The list of approved applicants include Flextronics Technologies (India), Samsung India Electronics, Nokia Solutions and Networks India, Jabil Circuit India, Dixon Electro Appliances, HFCL Limited, ITI Limited, Tejas Networks, Rising Stars Hi-Tech, among others.
Last week, MNRE Secretary Indu Shekhar Chaturvedi said the proposals under the second phase of the Rs 19,500-crore production linked incentive (PLI-II) scheme for solar sector will be invited within a week's time.
The official added that a number of companies are still trying to prove their eligibility to be included under the PLI scheme but these discussions are likely to end soon.
The PLI schemes must go beyond mere financial help and government intervention must be transformative with deliberate involvement through direct investment, government-led R&D champions, and subsidized industry clusters
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Applicants include all major steel players like Tata Steel, JSW Steel, JSPL, AMNS India and SAIL, a senior steel ministry official said.
Neosky also unveiled its anti-drone machine 'Defender' today.
Discussions are also going on to bring PLI scheme for toys, furniture, bicycles and containers.
From Rs 88 crore before the production-linked incentive scheme was announced, the drone sector turnover has more than trebled to Rs 319 crore in fiscal 2021-22, much higher than the scheme's target of Rs 200 crore
With this, Ola Electric has become the only Indian EV company to be awarded by the Government under the Advanced Cell Chemistry PLI scheme.
The government has selected Aarav Unmanned Systems, Asteria Aerospace, EndureAir Systems, Garuda Aerospace, Roter Precision Instruments, Throttle Aerospace Systems, and Sagar Defence Engineering as beneficiaries under the PLI scheme, which already included five other drone manufacturers.
So far, the scheme has seen maximum response from the electronics, auto components, and pharma sectors, according to Emkay Investment Managers
Initially, March 29 was the last date for manufacturers to apply for the benefits under the PLI (Production-Linked Incentive) scheme for speciality steel. It was later extended till April 30, and again to May 31, 2022. Then it was extended till June 30.
In November last year, 42 firms, including Daikin, Panasonic, Syska and Havells, with committed investment of Rs 4,614 crore were selected.
Shares of jewellery exporter Rajesh Exports surged 5 percent to Rs 549.20 on the BSE on June 13, in an otherwise weak market, a day after its subsidiary Elest announced it will be setting up the country's first display fab facility in Telangana with investments worth Rs 24,000 crore.
High cotton prices and southern spinners shutting down mills due to nonavailability of cotton at affordable prices are some of the pressing issues that plague the textile industry right now.
From PM Jan Dhan Yojana that promised to end ‘financial untouchability’ to the Goods and Services Tax regime, the Narendra Modi government has brought about several economic reforms through a mix of legislative and policy changes.
The PLI scheme should give a boost to backward integration in the manufacturing of solar modules, feels Ind-Ra. However, strict riders and price parity will determine the success of the programme
Imposition of export duties on steel products will send a negative signal to investors and adversely impact capacity expansion projects under PLI scheme, steel industry players said after the government removed customs duties on raw materials and hiked export taxes to check local prices.
New Delhi, May 17 Fees for drone pilot training course will decrease within the next 3-4 months as the number of schools providing this course are g..
Ind-Ra argues that the PLI scheme for speciality steel will help the domestic industry update technology, be cost competitive, and move up the value chain. However, certain challenges need to be overcome to make the scheme more inclusive
The deadline has been extended for the second time. Initially, March 29 was the last date for manufacturers to apply for the benefits under the PLI (Production-Linked Incentive) scheme for speciality steel. It was later extended till April 30.
"The industry needs to take risks. It needs to think global and it needs to innovate continuously not just for Indian markets but for global markets. The industry needs to continuously develop its own standards."
Nitin Gadkari was speaking on the response so far from across all the sectors for which the scheme had been implemented and whether it had started off according to the government's expectations.
The government in March reopened the application window for its Rs 6,238-crore production-linked incentive (PLI) scheme for air-conditioners (ACs) and LED lights with an aim to accommodate more players as several firms have expressed interest in the initiative.