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PLI Scheme News

20 Nov 2024

Govt Unveils Performance Incentives for PSU Bank Executives

The central government has revised the performance-linked incentive scheme for whole-time directors and senior executives of public sector banks.

14 Oct 2024

PLI Scheme For White Goods: 38 Firms Commit Investments Worth Rs 4,121 Crore

According to the Ministry of Commerce and Industry, about 43 per cent of the new applicants are in the MSME sector which shows the confidence among MSMEs to become part of the value chain of manufacturing of components of ACs and LED lights.

15 Jul 2024

Apple's India Sales Hit New High In FY24 Amid Increased Manufacturing

In India, mobile phone exports, led by Apple, from the country touched nearly $16 billion in FY24 from $11 billion in FY23.

08 Jul 2024

Govt Reopens Application Window For PLI Scheme For ACs And LED Lights

The application window is being opened on the same terms & conditions stipulated in the PLI white goods scheme notified on April 16, 2021, and the guidelines issued on June 4, 2021.

18 Jan 2024

Interim Budget: Govt May Extend Scope Of PLI Scheme To Job-creating Sectors

Currently, Production-Linked Incentive (PLI) scheme is available for 14 sectors.

productivity linked incentive scheme

11 Aug 2023

PLI For Large Scale Electronics Manufacturing Sees Rs 6,887Cr Worth Investment

Till June this year, the PLI scheme has generated Rs 3,30,612 crore worth of production, Rs 1,56,051 crore worth of exports, and 62,173 direct jobs (cumulative).

productivity linked incentive scheme

27 Jul 2023

PLI Scheme For Chemicals, Petrochem Sectors To Be Launched? Know What FM Said

As of now, the government has rolled out 14 PLI schemes for various sectors like telecom, Pharma and textiles among others.

Production Linked Incentive Scheme

18 May 2023

Govt Launches PLI Scheme For IT Hardware With Rs 17,000 Cr Outlay

The tenure of the programme will be applicable for six years and the government expects investments worth Rs 2,430 crore in the scheme.

16 Oct 2022

Govt considering proposals for extending Rs 35,000 cr PLI scheme

PLI (production linked incentive) benefits are also being considered for toys, some chemicals and shipping containers. The objective of the scheme is to make domestic manufacturing globally competitive and create global champions in manufacturing.

28 Jun 2022

15 more firms selected under PLI scheme for white goods

Last year, as many as 46 firms, including Daikin, Panasonic, Syska and Havells were selected in the first round of the scheme. In the second round, 19 companies had applied. The ministry said the scheme is expected to lead to total production of AC and LED lights components of about Rs 1,22,671 crore over five years.

Production linked incentives

11 Mar 2022

Centre invites applications from drone industry for Rs 120 crore PLI scheme

The scheme seeks to provide a total incentive of Rs 120 crore for the manufacturing of drones in India. The funds will be disbursed over the next three financial years. The PLI rate is 20 per cent of the value addition, one of the highest among PLI schemes.

Production-Linked Incentive

07 Mar 2022

PLI: Govt reopens application window for AC, LED lights

The Cabinet had on April 7, 2021 given approval for the PLI scheme for white goods for manufacture of components and sub-assemblies of ACs and LED lights. The scheme is to be implemented over a seven-year period, from 2021-22 to 2028-29. The total outlay is Rs 6,238 crore and 42 applicants have committed investments of Rs 4,614 crore, so there is still over Rs 1,600 crore in the reserves.

15 Feb 2022

India can add $20B to GDP if import dependence on China is halved: Report

In terms of imports, India continued to reduce its trade deficit with China in FY21. In FY21, out of the USD 65 billion of imports from China, around USD 39.5 billion were commodities and goods where PLI scheme has been announced. The report said it estimated the import dependence of each product on China by checking the share of Chinese imports in India's overall imports of these categories.

01 Feb 2022

PLI scheme can create 60 lakh jobs in next 5 years: FM Sitharaman

The Union Cabinet today approved the Budget 2022-23. The Centre’s Budget for the upcoming Financial Year primarily focuses on two core sectors. PM Gati Shakti will pull forward the economy, she said.

16 Jan 2022

Budget 2022: Increase in tax to make mobile PLI uncompetitive for exports

Samsung and Apple's contract manufacturers are the biggest investors under the PLI scheme and both these brands dominate mobile phone exports from India. The government expects mobile phones worth Rs 10.5 lakh crore to be manufactured under the PLI scheme. The share of Indian companies in the mobile productions has come down from 47 per cent in 2016 to around 8 per cent at present.

15 Oct 2021

31 companies including 16 MSMEs approved for Telecom PLI Scheme

The Production Linked Incentive (PLI) Scheme for Promoting Telecom and Networking Products Manufacturing in India has been launched to realize the Prime Minister Narendra Modi’s vision of Atmanirbhar Bharat.

15 Sep 2021

Cabinet approves Rs 26,000 crore PLI scheme to bolster auto sector

The PLI package comes as a major relief for automakers. The scheme will aim to bolster the manufacturing of electric vehicles and hydrogen fuel vehicles in the county.

10 Sep 2021

PLI scheme for textile industry: Here’s all you need to know

The Central government will offer incentives worth Rs 10,683 crore to firms The scheme is also aimed at attracting fresh investments in the textile sector. The Centre is aiming to attract investments to the tune of Rs 19,000 crore in the coming years.

08 Sep 2021

Centre approves Rs 10,683 PLI scheme for textile, hikes MSP for wheat, mustard

Union Minister Anurag Thakur said that the Rs 10,683 crore PLI scheme will boost domestic manufacturing and exports. The budgetary outlay of the scheme is Rs 10,683 crore. The Cabinet has also increased the minimum support price (MSP) for wheat by Rs 40 and for mustard seeds by Rs 400.

22 Jul 2021

Union Cabinet approves Rs 6,322-crore PLI scheme for specialty steel

PLI Scheme for specialty steel. Duration of scheme will be five years. Scheme expected to bring in investment of Rs 40,000 cr approx.

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