Page 48 - Pli Scheme
Atmanirbhar campaign in sync with globalisation, PM tells MNC heads
Says India to soon supply two vaccines to the world, many more will come, going forward
 "Atmanirbhar campaign in sync with globalisation, PM tells MNC heads")
Five things the market will be watching in FM Sitharaman's third Budget
It has reacted negatively to her previous two budgets. This time too, it has come off over 5 per cent from the highs
 "Five things the market will be watching in FM Sitharaman's third Budget")
Tax sops over subsidies: Why PLI scheme doesn't enthuse India Inc
Local sourcing of components and state monitoring keep firms away from production-linked incentives
 "Tax sops over subsidies: Why PLI scheme doesn't enthuse India Inc")
Aurobindo Pharma, KAPL get nod for promotion of manufacturing bulk drugs
The government has given approval to drug firms includingAurobindo Pharma and Karnataka Antibiotics & Pharmaceuticals under the PLI scheme for promotion of domestic manufacturing of critical bulk drugs. The Production Linked Incentive (PLI) scheme aims at promotion of manufacturing of critical key starting materials (KSMs)/drug intermediates and APIs in the country. The setting up of plants under the scheme will lead to total committed investment of Rs 3,761 crore by the companies and employment generation for around 3,825 people,the Ministry of Chemicals and Fertilizers said in a statement. The applications of Aurobindo Pharma (through Lyfius Pharma) have been approved for setting up plants for the production ofPenicillin G, and 7-ACA, with committed production capacity of15,000 MT and2,000 MT, respectively. The committed investment for Penicillin G is Rs1,392 crore, and for 7-ACA isRs 813 crore, it added. The approval has also been given to Aurobindo Pharma (through Qule Pharma)
 "Aurobindo Pharma, KAPL get nod for promotion of manufacturing bulk drugs")
Govt may keep Rs 7,500 cr outlay for IT hardware under PLI scheme
The government has announced a cumulative production linked incentive of Rs 2 trillion for 10 sectors to encourage domestic manufacturing
 "Govt may keep Rs 7,500 cr outlay for IT hardware under PLI scheme")
Banking on Budget: Keeping an eye out for growth focus, PSU reforms
While the govt should try to push divestments, it should understand that reforms in the PSU space are very important if it wants to offload some its stake in the market
 "Banking on Budget: Keeping an eye out for growth focus, PSU reforms")
PLI scheme: Lava seeks to reboot with first locally made smartphone
Wishes to cash in on geopolitical situation, hopes anti-China sentiment will work in its favour
 "PLI scheme: Lava seeks to reboot with first locally made smartphone")
PLI Scheme: Dixon CMD Sunil Vachani is ready for the next big leap
A two-part series looks at how two home-grown manufacturers are leveraging the govt's production-linked incentive scheme
 "PLI Scheme: Dixon CMD Sunil Vachani is ready for the next big leap")
Bajaj Auto, TVS Motor to gain from export incentives under PLI scheme
May outperform Hero MotoCorp on higher export demand
 "Bajaj Auto, TVS Motor to gain from export incentives under PLI scheme")
Top headlines: UK flight ban may continue; telecom lobby slams 'sabotage'
Business Standard brings you top news of the evening
 "Top headlines: UK flight ban may continue; telecom lobby slams 'sabotage'")
Return of rent-seeking
PLI schemes have already set off the expected lobbying
Mobile phone makers likely to miss production target under PLI scheme
Mobile phone manufacturers have approached the government to roll over timelines of the scheme
 "Mobile phone makers likely to miss production target under PLI scheme")
PLI scheme to spur manufacturing, may add $520 bn to GDP in 5 years: Report
The production-linked incentive (PLI) scheme launched to boost local manufacturing may add USD 520 billion to the gross domestic product in the next five years, according to a report
 "PLI scheme to spur manufacturing, may add $520 bn to GDP in 5 years: Report")
PLI scheme to give $520-bn boost to manufacturing sector in 5 yrs: Amitabh Kant
The Centre's production-linked incentive scheme for key sectors has the potential to add $520 billion worth of manufacturing in the next five years, NITI Aayog CEO Amitabh Kant said
Kia Motors India aims to reach optimal capacity utilisation by 2022
The local arm of the Korean carmaker has been riding high on Sonet and Seltos in the domestic market in less than two years since it rolled out the first model
 "Kia Motors India aims to reach optimal capacity utilisation by 2022")
Markets for export
Target unrealistic while govt frowns on trade deals
 "Markets for export")
Will govt incentives for mobile manufacturing speed up job creation?
The Indian govt hopes to generate 300,000 direct jobs and thrice as many indirect employment opportunities in the sector over the next five years
 "Will govt incentives for mobile manufacturing speed up job creation?")
Addressable market for OEMs likely to be over Rs 10 trn by 2025: Report
The addressable market for components manufacturers after deducting the conversions cost, handling charges, margins, etc is estimated at around Rs 6.5 to 7.5 trillion
 "Addressable market for OEMs likely to be over Rs 10 trn by 2025: Report")
PLI expansion, duty remission on table at trade meeting over FTP
The five-year policy will be crucial in the post-pandemic era as India focuses on reviving economic activities
 "PLI expansion, duty remission on table at trade meeting over FTP")
A subsidy-tariff-permit raj?
If each PLI scheme is to be run by different ministries it's easy to envisage a hydra-headed bureaucracy
 "A subsidy-tariff-permit raj?")