Page 38 - Pli Scheme

PLI scheme in food processing will allow large scale capacity: FMCG cos

With the government approving their applications for the production linked incentive (PLI) scheme in food processing, the companies said it will also play a key role in promoting job creation

Nestle gets govt approval for PLI scheme for processed fruits, vegetables

FMCG major Nestle India on Tuesday said it has received approval from the government for the production-linked incentive (PLI) scheme for processed fruits and vegetables. In June 2021, the company had submitted its proposal towards the Indian government's PLI for the food processing sector under the eligible categories of ready-to-eat/ready-to-cook and processed fruits and vegetables, Nestl India said in a regulatory filing. It further said that on December 6, 2021, the company has "received communication from the Government of India that its proposal with respect to processed fruits and vegetables has been approved". Thanking the government for the approval, Nestl India said it has "always believed that the PLI scheme for the food processing sector will help farmers and the food processing industries". It is overall a good step for an industry that has one of the better ratios of capital investment and employment generation, the company said. The food processing ministry on Monda

Food processing ministry okays 60 applications under PLI scheme

In March this year, the Union Cabinet approved a PLI scheme for the food processing sector

Parag Milk gains on securing PLI nod for Category 1 of mozzarella cheese

Parag Milk Foods, through the PLI application on June 15, 2021, had received an approval for sales-based incentive for mozzarella cheese product for the period 2021-27

Won't be able to meet targets, extend PLI by a year: Telecom gear makers

Some of the companies have made it clear that they will not be able to meet their stiff incremental investment and production targets for the first year

New products, exports to drive growth for Dixon Technologies

Focus on backward integration and value addition to help on the margin front

Cabinet secy-led panel to take call on more allocation to PLI pharma

The department has urged the top government panel to provide additional funds of around Rs 3,000 crore under the scheme for pharmaceutical medicines

Rakesh Mohan, Krishnamurthy Subramanian sing divergent tunes on PLI scheme

Vijay Kelkar bats for single 12% GST rate

Centre got positive feedback from industry on PLI schemes: Goyal

Goyal on Thursday said there has been very positive feedback from the industry on the recently announced production-linked incentive (PLI) schemes by the Central government

Very positive industry feedback for various PLIs announced by Centre: Goyal

Union Minister urges the states to undertake suitable amendments in labour laws to take advantage of PLIs induced manufacturing growth

India Inc to press the pedal on fresh investments with PLI, say experts

CEOs say worst is behind and they're re-evaluating plans as capacity utilisation is increasing

Laminate industry approaches NITI Aayog, DPIIT for inclusion in PLI scheme

Providing benefits to the laminate sector will not only cement its position in the world market, but also expand its horizon to newer shores

Govt includes CNG, LNG, 98 other advanced tech under auto PLI scheme

The scheme aims to boost manufacturing capability of the automobile sector, including the electric and hydrogen fuel cell vehicles

Top headlines: Govt eyes $30 bn from PLI, NCLT readies to fast-track cases

Business Standard brings you the top headlines at this hour

Govt looks to net $30 billion in fresh funds through PLI scheme

The government itself is expecting investments of Rs 40,000 crore in speciality steel through the PLI scheme for which it has earmarked an outlay of Rs 6322 crore as incentives

42 of 52 companies selected under PLI scheme for white goods: DPIIT

The approved investments of Rs 4,614 cr are likely to generate net incremental production of Rs 81,254 cr and direct employment of 44,000 people

SAIL exploring categories under PLI scheme for specialty steel: Chairman

State-owned SAIL is expected to make investments under the PLI scheme for specialty steel as the steel giant is in process of "examining categories under the scheme." SAIL is evaluating the guidelines of the scheme and would reach a conclusion with respect to investments under it accordingly, company's chairman Soma Mondal told PTI. Replying to an e-mailed query on SAIL's investment plans under the PLI scheme, she said "SAIL is presently in process of examining various categories under the PLI scheme, for feasibility and which may synergize with SAIL's current capabilities...The process of evaluation is ongoing based on the detailed guidelines, it would take some time to crystalize the specific investment plans." Mondal also informed that post identifying product category under the scheme, if required, SAIL's Research & Development Centre for Iron & Steel and the Centre for Engineering and Technology shall work in tandem with steel plants of the company to develop the products

PLI scheme for specialty steel likely to attract Russian investors

Steel manufacturing firms from Russia are expected to make investments in India under the production-linked investment (PLI) scheme for specialty steel, according to an official. Mukesh Kumar, the Director of Steel Research & Technology Mission of India (SRTMI), said there are some Russian companies interested in setting up businesses in India. The SRTMI is a collaborative research platform formed jointly by the steel ministry and domestic steel players which facilitate research and development (R&D) in the iron and steel sector by strengthening association among industry, academia and research bodies. Kumar was replying to a question on whether there are potential domestic and international players who could invest in India's steel sector under the PLI Scheme for Specialty Steel. "Our Steel Minister Ram Chandra Prasad Singh recently went to Russia. We are expecting steel producing companies that have technologies like NLMK and Severstal of Russia," he told PTI. Severstal even

PLI for food processing a game-changer, to boost agri-exports: FMCG players

Leading FMCG companies have termed the PLI scheme approved by the government for the food processing sector as a game-changer which would help bring more investment

Dixon CMD Interview: Sunil Vachani on how PLI scheme can be a gamechanger

In this exclusive interview, Dixon Technologies CMD Sunil Vachani talks about what his company wants to achieve through the PLI scheme, its planned investments and acquisitions, besides much else