New Delhi: In a lift for the ‘Make in India’ initiative, the production-linked incentive (PLI) scheme for telecom and networking merchandise has seen an funding of Rs 4,081 crore (as on January 31), producing whole gross sales of Rs 78,672 crore. It consists of export gross sales value Rs 14,963 core. Including additional, it has…
&w=600&resize=600,400&ssl=1 "Govt to let bn PLI scheme, launched to rival China in manufacturing, lapse: Report")
An Indian official informed Reuters that extreme forms and purple tape have been nonetheless hindering the scheme’s success. An undated evaluation compiled by India’s commerce ministry revealed that by October 2024, the PLI scheme had achieved solely 37 per cent of its goal learn extra The Indian authorities, led by Prime Minister Narendra Modi, has…
New Delhi: Apple is ready to spice up the ‘Make in India’ initiative by beginning native manufacturing of AirPods for export. This makes AirPods the second product class, after iPhones, to learn from the production-linked incentive (PLI) scheme. Notably, the ‘Make in India’ initiative was launched by Prime Minister in September 2014 as a part…
New Delhi: Driving on the federal government’s production-linked incentive (PLI) scheme, Apple has reached all-time excessive iPhone export figures from India at Rs 1 lakh crore for the ten months (April-January) within the present monetary 12 months (FY25). Based on trade information, within the month of January, the iPhone exports reached round Rs 19,000 crore,…
New Delhi: Pushed by the federal government’s production-linked incentive (PLI) scheme, India’s semiconductor consumption market which is valued at $52 billion in 2024-25 is anticipated to develop at a sturdy CAGR of 13 per cent by way of 2030. Sectors like automotive and industrial electronics current important value-addition alternatives. Cellular handsets, IT, and industrial functions,…
24 Corporations chosen underneath PLI Scheme for White Items with funding of Rs 3,516 cr New Delhi [India], January 20 (ANI): The Manufacturing-Linked Incentive (PLI) Scheme for White Items has acquired a big enhance with a complete of 24 beneficiaries committing investments of Rs3,516 crore throughout its third spherical of purposes, as introduced by the…
Cell phone makers are urging the federal government to increase the production-linked incentive scheme for smartphones, arguing it’ll foster higher native worth addition and kick begin product design within the nation. The present PLI scheme is about to run out in 2026. The PLI 1.0 has achieved a big a part of the targets, however…
iPhone Exports From India In 2024: Using on the federal government’s production-linked incentive (PLI) scheme and rising premiumisation development, Apple has reached Rs 1 lakh crore in iPhone exports from India within the calendar 12 months 2024. In line with early business estimates, Apple exported greater than $12 billion price iPhones final 12 months, which…
New Delhi: Union Minister of Metal and Heavy Industries, HD Kumaraswamy, launched the second spherical of PLI scheme for Specialty Metal, termed as PLI Scheme 1.1. The PLI scheme 1.1 shall be carried out through the manufacturing interval of FY 2025-26 to FY 2029-30. PLI Scheme 1.1 covers 5 (5) product classes according to the…
New Delhi: The Indian smartphone market is poised for vital development in 2025, with a projected 6 per cent improve (year-on-year) pushed by enhancing client sentiment and authorities initiatives aimed toward decreasing unemployment, trade specialists mentioned on Friday. The cell phone manufacturing surged from Rs 18,900 crore in 2014-15 to an estimated Rs 4.10 lakh…
&w=1200&resize=1200,0&ssl=1 "Alcaraz, Osaka, Djokovic, Swiatek amongst massive names in revamped US Open blended doubles with $1 million prize cash")