Page 29 - Pli Scheme

Top Headlines: FM likely to begin pre-Budget talks, Musk defends layoffs

Business Standard brings you the top headlines at this hour

'Price rise may be persistent as it has moved into core inflation in Asia'

The International Monetary Fund (IMF) recently released a regional economic outlook (REO) on Asia and Pacific, in which it cut the growth projections for the region

Giving a thrust: Exports to account for 48% of nine PLI schemes

Data suggests bulk of the exports will come from largescale electronic manufacturing, which is dominated by mobiles

Central government to introduce 7-8 PLI schemes in next Budget: Report

The new PLI schemes will likely cover segments like textiles, electronic components, furniture, toys and leather

Tejas Networks to invest Rs 750 cr under design-led PLI scheme for telecom

Tata Group firm Tejas Networks will invest over Rs 750 crore under design-led Production Linked Incentive (PLI) scheme for manufacturing of telecom and networking products, the company said on Tuesday. Tejas Networks is one of the 42 companies selected for the scheme. "In its application, the company has committed to make a minimum cumulative capital investment of Rs 750 crore over the scheme period," Tejas said in a regulatory filing. On Monday, the Department of Telecom granted approval to 42 companies, including 28 MSMEs, under the scheme for telecom and networking products, entailing total committed investment of Rs 4,115 crore by the firms. Out of them, 17 companies have applied for additional incentive of 1 per cent under the design-led manufacturing criteria.

'Centre looking at PLI 2.0 for textiles to make it globally competitive'

The government is considering the second phase of the Production Linked Incentive scheme for the textile sector to help the industry compete with top exporting countries like China and Vietnam, Union minister Piyush Goyal said on Tuesday. The minister for textiles and commerce and industry instructed officials of the ministry to undertake extensive and exhaustive stakeholder consultations before finalising the contours of PLI 2.0. He asked them to make PLI 2.0 robust and emphasised that PLI 2.0 would empower the sector to compete globally with top exporting countries like China, Vietnam, an official statement said. Chairing a review meeting of PLI for textiles, Goyal interacted with beneficiaries and asked the textile industry to strive to move up the value chain and focus on products of high value. Textile industry has immense potential to accelerate job creation, exports and growth, he said. Goyal emphasised that the textile sector's USP (unique selling point) should not be ...

HFCL gets nod to avail incentive up to Rs 653 cr under PLI scheme in 5G era

Telecom equipment manufacturer HFCL Limited said it has received an approval to avail incentive up to Rs 652.79 crore as part of government's PLI scheme, as the country kicks off the 5G era.

Top headlines: Customs, excise mop-up, 42 companies approved for PLI & more

The government set a target of Rs 3.35 trillion for excise and Rs 2.13 trillion for Customs mop-up for FY23 while presenting the Budget in February

Nokia, Samsung, Tejas Networks among 42 firms approved for PLI scheme

The scheme is crucial to strengthen the value chain of multiple verticals of 5G equipment. For these, India mainly depends on imports

Reverse auction must be done away with in solar: Vikram Solar vice chairman

In a Q&A, Gyanesh Chaudhary dwells on the gaps in the PLI scheme for solar projects and his company's current and future plans in this space

Global IT hardware industry players urge govt to postpone PLI 2.0 scheme

The IT industry has asked the govt to defer the implementation of the revised production liked incentive scheme, PLI 2.0

Solar manufacturing PLI to create 90 Gw addl capacity in India: R K Singh

India to have more than 60% power generation from RE by 2030, says minister

Govt considering extending Rs 35,000 cr PLI scheme to more sectors

The government is considering proposals to extend Rs 35,000 crore PLI scheme to different sectors such as leather, bicycle, some vaccine materials, and certain telecom products with an aim to boost domestic manufacturing and create jobs, an official said. PLI (production linked incentive) benefits are also being considered for toys, some chemicals and shipping containers. The proposals are at discussion stage. Inter-ministerial talks are going on to extend PLI benefits to all these different sectors as there has been demand from industry and certain departments, the official said. The government has already rolled out the scheme with an outlay of about Rs 2 lakh crore for as many as 14 sectors, including automobiles and auto components, white goods, pharma, textiles, food products, high efficiency solar PV modules, advance chemistry cell and speciality steel. The official said there are some savings from this Rs 2 lakh crore which could be considered for other sectors, and is under

PLI-eligible companies likely to invest Rs 50,000 cr in capex this fiscal

The average manufacturing capex for the last five years (FY16 to FY21) has also been pegged at Rs 4 trillion annually, says ICRA

In a first, India's monthly mobile phone exports touched $1 bn in September

Monthly mobile phone exports from India touched the $1 billion mark for the first time ever in the month of September this year

VVDN signs deal to make Intel products for telecom, networking in India

Gurgaon-based company is a beneficiary of the government's PLI scheme for IT hardware, telecom

Vietnam giving India a run for its money in the China Plus-One game

The smaller nation is scoring high in attracting global corporations and their suppliers

Strong rebound in BFSI funds makes a good case for taking an exposure

Since these funds can be volatile, limit your exposure to 5 per cent

At Rs 3,513 crore, Madhya Pradesh bags most textile PLI investments

Gujarat corners 13 projects, the highest

PLI for IT hardware: Draft proposes raising financial outlay by 2.5 times

Earlier, Ministry of Electronics and Information Technology (MeitY) held discussions with global IT hardware makers who are looking to move part of their production capacity from China to India