overwhelming number of survey respondents hope the budget will fuel growth across industries by building strong domestic demand and focussing on capital expenditure and believe that it would define the 'Amrit Kaal'. "Critical to this growth will be the pace of capital expenditure, infrastructure development, and the need to boost infrastructure financing through private partnership. 60 per cent of respondents suggested raising funds through Indian Government Bonds," the survey said. The survey aimed to analyse the industry expectations from the upcoming budget, from the standpoint of economic growth, trade agreements and exports. A total of 181 responses were collated from the survey, across 10 industries. More than 70 per cent of respondents agree that various PLI .

Steady and cautious: What India's conglomerates are doing for capex push

Companies are reluctant to invest in new factories and plants when existing capacity is not fully utilised

Cummins India to start production of fuel-agnostic engines this year

Firm says it will start with LNG-hydrogen platform; India to be a sourcing hub

Govt will soon launch new PLI scheme for IT hardware: Union minister

The scheme will provide additional incentives for manufacturers and original equipment manufacturers (OEMs) who incorporate Indian-designed IP into their systems and products

Govt will soon launch new PLI scheme for IT hardware: Rajeev Chandrasekhar

The Central government will soon launch an information technology server and IT hardware production linked incentive (PLI) scheme, and also offer additional incentives for manufacturers that incorporate Indian-designed intellectual property into their products, Union Minister of State for Electronics and IT Rajeev Chandrasekhar said on Tuesday. Virtually addressing the VLSI Design Conference 2023 that began here today, Chandrasekhar said the government has announced Future Design Programme, which invests USD 200 million in startups that will design or co-design IP, tools or devices for the next generation of applications in India. "By 2024, we believe India would have stepped into the semiconductor manufacturing space and catalysed a more domestic design and innovation ecosystem where we are encouraging startups to work with the leading global majors to develop IP, to develop devices either co-owned or owned for which the government has announced Future Design Programme," he said. "

Around 21 API projects come up under the PLI scheme, shows data

These units have an installed capacity of 33,895 tonnes

Green hydrogen manufacturing to come under PLI scheme: R K Singh

The minister was speaking a day after the Union Cabinet approved an initial outlay of Rs 19,744 crore for the National Green Hydrogen Mission

Centre may boost PLI outlay to attract iPad, MacBook production: Report

The proposal to enhance the outlay has already been sent by the IT ministry to finance and other ministries

Food processing industry invests Rs 4,900 cr under PLI scheme so far: Govt

The government on Thursday said the food processing industry has made an investment of Rs 4,900 crore under the production-linked incentive (PLI) scheme so far. The PLI scheme for the food processing industry, with an outlay of Rs 10,900 crore, was approved on March 2021. It is to be implemented for a period of seven years till 2026-27. "Under the PLI scheme for food processing industry, a total of 182 applications have been approved under different categories," an official statement said. This includes 30 applications (8 large entities and 22 SMEs) under the PLI scheme for millets-based products, it said. "As per the data being reported by the PLI scheme beneficiaries, investment of about Rs 4900 crores has been made under the scheme," the statement said. Incentives amounting to Rs 800 crore are likely to be disbursed in the current financial year. Sales-based incentive of Rs 107.3 crore has been disbursed so far, it added. According to the food ministry, stakeholder consultatio

Does India need PLI to become a toy manufacturing powerhouse?

Toy imports have come down by 70% in the last three years, while export is up by 60%. Govt is now mulling a PLI scheme to give the sector a fillip. Will the scheme help the toy manufacturing sector?

Centre to launch Rs 12,000 crore PLI scheme for high-end components: Report

PLI Scheme: The move, which may attract global giants like Apple to enhance production in the country, is being discussed to develop a complete ecosystem for electronic manufacturing in India

Foxconn, Dixon leverage PLI route to boost manufacturing potential in India

How two poster boys of the government's signature manufacturing programme are deploying it to grow in India

PLI scheme for textiles attracts Rs 1,536 crore in investments: Govt

The Rs 10,683-crore production-linked incentive scheme for India's textiles sector attracted investments of Rs 1,536 crore as approval letters were issued to 56 applicants who met the eligibility criteria, the government said on Monday. Applications under the PLI Scheme for textiles were received through a web portal from January 1, 2022, to February 28, 2022. The Centre launched the PLI Scheme with an approved outlay of Rs 10,683 crore to promote the production of MMF apparel, MMF fabrics and Products of Technical Textiles in the country to enable the textiles industry to achieve size and scale and to become competitive. "Selection Committee chaired by Secretary (Textiles) has selected 64 applicants under the scheme. 56 applicants have completed the mandatory criteria for the formation of a new company and approval letters have been issued to them. Investment to the tune of Rs 1,536 crore has been made so far," an official statement said. The ministry said that domestic cotton ...

Govt clears Rs 357 cr for Foxconn under PLI scheme for phone manufacturing

The PLI for large-scale electronics manufacturing sector launched with an aim to make India a competitive destination for electronics manufacturing

JSPL to invest Rs 7,930 crore under PLI scheme for steel: MD Bimlendra Jha

Jindal Steel and Power Limited (JSPL) will spend Rs 7,930 crore under the PLI scheme for specialty steel to manufacture eight types of high-end alloy in the country, its Managing Director Bimlendra Jha said. JSPL is one of the qualifiers of the government's production linked incentive (PLI) scheme which aims to increase the output of value-added steel using new age technologies in the domestic steel sector. On December 9, the government announced the selection of 67 entries with an investment potential of Rs 42,500 crore under the scheme. The proposed investments are expected to generate 70,000 job opportunities and add 26 million tonnes of speciality steel capacity in the country. When asked about the share of JSPL in the said investment amount, Jha replied, "Our commitment to the PLI scheme (for specialty steel) will be around Rs 7,930 crore." JSPL through subsidiary company Jindal Steel Odisha has submitted the highest number of entries to manufacture eight types of specialty st

PLI scheme to deliver modest capex push across sectors: Credit Suisse study

Scheme is skewed towards assembly-based operations for attaining peak revenue targets, but they make the least capex investment

Enhance budget for PLI scheme and widen its coverage: Assocham

The government's PLI scheme, introduced in 2021, had an outlay of around Rs 2 trillion for 13 sectors