Moneycontrol

Only manufacturing companies registered in India will be eligible to participate under the recently approved Rs 10,683-crore #PLIscheme for the textiles sector.

Read at 👇
https://www.moneycontrol.com/news/business/economy/only-manufacturing-firms-registered-in-india-to-be-eligible-under-rs-10683-crore-pli-scheme-for-textiles-sector-7516551.html?utm_source=telegram&utm_medium=social

Moneycontrol

Only Manufacturing Firms Registered In India To Be Eligible Under Rs 10,683 Crore PLI Scheme For Textiles Sector

Notifying the scheme, the ministry also said that participating companies will have to undertake processing and operation activities in their own factory premises.

5.69K views06:50

Moneycontrol

#PLIScheme aims for a future-ready and globally competitive Indian auto sector, by fast-tracking investments in technology and components where India needs to leapfrog.

Read the full story here ⤵️
https://www.moneycontrol.com/news/technology/auto/pli-scheme-to-benefit-domestic-auto-parts-industries-in-multiple-ways-report-7518171.html?utm_source=telegram&utm_medium=social

Moneycontrol

PLI Scheme To Benefit Domestic Auto, Parts Industries In Multiple Ways: Report

The scheme aims for a future-ready and globally competitive Indian auto sector, by fast-tracking investments in technology and components where India needs to leapfrog.

6.56K views10:47

Moneycontrol

"From our organisational point of view, we always welcome this (#PLIScheme) move and we’re constantly evaluating how we can focus on localisation of the electrified system: #LexusIndia's PB Venugopal tells Parth Charan.

Read: https://www.moneycontrol.com/news/automobile/lexus-india-boss-constantly-evaluating-the-right-time-to-launch-an-ev-in-india-7651961.html?utm_source=telegram&utm_medium=social

7.34K views03:33

Moneycontrol

#MCInterview: What are the future plans and targets of #Voltas? Is it going to tap into the #PLIScheme? More on that as Pradeep Bakshi, MD and CEO, Voltas, talks to #MCPro’s Vatsala Kamat.

Read at
https://www.moneycontrol.com/news/opinion/price-hikes-may-be-necessary-to-pass-on-input-cost-pressures-voltas-md-pradeep-bakshi-7827321.html?utm_source=telegram&utm_medium=social

Moneycontrol

Interview | Price Hikes May Be Necessary To Pass On Input Cost Pressures: Voltas MD Pradeep Bakshi

The leading AC maker is lining up nearly Rs 1,000 crore over the next 4-5 years through the PLI scheme, says Bakshi

6.55K views06:00

Moneycontrol

#MCProOpinion: The government has come up with a #PLIScheme for chip manufacturing in India. Will it succeed this time?

Read more:
https://www.moneycontrol.com/news/opinion/electronic-chip-manufacturing-is-india-ready-7843291.html?utm_source=telegram&utm_medium=social

17K views07:03

Moneycontrol

#MCOpinion | The govt’s PLI scheme for manufacturing #semiconductors in India is attractive, but this is the third time that attempts have been made to set up such facilities in the country.

#TechMantra explores whether we will be 3rd time lucky.

Amol Hatwar at
https://www.moneycontrol.com/news/opinion/tech-mantra-semiconductor-chips-will-india-be-third-time-lucky-7860981.html

#PLIscheme #ManufacturingInIndia

Moneycontrol

Tech Mantra | Semiconductor Chips: Will India Be Third-time Lucky?

The PLI scheme for semiconductors aims to incentivise every part of the supply chain from design, semiconductor and display fabrication, to assembly, test, marking and packaging, but note that this is India’s third attempt at manufacturing semiconductor chips

5.45K views06:26

Moneycontrol

#MarketsWithMC: ADF Foods Industries share price rose about 2% intraday today after the company received approval from the Union govt under #PLIScheme for food processing industries.

Read more:
https://www.moneycontrol.com/news/business/stocks/adf-foods-stock-rises-on-government-approval-under-pli-scheme-7906351.html?utm_source=telegram&utm_medium=social

Moneycontrol

ADF Foods Stock Rises On Government Approval Under PLI Scheme

The company has received the approval under Production Linked Incentive (PLI) Scheme – Category III – incentive for branding and marketing expenditure abroad.

5.84K views09:37

Moneycontrol

#AutoWithMC | All major vehicle original equipment manufacturers & component makers have applied for the automotive vehicle & component PLI scheme. 🚘

Read at
https://www.moneycontrol.com/news/technology/auto/all-major-auto-oems-and-component-makers-have-applied-for-production-linked-incentive-scheme-7917781.html

#Auto #PLIscheme #Technology

Moneycontrol

All Major Auto OEMs And Component Makers Have Applied For Production-linked Incentive Scheme

At least 100 applications have been received so far and CNBC-TV18 confirmed some applicants as Ather Energy, Bajaj Auto, Hero Motocorp, Mahindra Group, MG Motor, Sona Comstar Tata Motors, Toyota Auto Parts and TVS

7.27K views06:28

Moneycontrol

#MCExclusive ⚡️ Sources said that in the Economic Survey, emphasis would be on more specialised subcategories within the 14 sectors for which #PLIscheme was announced in the last two years.

Read at 👇
https://www.moneycontrol.com/news/business/economy/exclusive-upcoming-economic-survey-may-bat-for-more-pli-schemes-7967051.html?utm_source=telegram&utm_medium=social

6.42K views15:06

Moneycontrol

#EconomicSurvey2022: #PLIscheme for MMF segment and technical textiles, #coal mine auction and marine sector to create over 1.75 million jobs for the country, the #EconomicSurvey released today.

Read more here ⏬
https://www.moneycontrol.com/news/business/economy/economic-survey-2022-coal-mine-auction-textile-pli-and-marine-sector-to-create-over-1-75-million-jobs-8008321.html?utm_source=telegram&utm_medium=social

Moneycontrol

Economic Survey 2022: Coal mine auction, textile PLI and marine sector to create over 1.75 million jobs

The latest EPFO data suggests significant acceleration in formalisation of the job market during 2021, with 13.95 lakh net addition to EPF subscribers in November 2021, says the survey

4.63K views09:14

Moneycontrol

#Budget2022WithMC: "#PLIScheme for achieving #AatmaNirbharBharat has received excellent response, with potential to create 60 lakh new jobs & additional production of 30 lakh crore during next years.": FM Nirmala Sitharaman

LIVE https://moneycontrol.com/news/business/economy/union-budget-2022-live-updates-nirmala-sitharaman-crypto-bill-rail-itr-pf-contribution-cryptocurrency-income-tax-news-custom-duty-relief-gold-etf-8006461.html?utm_source=telegram&utm_medium=social

Moneycontrol

Union Budget 2022 Highlights | All the action from FM Sitharaman’s announcements—as it happened

Union Budget 2022 Summary: Presenting Budget 2022-23, Nirmala Sitharaman estimated India's total expenditure at Rs 39.45 lakh crore and projected fiscal deficit at 6.4% of GDP for FY23. What did the budget have for the middle class, taxpayer and investor?…

6.07K views06:03

Moneycontrol

Vedanta has signed an agreement with #Taiwan’s Foxconn, to manufacture semiconductors in India. The move comes after govt announced a Rs 76,000 crore #PLIscheme for semiconductor and display manufacturing.

Read at 👇https://www.moneycontrol.com/news/business/economy/vedanda-ties-up-with-foxconn-to-manufacture-semiconductors-in-india-8091661.html?utm_source=telegram&utm_medium=social

Moneycontrol

Vedanta ties up with Foxconn to manufacture semiconductors in India

Vedanta will hold the majority stake while Foxconn will be the minority shareholder. Vedanta’s Chairman Anil Agarwal will head the joint venture.

7.08K views15:34

Moneycontrol

#AutoWithMC: PLI scheme for the automobile and auto component industry in India has attracted a proposed investment of Rs 74,850 crore.

Here's a list of applicants approved under the automotive component #PLIScheme 👇
https://www.moneycontrol.com/news/technology/auto/pli-scheme-for-auto-sector-maruti-suzuki-tata-motors-among-95-firms-that-get-nod-investment-proposals-exceed-govt-target-8234541.html?utm_source=telegram&utm_medium=social

Moneycontrol

PLI scheme for auto sector | Maruti Suzuki, Tata Motors among 95 firms that get nod; Investment proposals exceed govt target

Until January 9, 2022, as many as 115 firms had filed applications under the PLI scheme for the automobile and auto component sector, which was notified in September last year, of which 95 applicants have been approved.

5.23K views12:04

Moneycontrol

Catch Union Minister for Road Transport and Highways, Nitin Gadkari, on the govt's #PLIScheme, the progress it was making and the bottleneck the govt was facing in implementing the initiative.

Read more 👇
https://www.moneycontrol.com/news/business/nitin-gadkari-bottleneck-in-pli-scheme-will-be-addressed-8417201.html?utm_source=telegram&utm_medium=social

4.97K views06:58

Moneycontrol

19 companies have filed applications with proposed investments of Rs 1,548 cr to avail benefits under the #PLIScheme for white goods.

Anil Agrawal, additional secy of DPIIT on how govt is helping it to take risks & go global.
https://www.moneycontrol.com/news/business/pli-for-white-goods-take-risks-innovate-and-go-global-says-dpiit-secretary-8422541.html?utm_source=telegram&utm_medium=social

Moneycontrol

PLI for white goods: Take risks, innovate and go global, says DPIIT secretary

"The industry needs to take risks. It needs to think global and it needs to innovate continuously not just for Indian markets but for global markets. The industry needs to continuously develop its own standards."

5.18K views05:48

Moneycontrol

#TechWithMC | Apple's expected production for FY23 is more than twice the requirement needed to qualify for the #PLIscheme which requires both Foxconn and Wistron to make iPhones worth Rs 8,000 crore each.

Read more at 👇
https://www.moneycontrol.com/news/technology/apple-contractors-will-boost-production-by-five-times-to-rs-47000-crore-worth-of-iphones-in-india-this-fiscal-8423671.html?utm_source=telegram&utm_medium=social

Moneycontrol

Apple contractors will boost production by five times to Rs 47,000 crore worth of iPhones in India this fiscal

The expected production for FY23 is more than twice the requirement needed to qualify for the production linked incentive scheme (PLI) which requires both Foxconn and Wistron to make iPhones worth Rs 8,000 crore each.

6.25K views08:43

Moneycontrol

#NewsAlert 🚨 #JSPL to invest Rs 7,930 crore under the #PLIScheme for specialty #steel: MD Bimlendra Jha

7.59K views11:39

Moneycontrol

Moneycontrol speaks to #CumminsIndia MD Ashwath Ram at the #AutoExpo2023 about the company commercially launching a fuel-agnostic platform this year.

He explains how this platform works & why it could be a game-changer. He also speaks about the #PLIScheme & budget expectations.

Watch the video for more 📹
🔗 https://bit.ly/3XiWNN6

7.69K views13:55

Moneycontrol

The govt has allocated a total capacity of 39,600 MW of domestic Solar Photovoltaic module manufacturing to 11 companies including #Reliance, #Indosol & #JSW, with a total outlay of Rs 14,007 crores under the #PLIScheme (Tranche-II).

Read at 👇
https://bit.ly/40Bamcc

7.8K views09:19

Moneycontrol

PLI scheme overhaul plan includes quarterly disbursals, addition of vaccines, chemicals

The government is also mulling bringing new sectors into the fold of the incentive-linked plan such as toys, footwear, chemicals, and vaccines. Apart from this, there are plans to bring in another PLI scheme for electronics.

#Business | 📈 Govt's PLI scheme overhaul: Quarterly disbursals, new sectors like toys, footwear, chemicals, vaccines considered. Electronics sector to get a new PLI scheme. 📄

Click ⤵️ to know all about it!
https://www.moneycontrol.com/news/business/pli-scheme-overhaul-plan-includes-quarterly-disbursals-addition-of-vaccines-chemicals-12764339.html

#EconomicBoost #PLIScheme #Footwear #Chemicals #Electronics

12.6K views11:27

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