PLI Scheme

January 13, 2025 4:57 PM

India Expands IT Hardware Manufacturing; Total Electronics Production rses to Rs. 9.80 lakh crore

India’s electronics manufacturing sector has reached a historic milestone with the inauguration of Syrma SGS Technology’s state-of-the-art laptop assembly line in Chennai, inaugurated by Union Minister of Electronics and Information Technology, Ashwini Vaishnaw. A Major Step in 'Make in India' The new assembly line will initially produce 100,000 laptops annually, with production capacity expected to scale up to 1 million units within the next 1-2 years. This initiative is part of the gove...

January 7, 2025 1:49 PM

Govt. launches PLI scheme 1.1 for specialty steel

Union Minister of Steel and Heavy Industries, H. D. Kumaraswamy, launched the second round of the Production Linked Incentive (PLI) scheme for specialty steel, termed PLI Scheme 1.1, on Monday in the presence of senior ministry officials and industry leaders at Vigyan Bhawan. The new scheme aims to boost domestic production and reduce dependence on imports. Addressing the gathering, Kumaraswamy stated that PLI Scheme 1.1 covers five product categories, similar to the original scheme, and has b...

December 31, 2024 6:42 PM

10 Years of ‘Make in India’ initiative reach new heights in 2024

A decade after its launch, the ‘Make in India’ initiative has reached significant milestones in 2024. With Rs.1.46 lakh crore in investments, the initiative generated Rs.12.50 lakh crore in production, Rs.4 lakh crore in exports, and created 9.5 lakh jobs by August. Since 2014, India attracted $667.41 billion in FDI, representing nearly 67% of total FDI over 24 years. Sectors like electronics, pharmaceuticals, and food processing saw substantial growth, with exports crossing Rs.4 lakh cro...

November 25, 2024 3:27 PM

India’s iPhone output reaches $10 billion, creates 1.75 lakh jobs

Riding on the government's production-linked incentive (PLI) scheme, Apple’s iPhone production in the country has reached $10 billion in the seven months of this fiscal (FY25), with $7 billion in exports alone which is a record, the Centre said on Monday. The tech giant manufactured/assembled $14 billion of iPhones in India last fiscal (FY24), with exporting more than $10 billion worth of iPhones. In a post on X, Union Electronics and IT Minister Ashwini Vaishnaw said that this is yet anothe...

October 4, 2024 11:51 PM

“Optimism around India not a coincidence, but due to reforms”: PM Modi at Kautilya Conclave

Prime Minister Narendra Modi emphasized that the global optimism surrounding India’s economic trajectory is not coincidental but a direct result of the structural reforms his government has implemented over the past decade. Speaking at the third edition of the Kautilya Economic Conclave in New Delhi, PM Modi highlighted India’s consistent growth, despite global uncertainties. Addressing the gathering, PM Modi said, "This conclave is being organized at a time when two significant regions of ...

July 30, 2024 9:34 PM

Govt unveils Rs. 1.97 lakh crore PLI schemes to boost manufacturing and exports

The Indian government has reaffirmed its commitment to boosting domestic manufacturing and exports through its Production Linked Incentive (PLI) Schemes. Union Minister of State for Commerce and Industry, Jitin Prasada, provided details on the progress of these initiatives in a written reply to the Lok Sabha today. The PLI Schemes, designed to support India's vision of becoming 'Atmanirbhar' (self-reliant), cover 14 key sectors with a total outlay of Rs. 1.97 lakh crore (over US$26 billion). Th...