Page 3 - Pli Scheme

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

Is China using 'silent sanction' on talent to target India's mfg sector?

Over 300 Chinese technicians exit Apple supply chain; experts believe that the move may slow down skilling and affect efficiency but not production quality in Indian manufacturing sites

Cabinet approves ₹1 trillion employment-linked incentive scheme

The ELI scheme aims to generate over 35 million jobs by incentivising first-time workers and employers; EPFO-linked scheme covers jobs from August 2025 to July 2027

Best of BS Opinion: PLIs can't succeed without deeper structural reforms

Today's pieces span multiple issues, from overseas acquisitions by PSUs, PLI schemes' success, the proposed India-US BTA, and the debilitating effect of quality issues across sectors

Best of BS Opinion: Trump's citizenship rules may upend world order

Two of today's pieces weigh in on President Trump's proposed ban on birthright citizenship and its wider consequences.

50% eligible cos got telecom manufacturing PLI incentives till March 31

Under the telecom production-linked incentive scheme, only 21 out of the 42 eligible manufacturers have been able to get incentives till March 31, 2025, as per data shared by the Department of Telecom. The Department of Telecom has disbursed Rs 1,162 crore for the telecom product-linked incentive scheme till March 31, this year. The telecom product-linked incentive scheme came into effect from April 1, 2021 and is scheduled to end this fiscal year. "Total incentive disbursed under the Scheme till March 31, 2025 is Rs 1,162.03 crore," DoT said in response to information sought under Right to Information. Only 21 out of the 42 shortlisted companies have received the incentive, while two companies were rejected for failing to achieve the target as per the scheme guidelines. The claim applications of two beneficiaries -- Coral Telecom Ltd for FY 2021-22 and -- Alphion India Pvt Ltd for FY 2022-23 have been rejected due to non-achievement of eligibility threshold criteria," the DoT ...

Govt working on a separate PLI for garments: Textile minister Giriraj Singh

The Indian textile industry, which was worth $112 billion a decade ago, has grown by nearly 60 per cent to $176 billion today and our target is to grow it to $350 billion by 2030, says Giriraj Singh

Dedicated PLI scheme for green HEMMs vital to boost investment: Report

There is need for a dedicated production-linked incentive scheme for manufacturing of electric and other alternate fuel-based Heavy Earth Moving Machinery (HEMMs) as it will help unlock new investment, says a report. India currently has limited domestic demand for electric and alternate fuel HEMMs. In the absence of stable domestic demand, original equipment manufacturers, suppliers are unlikely to make the capital-intensive investments needed to manufacture electric and other alternate fuel HEMMs and localise key components, the report by the apex mining body said. There was a "need for a dedicated Production-Linked Incentive (PLI) scheme for electric and alternate fuel-based HEMMs and their critical sub-systems -- in line with existing PLI schemes for auto and auto components," the Federation of Indian Mineral Industries (FIMI) said in a report. The scheme should prioritise high-value components with significant import dependence and offer graded incentives linked to value additi

Tejas Networks shares gain 5% on receiving ₹123 crore under PLI scheme

Tejas Networks' stock rose nearly 5 per cent after it received ₹122.96 crore as the first tranche under the PLI scheme

SME Tracker: Electronics MSMEs to get boost from PLI, domestic demand

Additional boost is expected from the recently approved Electronics Component Manufacturing Scheme, which aims to achieve self-reliance in the electronics supply chain and foster a robust ecosystem