Govt extends auto PLI scheme by a year, mulls quarterly incentives
More testing agencies will be added to give faster clearances, says Union Minister for Heavy Industries Mahendra Nath Pandey.
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Cabinet approves ₹17,000 cr PLI scheme for IT hardware
PLI Scheme 2.0 for IT hardware covers laptops, tablets, all-in-one PCs, servers and ultra-small form factor devices
Is PLI the Magic Pill?
The government’s ambitious manufacturing scheme has set the private capex in motion but economic outcomes will take their time coming.
India Inc. confident of 6.5% GDP growth in FY23, expects capex, PLI focus in Budget: Deloitte survey
About 60% of respondents have expressed confidence about India growing above 6.5% in 2022-23, finds Deloitte survey.
EVs to create $100 bn revenue opportunity for India: Bain & Company
Bain & Company expects 35-40% of all vehicles sold in India by 2030 to be EVs, up from 2% in 2022.
Is PLI helping India's manufacturing?
It may be early to judge, but long years of past subsidies have made little difference; manufacturing's GDP share is stuck at 17-18% for 16 years while employment share has fallen to 10.9% in FY21.
Reliance, Ola, Rajesh Exports to make batteries under ₹18,100 cr PLI scheme
A total of 10 bids were received from companies with manufacturing capacity of 128 gigawatt hours (GWh) under the battery PLI scheme.
PLI scheme to enhance India's manufacturing capex: ICRA
The government has extended applications and increased PLI outlay after seeing the encouraging response for certain sectors, says ICRA.
LG, Adani Copper, Wipro among 19 applicants for white goods PLI scheme
These companies are expected to achieve production of about ₹26,880 crore of components of ACs and LED lights and create 5,522 direct jobs.
“When India transforms, it benefits one-fifth of mankind”: Piyush Goyal on India’s EV disruption
The union minister believes that supply, instead of demand, for EVs is the challenge in the Indian markets, and exhorts stakeholders to build a template in mobility for world to adopt
