Mobile manufacturers shortlisted under a production linked incentive scheme invested Rs 1,300 crore and produced goods worth around Rs 35,000 crore in the 2020 December quarter
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The government on Wednesday approved a production linked incentive (PLI) scheme for white goods - Air Conditioners and LED Lights - with a budgetary outlay of Rs 6,238 crore
Seeks different schemes for firms with higher targets, and smaller ones
With the markets turning range-bound, investors are looking for bottom-up investment opportunities
The scheme was the first among the 10 new PLI schemes across various sectors which was announced last September
Indian FMCG majors like ITC, Adani Wilmar & Marico, apart from MNCs like Nestle are expected to benefit
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The government on Wednesday approved a production-linked incentive (PLI) scheme for the food processing sector, entailing an outlay of Rs 10,900 crore. The Union Cabinet, chaired by Prime Minister Narendra Modi, approved the scheme which will help create 2.5 lakh jobs, boost exports and ensure availability of a wider range of value-added products for consumers. "The PLI for the food processing sector with Rs 10,900 crore incentive has been approved. The decision is a fitting tribute to our farmers," Food Minister Piyush Goyal said while briefing the media about the cabinet decisions. Information and Broadcasting Minister Prakash Javadekar said that the government in the Budget had announced PLI scheme for 12-13 sectors. PLI has been announced for six sectors already. "Today, PLI for the food processing industries has been approved," he said. This will boost production of value-added food products, attract foreign investment, create job opportunities besides benefiting farmers with
Last year, the govt introduced a PLI scheme for mobile phones, electronic components, critical pharma drugs and medical devices, which saw huge traction among global as well as Indian manufacturers
Companies eligible for the scheme ask govt to invoke force majeure clause
PLI scheme for large-scale electronics manufacturing and IT hardware along with the scheme to promote component manufacturing will reduce the country's dependence on Chinese electronic products
India is to be Apple's second significant global hub
Dixon Technologies said the rationale behind the stock split is to encourage wider participation of small investors and to enhance the liquidity of the equity shares at the stock market.
According to experts, the technology is held by a select few companies in China, South Korea, Taiwan, and Japan
In the past six months, the stock of Aarti Drugs has underperformed the market by falling 7 per cent as against a 29 per cent rally in the Sensex
The key sectors covered under the scheme include telecommunication, food processing, medical devices, automobile and its components, textiles and solar PV modules
In total, 215 applications have been received for the 36 products spread across the 4 target segments, the Ministry of Chemicals and Fertilizers said in the release
Move over Italy, India could soon become the global export hub of mozzarella cheese