Page 37 - Pli Scheme

RIL unit, M&M among 10 cos to bid under PLI scheme for ACC battery storage

RIL subsidiary Reliance New Energy Solar, Hyundai Global Motors, Ola Electric, Mahindra & Mahindra and Larsen & Toubro are among the 10 firms that have submitted bids under the Rs 18,100 crore production linked incentive (PLI) scheme for Advanced Chemistry Cell (ACC) battery storage, the government said on Saturday. A total of 10 bids with capacity of 130 Gwh -- over twice the manufacturing capacity to be awarded -- were received. Amara Raja Batteries, Exide Industries, Rajesh Exports, India Power Corporation and Lucas-TVS have also submitted bids. "Industry has reposed its faith in India's stellar progress as a world class manufacturing destination which resonates strongly with Prime Minister's clarion call of Atma Nirbhar Bharat - a self-reliant India," an official statement said. The government approved the PLI scheme 'National Programme on Advanced Chemistry Cell (ACC) Battery Storage' for achieving manufacturing capacity of 50 Giga Watt Hour (GWh) for enhancing India's ...

115 companies file applications under PLI scheme for auto component sector

The govt has approved the Production Linked Incentive scheme for automobile and auto components Industry in India with a budgetary outlay of ₹25,938 cr

Govt plans tax incentives to make India 'safe, affordable' air sports hub

Policy paper proposes production linked incentive scheme to boost domestic manufacturing of air sports equipment.

IT, pharma, electronics departments ask for top-up funds in PLI push

Govt sets up panel to look into demand after strong industry response

Govt begins inviting applications under PLI scheme for speciality steel

March 29, 2022, has been fixed as the last date to submit the applications

Arvind, KPR Mill, Gokaldas: Textile stocks that can gain up to 12%

Major textile stocks are witnessing sideways to breakout formations, this may see stronger interest of market participants.

Govt issues operational guidelines for PLI scheme for textiles sector

An Empowered Group of Secretaries (EGoS) chaired by the Cabinet Secretary will monitor the progress of the scheme

PLI a game changer in attracting global firms to set up shop in India: FM

The scheme, announced in the Union Budget 2021-22 with an outlay of Rs 1.97 lakh crore, covers 13 champion sectors

Govt issues guidelines for textiles PLI scheme worth Rs 10,683 crore

Companies have to inform the ministry of textiles about their annual investment plan.

IT Min tweets 'Intel-welcome to India' after top exec lauds chip incentives

IT Minister Ashwini Vaishnaw on Tuesday took to Twitter to "welcome" Intel to India following a post by Intel Foundry Services president Randhir Thakur lauding the semiconductor design and manufacturing incentives announced by the government recently. Earlier this month, the government had approved a Rs 76,000-crore scheme to boost semiconductor and display manufacturing in the country, in a bid to position India as a global hub for hi-tech production, and attract large chip makers. The move is expected to further India's ambitions to be self-reliant in electronics manufacturing, bring massive investments and result in 35,000 specialised jobs apart from indirect employment for one lakh people. IT Minister Ashwini Vaishnaw on Tuesday tweeted "Intel - welcome to India." This was in response to a tweet by Intel's Thakur which said, "Congrats to @GoI_MeitY @AshwiniVaishnaw @Rajeev_GoI for Semiconductor design & manufacturing incentives for India as hub for electronics & ...

Despite sluggish domestic demand, PLI builds FMCG appetite for expansion

Amul has accelerated its expansion plans in ice creams and other ready-to-eat products

A good initiative

States hold key to success of semiconductor incentive plan

Omicron LIVE: 5 more cases detected in Karnataka; India's tally at 83

2 of the 5 new cases are from Delhi, says Karanataka Health Minister

Organised dairy players to gain from recent PLI scheme: Report

The scheme offers incentives based on sales growth based on investment incurred by companies between FY22 and FY27

Cabinet approves Rs 76,000-cr scheme for semiconductor manufacturing

The Union Cabinet on Wednesday approved a production linked incentive (PLI) scheme for semiconductor and display board production in the country, I&B Minister Anurag Thakur said. The scheme envisages investment of Rs 76,000 crore in semiconductor production over the next 5-6 years, he said. Telecom and IT Minister Ashwini Vaishnaw said the decision will help design, fabrication, packing and testing of the microchips and develop a complete ecosystem.

Industry players hail thrust on chip, display manufacturing in India

India Cellular and Electronics Association (ICEA) Chairman Pankaj Mohindroo said this is a profound decision

Top headlines: Rs 76k-cr scheme for semiconductors; RBI penalty on 2 banks

Business Standard brings you the top stories on Wednesday

Pharma firm Venus Remedies makes the cut for PLI Scheme

Under this scheme, Venus Remedies will make a committed investment in plant and machinery, get incentives on incremental sales of pharmaceutical products

PLI for food processing: Parle Products expects 20-25% growth in exports

Biscuits major Parle Products expects 20-25 per cent growth in exports on the back of the govt's PLI scheme in the food processing sector, for which it has received approval

Inter-ministerial panel reviews strategy to buy lithium mines overseas

An inter-ministerial meeting, chaired by power minister R K Singh, discussed PLI scheme on Advanced Chemistry Cell Battery Storage, and also reviewed the strategy for acquiring lithium mines abroad.