PLI Scheme

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...