Page 40 - Pli Scheme

Another industrial policy misstep

PLI for auto sector goes in the wrong direction

Dixon, Hindalco, Daikin and 49 others apply for PLI scheme for white goods

The budgetary outlay of the scheme is Rs 6,238 crore. Any unutilized amount from the scheme allocation will be reviewed later

Auto PLI scheme focuses on EVs; Tata Motors, Bajaj Auto to gain: Analysts

The timing of the Auto PLI scheme has to be seen in the context of investment leaving China due to regulatory crackdown, say analysts

PLI scheme for drones to open new verticals for drone utilisation: Experts

The production-linked incentive (PLI) scheme for drones will not only boost domestic manufacturing of drone and drone components but also bring in new use cases and applications across various sectors, industry experts said. The Union government on Wednesday had approved a PLI scheme for drones and drone components with an allocation of Rs 120 crore spread over three financial years. Paras Jain, founder, and Chief Executive Officer of Indo Wings said the approval of the PLI scheme for drones will bring tremendous benefits for all the sectors of the economy. "...this would open many more verticals for the utilisation of drones...It was encouraging to see the government's consideration of startups in the drone ecosystem due to which they have kept the revenue requirement of only Rs 2 crore for MSMEs ( Micro, Small & Medium Enterprises) to avail PLIs," he said. The Centre has kept the eligibility norm for MSME and startups in terms of annual sales turnover at a nominal level -- Rs 2 .

Drone industry will have turnover of up to Rs 15,000 cr by 2026: Scindia

The government has given a major boost to the sector with the production-linked incentive (PLI) scheme announced on Wednesday: Scindia

52 cos apply with Rs 6,000-cr investment proposals for AC, LED PLI scheme

Around 52 companies have applied for availing PLIs for white goods makers, proposing an investment of around Rs 6,000 crore in the manufacturing of components for air conditioners and LED lights.

Cabinet clears Rs 26,000-cr PLI scheme for auto sector to boost production

Over a period of five years, the PLI scheme for the auto sector will lead to fresh investments of over Rs 42,500 crore and incremental production of over Rs 2.3 trillion

Companies enthusiastic about PLI scheme: Heavy industries secy Arun Goel

'There are many components of ICE vehicles that are not made in India and those will be incentivized', said Goel

'PLI for auto aims to ramp up new technologies in the sector'

PLI scheme for the auto sector primarily aims to target two areas. OEM incentive scheme is linked to value sales and is applicable on battery electric and hydrogen fuel cell vehicles of all segments

Union Cabinet clears PLI scheme to make India a drone hub by 2030

The PLI scheme will provide up to 20% incentive to manufacturers of drones and drone components

PLI scheme will accelerate commitment to new technologies: Automakers

The scheme will contribute towards reducing carbon emissions and oil imports with local manufacturing

Revised PLI scheme would give the right impetus for the industry: TVS Motor

The revised PLI Scheme announced by the Centre on Wednesday would give the right impetus for auto industry to move faster towards future technologies, TVS Motor Chairman Venu Srinivasan said.

Cabinet clears auto PLI scheme for EVs, hydrogen fuel cell vehicles

Incentives worth Rs 26,058 crore will be provided to industry over five years

Fearing WTO backlash, govt puts on hold textile PLI export targets

Govt officials say they are cautious as they don't want to be trapped in the WTO quagmire

Top headlines: Aug exports rise 46%; US consumer price growth cools

Business Standard brings you the top headlines on Tuesday

Cabinet may approve revised PLI scheme for auto sector on Wednesday

The government is believed to have slashed the outlay for this PLI scheme to about Rs 26,000 crore: report

Textile PLI scheme: 35 companies line up Rs 10,000-crore investment

The textile sector is worried about the stringent parameters, including the Rs 600-crore turnover and targets of additional incremental turnover of 25 per cent over the preceding year

KPR Mills, Raymond, Arvind: PLI scheme may trigger rally up to 23%

The shares of textile sector have witnessed renewed buying interest by market participants after the Union Cabinet approved the production-linked incentive (PLI) scheme on Wednesday.

Union Cabinet approves Rs 10,683-crore PLI scheme for textile sector

The scheme will attract fresh investment of over Rs 19,000 crore, a cumulative turnover of over Rs 3 trillion

Top headlines: Rs 10,683-cr PLI for textiles; 8% dip in Maruti's production

Business Standard brings you the top stories this evening