As part of its Atmanirbhar and Make in India plan, the government launched Production Linked Incentive (PLI) schemes in varied sectors to make Indian manufacturers globally competitive, attract investments, enhance exports, integrate India into the global supply chain and reduce dependency o
India has a strong capacity in the textile sector, which needs support to stay afloat in the global market and this is what these incentives are provided for by the government.
Production Linked Incentive (PLI) Scheme 2.0 for IT Hardware was notified on May 29, 2023, with a budgetary outlay of Rs 17,000 crore. The Union Cabinet, chaired by Prime Minister Narendra Modi, on May 17 gave the approval to introduce the scheme.
As part of its ‘Atmanirbhar’ and Make in India plan, the government launched Production Linked Incentive (PLI) schemes in varied sectors to make Indian manufacturers globally competitive, attract investments, enhance exports, integrate India into the global supply chain and re
Union minister Piyush Goyal said that the government is committed to fostering a conducive business environment and accelerating growth in sectors that fall under Production Linked Incentive (PLI) scheme.
The Union Cabinet on Wednesday approved the Production Linked Incentive (PLI) Scheme for IT Hardware with the aim to attract investments and promote the capacity and capability of Indian companies
As part of its Atmanirbhar and Make in India plan, the Government launched Production Linked Incentive (PLI) schemes in varied sectors to make Indian manufacturers globally competitive.
Elevated commodity prices, rising government and private sector spending on infrastructure, as well as investments under production-linked incentive (PLI) schemes, have resulted in strong growth.
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.
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