PLI

India cruising towards $300 billion electronics production by 2026: Centre

India, which is the second-largest mobile phone producer in the world, is all set to reach $300 billion in electronics production by 2026, driven by the ‘Make in India’ and the production-linked incentive (PLI) scheme, the Centre said on Wednesday. In 2014-15, 26 per cent of mobile phones sold in India were locally made, which rose to 99.2 per cent by December 2024 In 2014, India had just two mobile manufacturing units; today, it has over 300. The mobile phone exports surged from Rs 1,566 ...

December 19, 2024 4:38 PM

Auto PLI achieves ₹20,715 crore investment, ₹10,472 crore incremental sales: Centre

The Production Linked Incentive (PLI) scheme for the automobile and auto components industry, initiated in 2021, has achieved investments worth ₹20,715 crore and incremental sales of ₹10,472 crore by September, the Ministry of Heavy Industries said. Covering FY 2023-24 to FY 2027-28, the scheme targets advanced automotive technologies with incentives of 13-18% for EV and hydrogen fuel cell components and 8-13% for other technologies. The initiative expects ₹42,500 crore in investments and...