The foreign direct inflows in India will continue to surge as long as the "China plus one" strategy combined with the production linked incentive (PLI) schemes are working, highlights a report by Jefferies, an investment banking and capital markets firm.
As the United States observes Captive Nations Week, the East Turkistan Government in Exile (ETGE) is urging the US and the global community to remember the ongoing plight of East Turkistan under Chinese occupation.
Jitendra Singh Alwar, All India Congress Committe (AICC) In-Charge for Assam, targeted the BJP government over the prevailing flood situation in Assam and said that the government is not interested in the plight of the people.
Apple Inc's annual sales in India hit a record of almost USD 8 billion in the recently concluded financial year 2023-24, reported Bloomberg, quoting a person familiar with the data.
According to a press release by the Ministry of Communication, this accomplishment reflects the success of governmental efforts to bolster domestic manufacturing and reduce import dependence, aligned with Prime Minister Narendra Modi's vision of 'Atmanirbhar Bharat'.
Congress MP Jairam Ramesh today, attacked Telecom Minister, Scindia, where he said that he and the government have made "grandiose claims about India's phone manufacturing growth to justify the massive outlays in Production-linked Incentives (PLIs) given to firms in this sector."
According to a press release by the Ministry of Commerce and Industry, this reopening offers a 90-day window from July 15, 2024, to October 12, 2024, for new and existing beneficiaries to submit their applications.
The Production Linked Incentive (PLI) scheme has been instrumental in augmenting India's manufacturing capacity by attracting fresh investments and facilitating substantial economic activity.
The Production-Linked Incentive (PLI) Scheme for drones and drone components is a Kickstarter for the sector to progress and should not be considered as a permanent subsidy scheme by the government, highlighted Union Minister Piyush Goyal.
Singh said, "Plans are underway to extend streamlining of visas to non-PLI beneficiaries from foreign countries, including China, who are operating in the same centres as beneficiaries."
Launching a scathing attack on the Adani Group, Congress General Secretary Jairam Ramesh alleged that the conglomerate company has reportedly selected eight Chinese companies to help its solar manufacturing project and has asked for special permission to issue visas for 30 Chinese workers.