Page 42 - Pli Scheme

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, ...

VE Commercial Vehicles plans to tap auto PLI via electric vehicle route

Last week, the government had cleared the PLI scheme for the auto industry with an outlay of Rs 25,938 crore, slashed from the initial outlay of Rs 57,042 crore

Pure-play electric two-wheeler firms may fail to ride auto PLI scheme

Unsurprisingly, the maximum investment has gone into creating capacities for electric two-wheelers, followed by the rest

BS Views of the Week: Fixing green finance and some hard choices on China

From the problem with how green is viewed in the world of finance to hard choices as China increases its dominance in East Asia, here's what Business Standard columnists and editorials had to say this week

Surya Roshni soars 11%, hits new high on strong growth outlook

With a focus on improvement in product mix in steel pipes segment, the broking firm IDBI Capital expect Surya Roshni's margins to improve over the next two-three years

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