
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.
More testing agencies will be added to give faster clearances, says Union Minister for Heavy Industries Mahendra Nath Pandey.
PLI Scheme 2.0 for IT hardware covers laptops, tablets, all-in-one PCs, servers and ultra-small form factor devices
The government’s ambitious manufacturing scheme has set the private capex in motion but economic outcomes will take their time coming.
About 60% of respondents have expressed confidence about India growing above 6.5% in 2022-23, finds Deloitte survey.
Bain & Company expects 35-40% of all vehicles sold in India by 2030 to be EVs, up from 2% in 2022.
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.
A total of 10 bids were received from companies with manufacturing capacity of 128 gigawatt hours (GWh) under the battery PLI scheme.
The government has extended applications and increased PLI outlay after seeing the encouraging response for certain sectors, says ICRA.
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.
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