GOI Plans a New PLI Scheme for the Drone Sector
The first Production-Linked Incentive (PLI) scheme for drones, introduced in 2021, with an outlay of Rs 120 crore for three financial years starting from 2021-22,...
Tag : Production-Linked Incentive (PLI) scheme
GOI Extended PLI Scheme Application Window for White Goods
The Indian government has extended the application window for the Production Linked Incentive (PLI) scheme for white goods (including air conditioners and LED lights) until...
Sona BLW Shares Surged After Becoming the First Auto Ancillary Company to Get PLI Certificate
Sona BLW Precision Forgings’ shares rose over 6% on February 23 after the automotive systems manufacturer received certification under the Auto Production Linked Incentive (PLI)...
TVS Motor to Raise Rs 5K Crore to Expand New EV Unit
Mint reported that TVS Motors is in advanced talks to raise Rs 4,000-5,000 crore from private equity firms to fund the expansion of the group’s...
GDP Grew at 8.3% in Q2, 9.4% in FY22
Rating agency India Ratings forecasts the Gross Domestic Product (GDP) to expand 8.3 per cent in Q2 and close the year with 9.4 per cent....
Centre to Set Panel for National Employment Policy
The Government will set up a committee for National Employment Policy (NEP) to increase employment creation in India. Work has also begun to decide the...
Cabinet to Approve Revised PLI Scheme for Auto Sector
The Union Cabinet is likely to approve the revised production-linked incentive (PLI) scheme for the auto sector, which aims at boosting local manufacturing and create...
Govt Approves Rs 22,325 Crore Sops Plan for Pharma
The Union Cabinet on Wednesday extended the production-linked incentive (PLI) scheme for the pharmaceutical and technology hardware sectors, approving Rs 15,000 crore and Rs 7,325 crore worth of incentives,...
Apple Suppliers Commit to Invest $900 Million in India
The three manufacturers and suppliers of Apple Foxconn, Wistron and Pegatron have committed to invest $900 million in India over 5 years, according to the Reuters...