Pli Scheme

The panel has asked the ministry to examine the reasons behind the fund surrender and also directed MeitY to provide the minutes of the last five Group Coordinators’ meetings and the steps taken to address the problem.

Wider stakeholder consultation underway before finalising rare earth magnet scheme

More consultations are warranted since the contours of the scheme won’t mirror any existing subsidy programmes such as the production-linked incentive plan

NITI report recommends expanding PLI scheme to leather, footwear, furniture

NITI Aayog has batted for establishing a Quality Upgradation Fund to incentivise MSMEs in meeting international quality benchmarks, certifications, and sustainability requirements.

Incentives worth Rs 21,534 crore disbursed till March under PLI schemes for 12 sectors

The government has committed around Rs 1.97 lakh crore for various PLI schemes for a period of five years starting 2021-22 to help bring scale and size in key sectors.

PLI scheme for food processing industry has catalysed investments worth Rs 7,000 crore: Official

'Till date, ministry has funded almost 1,600 projects leading to creation of 41 lakh tonnes of food processing capacity and benefitting almost 9 lakh farmers,' says Ranjit Singh, joint secretary, MoFPI said

Moving away from PLI, Centre mulls customised scheme for toys

The fresh plan for toys is likely be similar to the recently-unveiled Electronics Component Manufacturing Scheme (ECMS) that provides differentiated incentives linked to either turnover or capex, or both in certain cases. 

Foxconn, Dixon, Zetwerk look to capitalise on PLI Scheme for electronic components: Report

Foxconn is reportedly preparing to apply for PLI under the smartphone display module category through its subsidiary company Yuzhan Technology.

Cabinet approves electronic component manufacturing PLI scheme at outlay of Rs 22,919 crore

The scheme will add about 91,600 direct employment and many more indirect jobs and generate production of Rs 4,56,000 crore and investment of Rs 59,350 crore

MeitY note on electronic parts PLI ready, likely to be sent to cabinet this week: Report

The proposed Rs 25,000-crore PLI scheme is expected to attract investments worth Rs 40,000 crore to Rs 45,000 crore

India's $23 billion plan to rival China factories to lapse after it disappoints

The scheme will not be expanded beyond the 14 pilot sectors and production deadlines will not be extended despite requests from some participating firms, two of the officials said.

Auto PLI scheme to see low interest in FY26 amid tough qualification norms, EV policy uncertainty

Leading automotive companies Mahindra & Mahindra and Tata Motors received incentives worth nearly Rs 246 crore for FY24.

Govt signs agreement with Reliance New Energy Battery under PLI scheme for advanced chemistry cell

This agreement makes the subsidiary firm of Reliance Industries eligible to receive incentives under India's Rs 18,100-crore PLI ACC scheme.

Budget 2025: Five measures that could trigger a post-Budget rally

The economic growth and corporate earnings are under duress, and experts believe positive triggers around corporate tax, wider scope of PLI schemes, or further infrastructure push could lift the market sentiment.

Davos 2025: Bharat Forge to enter 'niche' semiconductor component business

Bharat Forge has been working on a strategy for the past year to enter specialised semiconductor businesses, joint MD Amit Kalyani has said

AC, LED companies commit fresh investment worth Rs 3,516 crore under white goods PLI scheme

Centre reviewed the applications and selected 18 new companies, which include makers of Air Conditioners and LED Lights, and in addition to that, six existing beneficiaries have been upgraded to higher investment categories.

Foxconn, Dixon Tech urge Centre to pay pending production subsidies

Foxconn could get as much as Rs 600 crore and Dixon Rs 100 crore if the government releases the funds, the people said, asking not to be identified as the matter isn’t public. The government is reviewing the two requests, the people said.

Govt announces new round of steel PLI scheme with an outlay of Rs 4,400 crore

Last date to file application is January 31, 2025, which will not be extended, says Steel Secretary Sandeep Poundrik

Rs 25,000 crore PLI scheme for electronic components on cards this Budget

After the approval from the Finance Ministry, MeitY is expected to seek Cabinet approval, post which the scheme is likely to be announced in the upcoming Union Budget 2025.

Govt to launch another round of PLI scheme for steel sector on Monday

The government had earlier said that it is working on another round of the PLI scheme for speciality steel as the response for the first round of the initiative did not meet expectations.

Leading auto companies Tata Motors, M&M to get incentives worth Rs 246 crore under PLI scheme

As of September 2024, the PLI scheme has already facilitated an investment of Rs 20,715 crore in the sector, leading to incremental sales of Rs 10,472 crore, as per a government official.

India Inc seeks higher capex, lower tax rates in FY26 Budget

CII also suggested reducing the excise duty on fuel and increasing in the minimum wage rate under the Mahatma Gandhi National Rural Employment Guarantee Scheme to boost consumption.

Conditions apply - Handful of IT firms may face import restrictions on laptops, PCs

The Centre may start implementing a reduction in the import limit by 5 percent for certain entities keeping in view efforts to boost local production and exports. This intent has been “orally communicated” to companies, but found no mention in the Commerce Ministry notification.

Make in India: Centre shifts focus to sector-tailored schemes amid low PLI fund utilisation

The change in approach comes amid a less than 10-percent utilisation of the funds allocated (Rs 1.97 lakh crore) in the PLI scheme since its inception. The output-linked plan “is one set of policy recommendations that should not be repeated in every sector,” said a government official.

India may not get a Drone 2.0 PLI before FY26 as consultations around allocation, local sourcing throw up challenges

MoCA plans to prepare a new cabinet note on the PLI scheme for drones by February 2025, following which. it will be sent for approval.