Production Linked Incentive (PLI) scheme

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...

September 16, 2024 5:55 PM

India’s exports surpass $200 billion in Q1, government confident of reaching $800 billion annual target

As India's exports in the first quarter of 2024-25 (April-June) crossed the USD 200 billion mark, the government has expressed its optimism about reaching its full-year target of USD 800 billion. Commerce Secretary Sunil Barthwal expressed optimism about reaching the full-year goal while releasing June's trade data on Monday. "We are quite optimistic and it gives us optimism that we'd be crossing our $800 billion of trade this year," Barthwal said. According to the commerce ministry data, Indi...