Pli Scheme News Headlines

p Apple, a producer of iPhones, iPads, MacBooks and more has continued to minimise its dependence on China. As per the recent report, the iPhone maker is set to increase its investments in the Indian market and is reportedly in advanced talks with Murugappa Group and Tata Groups Titan Company which will be assembling sub-components for the iPhone camera modules- giving an impetus to the Make in

p b New Delhi: /b With Tesla and SpaceX CEO Elon Musk confirming his first-ever India visit to meet Prime Minister Narendra Modi later this month and announce key investments in the electric vehicle (EV) space, industry experts on Thursday said that the country could grow into a considerable market for him in the foreseeable future, generating at least $3.6 billion in revenue by 2030. /p

The INC has proposed to reform the Production-Linked Incentive (PLI) Scheme to target specific sectors that can create jobs by making India one of the top five manufacturers of the world and also introduce a new employment-linked incentive scheme for corporates to encourage additional hiring

Apart from the 1,50,000 people employed directly, sources said that around 3,00,000 indirect jobs were also created through companies benefiting from the production-linked incentive scheme.

p Union Minister of State for Electronics and IT Rajeev Chandrasekhar on Friday announced that the production-linked incentive (PLI) scheme is scaling new heights every day on production, exports, and jobs. The minister shared this information via an X post. /p p He also said that Apple has produced over Rs 1 lakh crore worth of iPhones in 11 months of FY 24 under the PLI scheme. In addition

Renewable energy sector leaders in India have listed Chinese vendors as major suppliers in the PLI scheme. Reliance New Energy Solar and Tata Power are among the companies that have listed Chinese suppliers.

The firm aims to participate in the ₹17,000-cr PLI scheme for IT hardware

The cut in allocation for FAME-II scheme comes on the back of a reduction in subsidy for electric two-wheelers last year.

PLI scheme 'National Programme on Advanced Chemistry Cell Battery Storage' promotes manufacturing of technology-agnostic ACC in India. "With this bidding process, the prospective applicants can submit their bids to set up domestic manufacturing facility for ACC, which will help them qualify for incentives under PLI ACC scheme," the heavy industries ministry stated.

Budget 2024: Maruti Suzuki anticipates the government's sustained focus on Production Linked Incentives (PLI) and the Faster Adoption and Manufacturing of (Hybrid ) Electric Vehicles (FAME) schemes. Shashank Srivastava, Executive Director, emphasizes the importance of policies supporting economic growth, particularly in capital investment, public spending, and infrastructure. He expects continuity

Interim Budget 2024: India's nascent space sector has sought a liberal FDI policy on par with the defence industry and production-linked incentive in the interim Budget that the government will present next week.

p To incentivise the manufacturing sector and generate employment, the government may extend the scope of the PLI scheme to include sectors like garments, jewellery, and handicrafts in the upcoming interim budget, Deloitte said. /p p Rajat Wahi, Partner at Deloitte India, emphasised that the PLI scheme is crucial for sectors like leather, garments, handicrafts, and jewellery, as these are si