Page 43 - Pli Scheme

Dependence on imports in the steel sector is worrisome: R C P Singh

Newly appointed Steel Minister says the announcement of the Rs 6,322-cr PLI scheme for specialty steel is another step towards 'Atmanirbhar Bharat'

Union Cabinet approves Rs 6,322 crore PLI scheme for speciality steel

Move likely to attract investment of Rs 40,000 crore, capacity addition of 25 mn tonnes; create over 500,000 jobs

PLI boost spurs solar manufacturers to look at new schemes for growth

A basic Customs duty of 40 per cent on solar cells and 25 per cent on modules will come into effect from April 1, 2022

Maharashtra announces sops up to Rs 20 lakh for electric vehicles

Housing societies to get property tax rebate for setting up charging stations; State targets 10% share of EVs in total registrations by 2025

Samsung gives PLI scheme for IT hardware and telecom equipment a wide berth

It has bet big on Vietnam as its key global manufacturing hub for exports

Diminished role for commerce ministry in export promotion may continue

With the Commerce Minister holding the additional charge of the Textiles Ministry, it is likely that more funds will be diverted to encourage exports of labour intensive textiles.

ReNew Power to bet on Solar PLI scheme, plans manufacturing foray

Firm is among top-5 renewable energy players in India with a solar and wind power portfolio of 9.8 Gw of commissioned and under construction capacity

VVDN gets approval under PLI Scheme for IT hardware manufacturing

VVDN Technologies, a premier electronic product engineering and manufacturing company, has been approved by the Ministry of Electronics and Information and Technology (MeitY) under the Production Linked Incentive scheme (PLI) for IT hardware.VVDN is amongst the 14 companies domestic and international, which has been granted approval for IT hardware manufacturing under Production Linked Incentive (PLI) scheme for IT hardware products. VVDN has also participated in the Govt. of India's PLI Scheme for Telecom and Networking equipment.With 5 state-of-the-art manufacturing units and 10 design centers across India, VVDN does the complete R & D, engineering and manufacturing of products in the domains 5G & Datacenter, Networking & Wi-Fi, Vision, and IoT. In IT hardware space, VVDN has vast experience in doing the design, development and manufacturing of rack storage servers, communication servers, ruggedized tablets, IoT tablets, desktop all-in-one PCs.Over the last year, ...

Samsung skips telecom PLI scheme; Ericsson participates through Jabil

South Korean electronics major Samsung has not applied for the production-linked incentive scheme for telecom gear manufacturing

HFCL's m-cap crosses Rs 10,000 crore mark; stock zooms 86% in a month

5G technology is the next big upgrade for telecommunication networks and HFCL is gearing up to offer various products, solutions and services for this segment

Centre approves 14 eligible applicants under PLI scheme for IT hardware

The target segments under the PLI Scheme for IT Hardware include laptops, tablets, all-in-one personal computers and servers

Taiwanese giant Wistron exceeds PLI investment obligation in just 8 months

Apple manufacturer invests Rs 1,255 crore in India factory

Infrastructure fund yields depend on govt expenditure, say analysts

Let managers of diversified equity funds decide exposure, avoid direct investment

Breather for electronics manufacturers as govt extends PLI by a year

Move will help mobile handset and other electronics makers impacted due to lockdowns

Inadequate planning

PLI schemes are being spread across too many sectors

Govt asks industry to take benefit of PLI, food processing sector schemes

Food Processing Industries Minister Narendra Singh Tomar on Thursday called the industry players to take benefit of the government initiatives, including the production-linked incentive (PLI) scheme. "The government is committed to the development of the food processing sector. The government has taken several initiatives to harness the food and horticulture potential of the country," an official statement quoted Tomar as saying at the northern region food processing summit organised by industry body CII. The government has launched the PLI scheme for the food processing industry, under which Rs 11,000 crore will be spent, he said. Another scheme 'Prime Minister formalization of Micro Food Processing Enterprises (PMFME) has been launched under the Atmanirbhar Bharat Abhiyan to enhance the competitiveness of existing individual micro-enterprises in the unorganised sector. The scheme focuses on supporting groups engaged in agri-food processing such as Farmer Producer Organizations ..

Electronics firm Foxconn, others among 29 register under telecom PLI

The scheme will be effective from April 1, 2021.

Economy likely to see cyclical upturn, says DSP Investment Managers' Sambre

'This may be driven by enhanced government spending in core areas,' says Vinit Sambre, head - equities and fund manager, DSP Investment Managers

Top headlines: E-com flash sale banned; Airtel ties up with Tata for 5G

Business Standard brings you the top headlines on Tuesday

Govt notifies Rs 18,100 cr-PLI scheme to promote ACC battery making

Production linked incentives for manufacturing advanced chemistry cell batteries will be offered only to those firms that have been allocated the production capacity