PLI capex deployment expected to pick up pace in 2024: ICRA
The rating agency says that the deployment of capex is expected to pick up only in FY24 for more than 80% of the invested projects such as semiconductors.
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Govt selects 42 companies under telecom PLI scheme
Of these 42 companies, 17 companies have applied for additional incentive of 1% under design-led manufacturing criteria, the ministry says in a statement.
'We’re excited': Apple starts making latest iPhone 14 in India
This is for the first time that Apple is assembling its latest offering in India, the move, many say, is aimed at boosting sales in the thriving smartphone market.
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.
Cabinet approves ₹19,500 crore for second tranche of solar PLI scheme
The solar PLI scheme is expected to bring direct investment of around ₹94,000 crore.
Need to capture global markets; India emerging as mfg hub: PM Modi
PM Modi says the PLI scheme is getting accepted globally and there is a need to lower the country’s logistics cost to a single digit from 13-14% currently.
Next 25 yrs to be crucial for India; youth, poor top priority: Sitharaman
FM Sitharaman says ‘India Reset’ has been initiated through tech adoption, not just in software industries but via distribution of common services to citizens as well
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.
India’s trade with China rises 29% to $115 bn in 5 yrs
In FY22, electrical machinery and equipment, sound recorders and reproducers, and TVs accounted for the highest $30.7 billion worth of trade, says the govt
Intent to hire in India up 7% for Q2 FY23
The increase in hiring intent is imminent, and the next few quarters are expected to see the intent to hire cross the 70% mark, says TeamLease report
