Page 4 - Pli Scheme

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

PLI for mobiles must extend beyond FY26: Bhagwati Products cofounder

Bhagwati Products targets ₹12,000 cr revenue in FY26

Panasonic's India arm aims for over 10% growth in FY26 on strong AC sale

The company witnessed a record 30 per cent sales growth in consumer appliances in the ongoing summer season, primarily led by the sale of air conditioners

EMS companies likely to gain from current tariff war and PLI scheme

The component PLI scheme will increase domestic value addition. The key beneficiaries may be Dixon, Amber and Kaynes among others

US tariffs: Calls grow louder for PLI push to mitigate looming trade risks

US President Donald Trump has announced reciprocal tariffs of 27 per cent on imports from India effective April 9

Big players, bigger bets: Tech firms line up for Rs 23K crore PLI jackpot

Industry awaits fine print as scheme promises over 5% incentives

Industry cheers Rs 22,919 crore PLI boost for electronics components

The scheme focuses on key components such as batteries, displays, camera modules, and printed circuit boards (PCBs) to enhance India's electronics supply chain and reduce import dependence

Cabinet approves ₹22,919 cr PLI for non-semiconductor electronics component

Electronic industry has been urging the central government to create a separate production-linked incentive for non-semiconductor electronics since 2022

Cabinet clears Rs 22,919 crore PLI scheme for passive electronic components

The Union Cabinet on Friday approved a production-linked incentive scheme for passive or non-semiconductor electronics components with an outlay of Rs 22,919 crore, Union Electronics and IT Minister Ashwini Vaishnaw said. It is the first scheme that focuses on promoting the manufacturing of passive electronic components. The minister said that the scheme will create direct employment for 91,600 people and attract investment of around Rs 59,350 crore. "Passive components are approved under the Electronics Component PLI scheme. It has a total package of Rs 22,919 crore. This will be over six years," Vaishnaw said. The minister said that that segment will serve the requirements of several sectors, including telecom, consumer electronics, automobile, medical devices, power sector etc. He said that the scheme is expected to lead to production of Rs 4.56 lakh crore. According to electronics component makers body Elcina, non-semiconductor components production in India was around USD 13

BMW Industries jumps 10% after signing MoU with Steel ministry under PLI

The stock was in demand after the company inked a Memorandum of Understanding (MoU) with Ministry of Steel under the Production Linked Incentive (PLI) scheme 1.1 for specialty steel