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Centre to reopen PLI scheme for ACs, LED lights
The application window for the scheme will remain open for the period from July 15, 2024 to October 12, 2024.
The application window for the scheme will remain open for the period from July 15, 2024 to October 12, 2024.
India is now among top five exporters in a large number of categories. The lessons from these successes can be used to dominate in other sectors.
Indian solar exports have been growing in the past two years, following the US restrictions against China.
Bids received are seven times the manufacturing capacity of 10 GWh to be awarded.
As of December 2023, selected companies have already made an investment worth ₹12,900 crore against an investment commitment of ₹21,000 crore in the current fiscal year.
While the government announced ₹5,172 crore outlay for the FAME scheme last year, it has been revised to ₹4,807 crore for the current fiscal.
If an approved company fails to meet the threshold for an increase in determined sales value over the first year's threshold, it will not receive any incentive for that year.
As the calendar year comes to a close, uncertainties continue to impact global trade, proving that the government’s assessment was correct – unpredictability is the norm.
Beneficiary companies have set up units in more than 150 districts across 24 states.
The report suggests that computers and electronics exports from Vietnam, India, and Taiwan to the US witnessed the steepest growth during this period with a CAGR of 42%, 38%, and 27%, respectively.