Sep 16, 2021 04:05 PM IST
- Sep 16, 2021 01:25 PM IST
The Union Cabinet on September 15 approved a 25,938-crore PLI scheme for the auto sector focused on promoting the manufacturing of advanced automotive technology products like electric and hydrogen-fuel vehicles.
- Sep 16, 2021 08:42 AM IST
The overarching principle of the auto PLI is to support innovation and new auto technologies, where India needs to compete against countries such as Taiwan and China
- Sep 15, 2021 07:04 PM IST
Tata Motors' Executive Director Girish Wagh said the new move reiterates India’s holistic commitment to a sustainable future and accelerates the country’s progress towards green mobility.
- Sep 15, 2021 05:24 PM IST
The scheme will create an additional 7.5 lakh jobs in the auto sector, bring in fresh investment of over Rs 42,500 crore and incremental production of over Rs 2.3 lakh crore, the government has said
- Sep 15, 2021 05:12 PM IST
In a move which is meant to enhance the number of beneficiaries, the government has agreed to fix the minimum value addition norms at 40 percent of net sales for drones and drone components instead of 50 percent.
- Sep 15, 2021 03:20 PM IST
The government has set aside Rs 25,938 crore to encourage domestic production of electric and hydrogen fuel vehicles and Rs 120 crore for making drones.
- Sep 13, 2021 11:44 AM IST
The PLI scheme seeks to restore India's eminent market position in the global textile exporter rankings. The onus is now on companies to rise to the occasion
- Sep 07, 2021 03:27 PM IST
The proposal is expected to come up before the Union Cabinet meeting on Wednesday, the official added.
- Jul 02, 2021 08:27 AM IST
Over the next four years, these companies are expected to fuel a total production of over Rs 1.61 lakh crore, and generate direct employment opportunities for over 36,000 people.
- Jul 01, 2021 09:18 PM IST
The PLI scheme for IT Hardware extends an incentive of 2-4 percent on net incremental sales over base year of FY20.
- Jun 21, 2021 06:56 PM IST
According to a notification issued by the Department of Heavy Industry, the incentives will not be offered to conventional battery pack segment of the industry as such manufacturing activities are already happening in the country.
- Jun 03, 2021 07:05 PM IST
Once the application is cleared, the Department of Telecommunications shall grant approvals to 10 eligible applications each in MSME and non-MSME categories.
- May 31, 2021 09:11 PM IST
The Department of Pharmaceuticals had launched the PLI scheme for promotion of domestic manufacturing of critical bulk drugs — Key Starting Materials (KSMs)/ Drug Intermediates and Active Pharmaceutical Ingredients (APIs).
- Apr 15, 2021 08:42 AM IST
India’s IPO market is witnessing a dream run. In FY21, almost 30 companies raised around Rs 31,000 crore. For FY22, the IPO pipeline is looking stronger, says Nagda.
- Apr 07, 2021 03:32 PM IST
Government has announced Rs. 4500 crore worth of benefits for solar photovoltaic modules, Rs. 6238 crore for LED bulbs. Incentives will be direct subsidies based on incremental production given to global champions who can bring in economies of scale, Piyush Goyal said.
- Mar 31, 2021 02:35 PM IST
Union Minister Piyush Goyal said that the allocation was made for the next six years and is expected to see employment generation of more than 2.5 lakh across the country and facilitate expansion of processing capacity to generate processed food output of Rs 33,494 crore.
- Mar 11, 2021 10:29 PM IST
In total, 215 applications have been received for the 36 products spread across the 4 target segments, the Ministry of Chemicals and Fertilizers said.
- Mar 08, 2021 03:46 PM IST
Foreign Direct Investment into India is poised to rise to a record in FY21 as the government actively wooed companies that manufactured in China and announced favourable policies such as the Performance Linked Incentives, while states continued to reach out to investors.
- Mar 08, 2021 08:27 AM IST
Sops can at best be short-term steps to boost industrial growth, but for long-term success a more holistic approach to removing impediments is needed
- Mar 05, 2021 04:18 PM IST
Syska Led Lights may also explore a fund raise by selling a minority stake to PE funds, though according to reports this has been attempted once earlier.
- Feb 23, 2021 07:56 PM IST
Speaking at a virtual interactive session at BioAsia 2021, Amitabh Kant said some studies have indicated that the earlier scheme of 200 percent tax incentive on Research and Development activities has been "misused".
- Feb 22, 2021 01:32 PM IST
Brokerage firm William O'Neil India pointed out PLI scheme of the government aims at providing incentives to the companies with a vision of making India a hub for manufacturing and exports.
- Feb 19, 2021 01:14 PM IST
The government has taken several steps, such as the IBC and PLI schemes, to bolster its case as an attractive investment and manufacturing destination to corporations and countries with a China Plus One strategy
- Feb 19, 2021 10:55 AM IST
Electric car manufacturers, battery makers, clothing brands and food processing companies to benefit from local manufacturing push, say experts.