Page 39 - Pli Scheme

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.

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