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, chaired by Prime Minister Narendra Modi, on May 17 had given approval to introduce the scheme and it was notified on Monday. The PLI Scheme 2.0 for IT Hardware was approved with a budgetary outlay of Rs 17,000 crore.
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
Union health minister Mansukh Mandaviya has interacted with representatives of Japanese medical devices companies in Tokyo and invited them to take advantage of opportunities in India.
India's overall exports in the just concluded financial year 2022-2023 were worth USD 775.87 billion, a growth of over 14 per cent and almost USD 100 billion more than last year's figures, official data released by commerce ministry showed on Monday. In 2021-22, the overall exports were at U
For centuries, Indian textiles used to go offshore, contributing significantly to the GDP. Even in the colonial period, textile mills served as tailors to the world.
The five categories of specialty steel which have been chosen in the PLI scheme are coated/plated steel products, high strength/wear resistant steel, specialty rail, alloy steel products and steel wires, and electrical steel.
There is no proposal under consideration in the Ministry of Road Transport and Highways to advise banks to provide cheap loans for the purchase of clean energy vehicles, Union minister Nitin Gadkari informed parliament.
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.
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.