Industry body PHD Chamber of Commerce and Industry wants a slew of reform measures in the budget, which includes tax reforms for individuals and Limited Liability Partnership (LLP) firms, expansion of the Production Linked Incentive (PLI) scheme, and revisions to MSME classification norms am
Bengaluru (Karnataka) [India], November 12: In a significant move that reinforces India's commitment to 'Make in India' and 'Atmanirbhar Bharat' in the healthcare industry, the Prime Minister of India, Narendra Modi, virtually inaugurated the second manufacturing plant of BPL Medical Technol
The agreement encompasses key initiatives such as the Industrial Corridor Development Program, Semiconductor Mission, National Logistics Policy, Production Linked Incentive (PLI) Scheme, and "Make in India" and "Made from India" projects.
Marking a decade of Make in India initiative, Commerce Minister Piyush Goyal has urged the Indian industry to focus on prioritising the production of high-quality goods to promote Brand India through sustainable practices.
As part of its Atmanirbhar and Make in India plan, the government launched production incentive (PLI) schemes in 14 sectors in 2020, to make Indian manufacturers globally competitive, attract investments, enhance exports, integrate India into the global supply chain and reduce dependency
This rise is largely attributed to favourable government policies like the Production Linked Incentive (PLI) scheme, which covers 14 sectors, and the global shift towards the "China + 1" strategy, where manufacturers diversify supply chains away from China.
Gensol Engineering, in collaboration with Matrix Gas & Renewables, emerged as a winner for a 237 MW annual capacity bidding under the Production Linked Incentive (PLI) scheme for setting up an electrolyser manufacturing plant.
A special online portal to fast-track visas for Production Linked Incentive (PLI) schemes has been kick-started by the Ministry of Home Affairs, a government official told ANI.
As of June end, a cumulative investment of Rs 8282 crore by 32 companies is done under the Production-linked incentive (PLI) scheme for large-scale electronics manufacturing in the country. The Minister of State for Electronics and Information Technology, Jitin Prasada informed the Lok Sabha
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.
The Production Linked Incentive (PLI) scheme has been instrumental in augmenting India's manufacturing capacity by attracting fresh investments and facilitating substantial economic activity.