Page 35 - Pli Scheme

Aviation Ministry invites applications for PLI schemes for drones

The Civil Aviation Ministry on Thursday invited second round of applications for the production-linked incentive (PLI) scheme that was announced last year to boost drone manufacturing in India. The first round of applications for this scheme were invited on March 10 and its results were announced on April 20, wherein Adani Group's joint venture company with Israeli firm Elbit, IdeaForge Technology, and 12 other drone companies were selected as beneficiaries. The ministry had on September 16, 2021, announced the PLI scheme for drones and drone components with an allocation of Rs 120 crore spread over three financial years. Under the PLI scheme, the incentive for a manufacturer of drones and drone components will be 20 per cent of the "value addition" made by the company during the next three years. The value addition is calculated as the annual sales revenue from drones and drone components (net of GST) minus the purchase cost (net of GST) of drone and drone components. About the .

Why we must clearly define atmanirbharta and our reasons for chasing it

Employment deficit is a bigger problem for India than trade deficit. That and the feasibility question should not be lost in PLI's search for strategic self-reliance, writes T N Ninan

What are advanced chemistry cells?

Advanced chemistry cell batteries may soon be manufactured in India, thanks to the government's PLI scheme. These cells account for 80% of the cost of lithium-ion batteries. Let's find out more.

Top headlines: LIC IPO, India Inc capex push, PLI round 2, and more

Here are the top headlines on Wednesday morning

White goods PLI round 2: 19 global, domestic companies file applications

A senior government official said the second round of applications was invited as the entire allocated funds were not utilised.

19 firms file applications under PLI scheme for white goods in 2nd round

The ministry said that among the 19 applicants, eight are for AC components and 11 for LED Lights

India's largest gold refiner emerges as key player in high-tech PLI schemes

The company topping the evaluations rankings is unlikely to ring a bell: Rajesh Exports

PLI scheme with a return for the government

Despite the massive opportunity cost of the PLI scheme, there is considerable enthusiasm amongst the proponents of the scheme

Only 9% of India's semiconductor needs fulfilled locally in 2021: IESA

The Indian semiconductor market was valued at $27 billion in 2021 and is expected to grow at a healthy CAGR of 16% from 2019 to 2026 to reach $64 billion in 2026, says IESA report

We will regain 50% market share gradually: Maruti Suzuki CEO

In a Q&A, Hisahi Takeuchi also explains why the company won't be able to launch its first EV in the affordable segment

Govt okays 61 firms for textiles PLI scheme, aims Rs 19,077 cr investment

Seven foreign companies have committed total investment of Rs 3,559 crore for the plan

Govt approves 61 proposals of over Rs 19k cr under PLI scheme for textiles

Textile Secretary U P Singh said that a total of 67 proposals were received under the PLI scheme for the textiles sector

GatiShakti, PLI scheme to offset global headwind, boost growth: FinMin

'Geopolitical conflicts and their consequent impact on food, fertiliser and crude oil pri­ces cast a cloud on the growth outlook globally'

Top Headlines: Tax collections at Rs 13 trn; PSBs stare at Rs 13k crore-hit

In FY22, direct tax collections broke all records, touching Rs 13,81 trillion. Future Retail and Future Enterprises defaulted on loan repayments worth Rs 8,157.97 crore. More in our top headlines:

Testing times for PLI schemes: Covid-related delays put firms in pressure

Companies have petitioned the government to double the incentive from 2.5 per cent to 5 per cent and extend the tenure

What are the challenges facing the PLI scheme?

Apple is ramping up its production in India. The govt's production-linked incentive, or PLI scheme, seems to have helped it. Is it good for other sectors too? And what are the challenges it is facing?

TMS Ep141: Income tax changes, PLI challenges, markets, Bear Trap

What is going to change for income tax payers from today? What are the challenges facing PLI scheme? Will rising interest rates and muted earnings dampen FY23? What is a Bear Trap? All answers here

Top headlines: Govt to review PLI progress; Axis buys Citi's India's biz

The central government will do a two-stage review of the PLI scheme to determine its progress and implementation across sectors. More on this in our top headlines.

iPhone production under PLI scheme may hit Rs 25,000 crore in FY23

Apple vendors pledge 3x rise in manufacturing over FY22

Govt to undertake a two-stage review to determine PLI scheme progress

This will be followed by utilisation of unused funds and the possibility of reallocation to the government department and ministries, which need more amounts, will be assessed