PLI

April 22, 2025 4:14 PM

PLI pushes electronics exports from fifth to third-largest category: Ashwini Vaishnaw

India’s electronics exports have risen from the fifth-largest to the third-largest export category within a single fiscal year, driven by the transformative Production-Linked Incentive (PLI) scheme, Union Minister Ashwini Vaishnaw said on Tuesday. In a post on X, the minister said that electronics exports hit an all-time high, surpassing Rs 3.25 lakh crore in FY25. Vaishnaw also highlighted that lakhs of new jobs have been created in the electronics ecosystem, especially for women, along w...

April 8, 2025 3:59 PM

PLI boost: India’s smartphone exports cross Rs 2 lakh crore for 1st time in FY25

India's smartphone exports reached a new milestone in the financial year 2024–25 (FY25), surpassing ₹2 lakh crore for the first time, Union Minister for Electronics and IT, Ashwini Vaishnaw, announced on Tuesday. In a post on X, the minister described it as yet another record-breaking achievement under the government’s Production-Linked Incentive (PLI) scheme. According to Vaishnaw, smartphone exports rose by 54% compared to the previous financial year, as global value chains (GVCs) cont...

March 26, 2025 2:35 PM

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...