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    • Apple now makes about 25% of iPhones in India after China pivot

      Apple has accelerated its expansion in India in recent years, bolstered by PM Modi’s production-linked incentives (PLI) aimed at turning the country into the world’s factory. Apple currently assembles all versions of iPhone 17 in India, including the high-end Pro and Pro Max models.

    • Union Budget 2026: Renewable energy allocation raised to Rs 32,914.7 crore, PM Surya Ghar gets Rs 22,000 crore

      As reported by Moneycontrol on January 13, the Pradhan Mantri Surya Ghar: Muft Bijli Yojana received an allocation of Rs 22,000 crore in Budget 2026, up from Rs 20,000 crore in the budget estimates of previous year, marking an increase of Rs 10 percent.

    • ReNew seeks support for capital costs, manufacturing in Union Budget

      PLI push helps ReNew cut China dependence; three-year-old manufacturing arm turns profitable

    • Selling same product across online, offline platforms can kill brands, says Acer India MD

      As India eyes higher value addition, PLI 2.0 must shift focus from assembly to components, Acer India MD Harish Kohli tells Moneycontrol

    • Battery storage cost down to Rs 2.1 per unit, govt tells Parliament

      Lower battery storage tariffs seen boosting renewable integration; govt outlines global partnerships.

    • Rare earth magnet incentive lifts GMDC, other mineral stocks, yet Indian market lacks a true rare-earth play

      The surge in GMDC and other related stocks comes as the government prepares a major incentive scheme for rare earth permanent magnet (REPM) manufacturing. However, no domestic miner is positioned to benefit meaningfully from the rare-earth magnet value chain at this stage.

    • GMDC stock extends rally with 5 percent surge; Sona Comstar also gains on rare earth magnet plans

      The gains in GMDC stock follow improving sentiment around domestic mineral and metals producers after reports the Union Cabinet on Wednesday approved a major incentive scheme for rare earth permanent magnet (REPM) manufacturing.

    • IT committee flags fund underuse in MeitY’s PLI, chip schemes; govt blames industry-linked delays

      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.

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