Page 3 - Pli Scheme

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

MSMEs make up 80% of 70 bids for electronic component manufacturing scheme

The government has received 70 applications for Rs 23,000-crore electronics component manufacturing scheme, and majority of applicants are small and medium enterprises, Union minister Ashwini Vaishnaw said. These applications have come within half a month of opening the window for the scheme "Electronics Component Manufacturing Scheme has received tremendous response. Within 15 days of opening the application, around 70 applications have come," Vaishnaw told PTI. The minister did not disclose the name of applicants. However, sources have earlier mentioned that Tata Electronics, Dixon Technologies, and Foxconn were among the big players that have shown interest in the scheme. Vaishnaw said that while some of the big players have applied, there has been huge interest in the scheme from small and medium players. "80 per cent of the applications have come from small and medium enterprises," the minister said. The government opened applications for the Rs 22,805-crore electronics ...

Electronic parts PLI: Govt may clear 1st lot of eligible players in a month

The ministry is also working on revamping the design-linked incentive (DLI) scheme, which is part of the semiconductor mission, and has so far had a subdued response

ACC PLI beneficiary companies seek extension; govt may consider it

Firms cite equipment delays from China for missing ACC PLI milestones; govt mulls extension request, penalties imposed for breaching December 2024 deadline

Firms skipping PLI tend to be more capital-disciplined: Ather Energy CEO

Businesses not availing PLI scheme tend to be more "disciplined" in capital (allocation) besides more durable in pricing and margins, Ather Energy Co-founder and CEO Tarun Mehta said on Tuesday as the shares of his company started trading on stock exchanges after a Rs 2,981-crore public float. Mehta also sounded bullish on the domestic EV industry and said that Ather was set to play a major part in the domestic premium e-two-wheeler space with plans to expand both product offerings and distribution network. The Rs 2,981-crore initial share sale had a price band of Rs 304-321 apiece and shares listed with a premium of over 2 per cent against the issue price. The initial public offering (IPO) was a combination of a fresh issue of equity shares worth Rs 2,626 crore and an offer-for-sale of 1.1 crore equity shares by promoters and other shareholders. "I think not having PLI forces the business to be very disciplined with capital. PLI is not a 20-year scheme. It's another few years left.

PLI scheme: Meity, industry bodies plan roadshows to woo electronics firms

The countries identified for this roadshow include South Korea, Japan, Taiwan, and the United States, the geographies in which big companies manufacturing electronic components are based

Centre unveils guidelines for ₹22,919 cr electronics manufacturing scheme

Union Minister Ashwini Vaishnaw rolled out guidelines for the Electronics Component Manufacturing Scheme to boost domestic manufacturing, attract investments, and build a strong electronics ecosystem

HP India to start local laptop, desktop manufacturing with Dixon from May

HP teams up with Dixon to kick off local production in May, aiming to nearly double output and tap into India's rising demand and PLI-driven manufacturing push

Manufacturing funds: Bet on potential gains from global trade shifts

There are 12 actively managed manufacturing funds, which have total assets under management (AUM) of ₹32,999 crore. Four passive funds also exist; they together have an AUM of ₹473 crore

Global laptop brands tap India as China risk grows, PLI gains traction

India's ₹17,000-crore PLI scheme is making global laptop brands like Asus, HP and MSI to shift production from China to India, boosting domestic manufacturing and ecosystem development

Ringing loud: Electronics climbs to third spot on India's export ladder

From fifth place in FY24 to now a pharma, gems and jewellery challenger

Panasonic India seeks separate PLI for compressors, motors, pcb boost

A separate production-linked incentive (PLI) for the air conditioner segment, focusing on high-value components like compressors and motors, is the need of the hour, Panasonic India head Manish Sharma said, echoing the demand of the industry. On the government's recent PLI scheme for passive or non-semiconductor electronics components, Sharma, the Chairman of Panasonic Life Solutions India, said it will encourage the industry and boost its competitiveness in the global markets. On March 28, the government approved a production-linked incentive scheme for passive or non-semiconductor electronics components with an outlay of Rs 22,919 crore. It is the first scheme that focuses on promoting the manufacturing of passive electronic components. Currently, India imports USD 12-13 billion worth of non-mobile electronics. Almost USD 5-6 billion of PCB (printed circuit board) are being imported from elsewhere for assembling here, he said. "Now, the industry is being encouraged. We should sta