February 14, 2025 5:07 pm
The PLI scheme has topped the allocation at Rs 8,885 crore in Union Budget 2025-26, significantly higher than allocation for PLI schemes of other ministries.
December 05, 2024 7:27 am
Till March 2024, the PLI outlay for these 14 sectors added up to Rs 1.97 lakh crore, and the scheme attracted as many as 755 successful applicants including micro, small and medium enterprises (MSMEs), and private investments of Rs 1.23 lakh crore.
December 04, 2024 1:31 pm
The progress on the Production-Linked Incentive scheme, which covers 14 sectors, and the learnings from each, has prompted deliberations to tweak the formats of some to optimise tangible outcomes, renew some, and increase the outlay in yet others.
September 28, 2024 8:56 am
India’s textile and garment exports have stagnated at around $35 billion, while Vietnam and Bangladesh have gained market share, supported by free trade agreements (FTAs) and Least Developed Country (LDC) status, which provide a 10-15 per cent duty concession in Western countries.
January 18, 2024 6:41 am
About Rs 1,515 crore was disbursed in FY24 till October, while it was Rs 2,900 crore in 2022-23, when payments under the scheme commenced. The government in 2021 announced PLI schemes for 14 sectors with an outlay of Rs 1.97 lakh crore.
January 17, 2024 5:05 pm
The government in 2021 announced PLI schemes for 14 sectors such as telecommunication, white goods, textiles, manufacturing of medical devices, automobiles, speciality steel, etc.
December 15, 2023 8:57 pm
The industrial policy, expected to be released this year, would have been the third such framework in the history of independent India, replacing the historic policy of 1991 that came in the backdrop of the balance of payment crisis, ushering in the liberalisation of the economy.
September 19, 2023 4:51 pm
The government may soon tweak the production-linked incentive scheme for pharmaceuticals, drones and textiles sectors to encourage investment and boost manufacturing, an official said.
August 11, 2023 2:54 pm
Secretary in the Department for promotion of Industry and Internal Trade (DPIIT) Rajesh Kumar Singh said that from the current year onwards, the disbursal number will be significantly larger.
July 28, 2023 12:49 am
The government has approved a Rs 19,744-crore incentive plan to promote the manufacturing of green hydrogen in the country in a bid to cut emissions.