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EY India has recommended to extend the existing Production-Linked Incentive (PLI) scheme to new technology sectors such as AI, space, and robotics, while urging the FY27 Budget to focus on sustaining growth and ensuring tax certainty through a dedicated Customs dispute resolution mechanism. The firm said a forward-looking policy approach would be key to strengthening…
Apple Inc’s manufacturing push in India has resulted in a dramatic surge in iPhone exports, with shipments crossing the $50 billion mark under the production-linked incentive (PLI) scheme period. The milestone was achieved by December 2025, just four years after the world’s second-largest company by market capitalisation joined the smartphone PLI programme in FY22, according…
NEW DELHI: Ola Electric on Thursday said it has received a sanction order from the ministry of heavy industries for the release of incentives amounting to Rs 367 crore under the production-linked incentive scheme. The sanction pertains to the demand incentive for the determined sales value for FY 2024-25. Source link
The Seamless Tube Manufacturers’ Association of India (STMAI) on Thursday urged the government to introduce a production-linked incentive (PLI) scheme covering at least 10 per cent of exports of their products, ahead of the Union Budget. STMAI President Shiv Kumar Singhal also urged stricter measures to curb illegal imports of seamless pipes, which are affecting…
NEW DELHI: The China factor continues to weigh heavily on India’s emerging electric car market as the domestic supply chain for green cars is inadequate in key areas such as batteries, semiconductors and magnets.Consider this: of the 46 EV models sold in the country, only six – around 13% – have been found eligible for…
The government has approved 17 additional applicants under the Production Linked Incentive (PLI) Scheme for textiles in the third selection round, a move the Textile Ministry said will strengthen domestic manufacturing and improve India’s competitiveness in man-made fibre (MMF) apparel, MMF fabrics and technical textiles.According to the ministry, the newly approved companies have committed investments…
Seeking to strengthen India’s position as a global hub for advanced steel production, the government on Tuesday launched the third round of the Production Linked Incentive (PLI) scheme for speciality steel, aimed at driving new investments and cutting import dependence in high-value segments such as defence, aerospace, automobiles, and infrastructure.Union Steel Minister H D Kumaraswamy…
NEW DELHI: The textile ministry on Thursday announced significant amendments to the Production Linked Incentive Scheme for textile products with an aim to address challenges faced by the industry and encourage fresh investments. The amendments to the scheme for man-made fibre (MMF) apparel, fabrics and technical textile products include expansion of products eligible to receive…
Centre has decided to give the textile industry more time to join its flagship production-linked incentive (PLI) scheme, extending the deadline for fresh applications to December 31.The move follows what officials described as an “encouraging” response from the sector after the latest round of applications opened in August 2025, PTI reported. Strong proposals have come…
NEW DELHI: Govt has reopened the application window for the PLI scheme for white goods (ACs and LED lights) for 30 days, a statement released on Sunday said. The window will remain open from Sept 15 to Oct 14.“The application window is being reopened based on the appetite of the industry to invest more under…
