SMEV has said the government had shown its commitment to promoting and prioritising electric mobility with its initiatives, such as the FAME scheme, which emphasizes demand creation.
The Production-Linked Incentive scheme for automobile and auto components has managed to attract a proposed investment of worth Rs 67,690 crore against the target estimate of investment of Rs 42,500 crore, over a period of five years.
Investments to the tune of about Rs 1,536 crore has been made so far in the textiles industry under the Production-Linked Incentive, said the Ministry of Textiles.
According to a statement from Niti Aayog, the Empowered Committee headed by NITI Aayog Chief Executive Officer approved incentives for two companies--one a domestic company and the other a global company--for mobile manufacturing under the production-linked incentive (PLI) scheme.
Some of the steps include creating/enhancing of domestic capacity, incentivising domestic manufacturing through Production-Linked Incentive (PLI) schemes, phased manufacturing plans, timely use of trade remedy options, adoption of mandatory technical standards, enforcement of free trade agre
Union Minister of Commerce and Industry, Consumer Affairs, Food and Public Distribution and Textiles, Piyush Goyal on Thursday said that India will have to face global competition effectively to achieve the goal of becoming a prosperous and developed nation.
Based on the consultations/meetings with the stakeholders, including the industry representatives and the concerned departments, the operational guidelines of the PLI scheme for drones and drone components have been finalised.
Telecom Minister has set up six task forces to develop the component ecosystem, said Minister of Railways, Communications and Electronics & Information Technology in the Government of India Ashwini Vaishnaw.
Addressing the event, PM Modi said that schemes like 'Make in India' or 'Vocal for Local' are creating employment and self-employment opportunities in the country.
New Delhi [India], October 1 (ANI): Reiterating the Centre's commitment to promote manufacturing in India, Union Commerce and Industry Minister Piyush Goyal on Saturday announced that seven new Production Linked Incentive (PLI) schemes that are not part of the original program had just been
New Delhi [India], October 1 (ANI): Micro Small and Medium Enterprises (MSMEs) are the real beneficiaries of the Production Linked Incentive (PLI) scheme introduced to boost manufacturing in different sectors, Union Minister of Commerce and Industry Piyush Goyal said on Saturday.
New Delhi [India], September 21 (ANI): The Union Cabinet chaired by Prime Minister Narendra Modi on Wednesday approved the Production Linked Incentive (PLI) scheme solar PV modules with an outlay of Rs 19,500 crore for achieving a manufacturing capacity of Giga Watt (GW) scale in High-Effici