Tag: PLI scheme

India receives 75 applications under PLI scheme for specialty steel

NEW DELHI: The government of India has received around 75 applications from domestic players under the PLI Scheme for specialty steel, according to an official. Applicants include all major steel players like Tata Steel, JSW Steel, JSPL, AMNS India and SAIL, a senior steel ministry official said. “A significant number of applications have been received. […]

About 61 applicants approved under PLI scheme for textiles out of 67 applications received

NEW DELHI: The Selection Committee chaired by Secretary, Ministry of Textiles, Upendra Prasad Singh has selected 61 applicants under Production Linked Incentive (PLI) Scheme for Textiles. A total of 67 applications were received for the PLI scheme out of which 15 applications are under Part-1 and 52 applications are under Part-2. Addressing the media in […]

PLI scheme to boost India’s manufacturing output by $520 billion in 5 years: Narendra Modi

NEW DELHI: The Prime Minister, Narendra Modi addressed a webinar on Production Linked Incentives scheme organized by Department for Promotion of Industry and International Trade and NITI Aayog through video conference. Speaking on the steps taken to boost trade and industry in this year’s Union Budget, the Prime Minister said that over the past 6-7 […]

India launches PLI scheme to become hub of global telecom manufacturing

NEW DELHI: The Union Cabinet, chaired by the Prime Minister Narendra Modi has approved Production Linked Incentive (PLI) Scheme for Telecom and Networking Products with a budgetary outlay of Rs. 12,195 crore. The Production Linked Incentive (PLI) Scheme intends to promote manufacture of Telecom and Networking Products in India and proposes a financial incentive to […]

PLI scheme to give $520 billion boost to manufacturing sector in 5 years: Amitabh Kant

NEW DELHI: The government of India’s production-linked incentive (PLI) 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 on Saturday. Recently, the government of India (Centre) had announced the PLI scheme with a budgetary support of $26 billion. Addressing […]

India okays PLI scheme for 10 sectors, including auto, telecom

NEW DELHI: To give an impetus to the manufacturing sector, the Indian Cabinet on Wednesday approved a mega production linked incentive (PLI) scheme for 10 sectors. The total outlay has been pegged at Rs 1,45,980 crore. Announcing the decision, Union Finance Minister Nirmala Sitharaman said that the scheme would entail an expenditure of about Rs […]

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