Reliance, JSW, Amara Raja bid for 10 GWh ACC battery PLI scheme
Bids received are seven times the manufacturing capacity of 10 GWh to be awarded.
Bids received are seven times the manufacturing capacity of 10 GWh to be awarded.
While India’s labour force participation rate (LFPR) has continued to increase over the last 5 years, it is important to look at the quality of jobs being created.
GDP growth and manufacturing push have not produced adequate quality jobs for decades
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.
These PLI schemes in 14 sectors have resulted in production or sales worth ₹8.70 lakh crore, says MoS commerce ministry
Flagship PLI scheme of the Centre has already attracted over ₹1.03 lakh crore of investment till November 2023
Production-linked incentives start making India self-reliant in key sectors.
DPIIT is for expansion of its role with PLI and steering India’s industrial growth at a time FDI is on a decline and global trade is sluggish.
‘Best Investments’ special issue and the accompanying pre-Budget package will provide valuable insights to plan investments in the New 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.