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Uttarakhand CM releases Rs 90 crore subsidy to 40 industrial units

Nov 8, 2023

Uttarakhand CM releases Rs 90 crore subsidy to 40 industrial unit...

Uttarakhand Chief Minister Pushkar Singh Dhami on Saturday transferred a subsidy of Rs 90 crore to 40 industrial units under the Industrial Development Scheme. Under the Central Government's Industri...

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Revised IT hardware PLI scheme: Govt gets 58 applications

Nov 8, 2023

Revised IT hardware PLI scheme: Govt gets 58 applications

The deadline for the revised PLI scheme was extended for the second time in July, after stakeholders sought more time to file the paperwork. The revised scheme has a financial outlay of ₹17,000 crore,...

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Proposals worth ₹4k cr under IT hardware PLI likely to be cleared

Nov 8, 2023

Proposals worth ₹4k cr under IT hardware PLI likely to be cleared

India is expected to approve investment proposals worth ₹4,000 crore under the revised IT hardware Production Linked Incentive (PLI) scheme. Last month, the ministry of electronics and IT received 40...

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Govt may soon tweak PLI schemes for pharma, textiles, drones

Nov 8, 2023

Govt may soon tweak PLI schemes for pharma, textiles, drones

The Indian government plans to modify the production-linked incentive (PLI) scheme for sectors such as pharmaceuticals, drones, and textiles to encourage investment and boost manufacturing. The change...

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India plans over Rs 18,000 cr in incentives for new manufacturing sectors

Nov 8, 2023

India plans over Rs 18,000 cr in incentives for new manufacturing...

India is planning to provide incentives worth Rs 18,000 crore ($2.2 billion) to boost local manufacturing in six new sectors, including chemicals, shipping containers, and vaccine inputs. This is part...

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Textiles PLI application date extended till Dec 31

Nov 8, 2023

Textiles PLI application date extended till Dec 31

The government has decided to extend the deadline for submitting fresh applications for the performance-linked incentive (PLI) scheme in the textile industry, specifically for man-made fiber apparel,...

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Domestic solar module manufacturing capacity to touch 60 GW mark by 2025: Icra

Nov 8, 2023

Domestic solar module manufacturing capacity to touch 60 GW mark...

The solar PV module manufacturing capacity in India is relatively low and is largely restricted to the last manufacturing stage. The PLI scheme is expected to change this, with integrated module units...

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PLI disbursement for white goods expected to start from Q4: DPIIT Secretary

Nov 8, 2023

PLI disbursement for white goods expected to start from Q4: DPIIT...

The Indian government is expected to begin disbursing fiscal incentives under the Production Linked Incentive (PLI) scheme for white goods in the last quarter of this financial year as selected benefi...

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Finance ministry not inclined to charge up FAME 3

Nov 8, 2023

Finance ministry not inclined to charge up FAME 3

According to officials, the government is of the view that the EV market has reached a point of maturity. Besides, support is also being offered under performance-linked incentives for battery, and au...

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