Page 40 - Pli Scheme

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

BS Views of the Week: What govt needs to do on PLI scheme and vaccination

From how the government can make the best of the PLI scheme to what it needs to do next on the vaccination front to pull India out of the pandemic, here's what Business Standard columnists and editorials had to say this week

Government notifies PLI scheme guidelines for specialty steel

The government on Friday said it has notified guidelines for the recently announced Production Linked Incentive (PLI) scheme for specialty steel. On July 22, the Union Cabinet chaired by Prime Minister Narendra Modi had approved the Rs 6,322-crore PLI scheme to boost production of specialty steel in India, attract additional investment of about Rs 40,000 crore and generate fresh 5.25 lakh job opportunities. In a statement, the Ministry of Steel said that "guidelines for an effective operation and smooth implementation of PLI Scheme have been notified on October 20, 2021 on the website of the ministry. Guidelines offer clarity on operational aspects of the scheme such as the application, eligibility, disbursement of incentive and so on". The five categories of specialty steel which have been included in the PLI scheme are coated/plated steel products, high strength/wear resistant steel, specialty rails, alloy steel products, steel wires and electrical steel, the ministry ...

What is PLI for?

The Production-Linked Incentive scheme must drive learning to compete, not manufacture

PLI Scheme - How do production-linked incentive schemes work

How do performance-linked incentive schemes work? How do they spur production of goods? And how are the benefits passed on to manufacturers and consumers? Here's an explainer on PLI schemes

TMS, Ep 21: Zee-Invesco feud, Q&A with Wipro CEO, Markets, and PLI scheme

What led to the Zee -Invesco rift and what's the RIL angle? How does CEO Thierry Delaporte view the high attrition level at Wipro? What are PLI schemes and how do they work? Get all answers here

Nokia India, Foxconn, 29 others get DoT approval for PLI scheme

The DoT notified the PLI scheme for telecom and networking products on February 24 with a financial outlay of Rs 12,195 crore, over the five years

Dixon to invest Rs 200 cr under PLI; plans to acquire Bharti's plant

Dixon Technologies plans to acquire a Ludhiana-based manufacturing unit of Bharti Group to start making telecom gears under the production-linked incentive scheme announced for the sector

Govt approves 31 proposals for telecom PLI scheme of Rs 3,345 cr investment

The companies selected for the PLI scheme include Nokia India, HFCL, Dixon Technologies, Flextronics, Foxconn, Coral Telecom, others

Tata Motors: In advanced stages to raise $1 billion for EV biz - Report

Tata Motors fund raising has attracted multiple private equity funds from the US, Middle East and Southeast Asia for for EV business.

Dixon Technologies to make Acer laptops in India under PLI scheme

Dixon is an eligible player for the PLI scheme under the IT hardware category

PLI scheme: Auto component companies hope to pare imports

It would also reduce imp­orts from countries like China, Taiwan and South Korea and facilitate foreign collaborators to set up manufacturing footprint in India

Govt mulling to broaden PLI scheme to attract gaming device makers

Venture capitalists and private equity investors have recognised the Indian gaming market and have invested USD 1 billion in the last six months.

PLI Scheme for auto sector to promote electric vehicles needs a relook

The government's PLI scheme for automobile makers might leave the electric two-wheeler industry, which has seen a lot of action recently, out in the cold. Let's delve into the details of the matter

TMS, Ep 8: Sebi board meeting, Auto PLI scheme, Virat Kohli's T20 captaincy

Will Sebi discuss SVR at today's board meet? Does the auto PLI scheme give short shrift to two-wheeler EV makers? Will end of Virat's T20 captaincy hurt Brand Kohli? Get the answers in this podcast

Daikin to set up Rs 1,000-crore AC manufacturing plant in Andhra Pradesh

First firm to acquire land for a new factory under the PLI scheme for white goods

RIL, Adani, 17 others show interest to set up solar PV units under PLI

As many as 19 firms, including Reliance Industries Ltd (RIL), Adani Group and Tata have evinced interest for setting up solar manufacturing units under a production linked incentive scheme of the government. In April this year, the Union Cabinet approved a Rs 4,500 crore production linked incentive (PLI) scheme to boost domestic manufacturing capacity of solar PV modules. The scheme is aimed at adding 10,000 MW manufacturing capacity of integrated solar PV modules entailing direct investment of Rs 17,200 crore. "RIL, Adani Group, First Solar, Shirdi Sai and Jindal Poly have applied under the scheme for manufacturing polysilicon (stage-I), wafer (stage-II) and cells and modules (stage-III & IV). L&T, Coal India Ltd (CIL), ReNew and Cubic have bid for Stage II, III and IV," the source told PTI. The source also said nine other firms namely Acme, Avaada, Megha Engineering, Vikram Solar, Tata, Waaree, Premier, Emmvee and Jupiter have evinced interest for stage III and IV (cell, ...