Govt expects ₹10,000 cr investment in PLI scheme for speciality steel in FY25
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.
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Budget 2024: FAME scheme outlay slashed by 48% to ₹2,671 crore
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.
Centre extends auto PLI scheme by a year
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.
2024 Ahoy! Goods exports face global trade challenges
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.
Govt approved 746 PLI applications till Nov
Beneficiary companies have set up units in more than 150 districts across 24 states.
Chinese exports to US decline; India, Mexico, Vietnam compensate
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.
Is private investment in the economy on revival path?
Private investment nosedived from 16.8% of the GDP in FY08 to 10% in FY22 (latest available data).
Govt revises white goods PLI scheme norms to improve ease of doing business
The PLI Scheme for white goods is designed to create a component ecosystem for the air conditioners and LED lights industry in India.
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.
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
