While the government has broadly succeeded in its effort to step up India’s manufacturing footprint, it should lose little time in incentivising employment creation which is an equally pressing need of the hour
The underperformance of some sectors is not only due to industry-specific hurdles but that companies do not meet eligibility criteria, delays in timelines and receiving the incentives
Significant strides have been made in enhancing its global export competitiveness over the past five years, driven by deliberate policy interventions and industry reforms.
With 17 percent at present, it is tough for India to ratchet up manufacturing’s share in GDP to 25 percent by next year
Government said the industry response has been overwhelming as bids received is 7 times the manufacturing capacity that is to be awarded.
Under the scheme, Ola Electric is eligible for incentives for up to five consecutive financial years, commencing in fiscal 2023-24.
The aim is to cut down imports. A consultant, picked after bidding, will make a list of components used in building engines and coaches that are largely imported
New Delhi, Sep 4 The government is considering a Production Linked Incentive (PLI) scheme for certain types of furniture to boost domestic manufactu..
A team has been set up to consider the representation made by Hyundai Motors, which has accused Hyundai Global Motors of wrongly using its trademark, trade name and logo.
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
Structurally speaking, the incentive structure of 1-4 percent may not fully address India’s cost disabilities versus other countries
The ministry had on September 16, 2021, announced the PLI scheme for drones and drone components with an allocation of Rs 120 crore spread over three financial years.
The PLI scheme for ACC batteries is integral to the government’s push for electric mobility. However, a clearer picture on the performance of the scheme will only emerge in the medium term
The expected production for FY23 is more than twice the requirement needed to qualify for the production linked incentive scheme (PLI) which requires both Foxconn and Wistron to make iPhones worth Rs 8,000 crore each.
The PLI scheme aims to help the man-made fibre/technical textiles segment achieve economies of scale, become competitive and generate employment opportunities
Ind-Ra study shows current sops under the PLI scheme for electronics focus on low value-added services, but it can help build the right ecosystem to throw up bigger manufacturing opportunities later
The scheme, announced in the Union Budget 2021-22 with an outlay of Rs 1.97 lakh crore, covers 13 champion sectors like textile, steel, telecom, automobiles and pharmaceuticals.