The amendments focus on bolstering fiscal support mechanisms, including interest subvention, Production Linked Incentives (PLI), and investments in R&D and skill development training.
Bengaluru (Karnataka) [India], February 16: Tejas Networks (BSE: 540595) (NSE: TEJASNET) today announced that the company has received Rs 27.78 crore as incentives for the fiscal year 2022-'23 under the PLI (Production-Linked Incentive) Scheme for Telecom and Networking Products. The said am
According to a press release by the Ministry of Heavy Industries, the meeting, held on Monday, garnered participation from industry stakeholders and government organizations, signaling a concerted effort to propel India's renewable energy revolution.
Union Minister of Commerce and Industry Piyush Goyal encouraged industry's constructive feedback and collaborative engagement to shape the policies, procedures, and effectiveness of the Production-Linked Incentive (PLI) scheme.
The central government has slashed import duty on several key components used in the production of mobile phones, in a bid to boost the country's electronics exports.
Production-linked incentive (PLI) schemes witnessed over Rs 1.03 lakh crore of investment till November 2023, which has led to production or sales of Rs 8.61 lakh crore and employment generation (direct and indirect) of over 6.78 lakhs.
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
The production-linked incentive being provided by the Centre for manufacturing white goods, including air conditioners, will help bring in efficient cooling devices into the market soon, asserted Rajesh Kumar Singh, Secretary at the Department for promotion of Industry and Internal Trade (DP
Building on the success of the Production Linked Incentive scheme (PLI) for mobile phones, the Union Cabinet led by Prime Minister Narendra Modi has approved PLI Scheme - 2.0 for IT hardware, said a government release on Saturday.
Vaishnaw said, "As you're aware, a few months back, PM Modi approved the Production Linked Incentive Scheme (PLI) scheme for IT hardware. And within the very short time frame, I'm very happy to announce that 27 companies have been approved for the PLI."
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.
The Congress has accused the Modi government of mismanaging the economy saying that RBI's October 2023 bulletin shows "extremely concerning economic trends" including a 47-year low in the savings growth rate, "ballooning fiscal deficit" and slowing credit growth to the industrial sector