Production linked incentive

15 more companies selected under Production Linked Incentive scheme for white goods

These 15 companies will have total production worth Rs 23,960 crore over five years and generate additional direct employment of 4,300 persons, according to the statement.

published on : 28th June 2022

Government extends telecom PLI scheme by 1 year for building 5G in the country

In a bid to build a strong ecosystem for 5G in the country, the government on Monday extended the production linked incentive (PLI) scheme for design-led manufacturing by one year. 

published on : 21st June 2022

Ford shelves plans to manufacture EVs in India 

The company has been reported to be in talks with homegrown auto major Tata Motors to sell its Sanand plant while it is scouting for buyers of the Chennai plant.

published on : 13th May 2022

19 firms apply under PLI scheme for white goods in second round

They commited an investment of Rs 1,548 crore, the government said on Tuesday.  These  companies include eight for AC components and 11 companies for LED lights.

published on : 27th April 2022

Learning loss a tragedy, but no mention in Union Budget: Raghuram Rajan

He said that instead of spending on the PLI schemes, the Centre should invest in filling the gaps in our education system, strengthening higher education, skilling, research, and development.

published on : 25th March 2022

Rs 74,850 crore investment for auto PLI: Ministry of Heavy Industries  

The scheme will provide an incentive of up to 18% to successful applicants for a period of 5 years.  

published on : 16th March 2022

Economic activity remained resilient in 3rd Covid wave: Finance Ministry

MER report says the impact of the third wave on economic activity has been much weaker than the previous two waves.

published on : 16th February 2022

No proposal at present to include toy industry under PLI scheme: Government

MoS Som Prakash said the government has taken a series of steps such as raising Basic Custom Duty on toys to 60 per cent in order to increase domestic production and reduce the imports of toys.

published on : 11th February 2022

Union Budget 2022: Telecom players hail government's announcement of PLI for 5G rollout

The finance minister, in her Budget speech, announced a scheme for design-led manufacturing to build a strong ecosystem for 5G as part of the Production Linked Incentive Scheme.

published on : 3rd February 2022

New Production Linked Incentive scheme to promote 5G

The government has allocated Rs 44,720 crore to the state-run Bharat Sanchar Nigam Limited for 4G spectrum, technology upgradation and restructuring related expenses.

published on : 2nd February 2022

Union Budget 2022: PLI for domestic solar cells, modules manufacturing enhanced to Rs 24,000 crore

The Union Cabinet, earlier in April 2021, approved a Rs 4,500 crore production linked incentive (PLI) scheme to boost the domestic manufacturing capacity of solar PV modules.

published on : 1st February 2022

TN expects more production-linked incentives and infra push in Budget 2022

CREDAI wants infrastructure status for affordable housing segment and restoration of the Input Tax Credit

published on : 1st February 2022

World Bank sees India's growth at 8.3 per cent for FY 2021-22; 8.7 per cent in FY 2022-23

It says that India's economy should benefit from the resumption of contact-intensive services, and ongoing but narrowing monetary and fiscal policy support.

published on : 12th January 2022

With PLI schemes & global demand recovery, India exports likely to fly high in New Year

Exporters believe that the outbound shipments would cross USD 400 billion mark in this fiscal going by the current momentum and may reach USD 475 billion in 2022-23.

published on : 19th December 2021

With PLI boost, private capex cycle on cusp of revival, say experts

A report by rating agency Crisil says that industrial investment may rise 30% in the next two years – 2021-22 to 2023-24 – primarily on account of the PLI scheme.

published on : 19th October 2021
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