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Govt delays new PLI Schemes, assessing effectiveness of exiting initiatives
Top government officials have received diverse feedback on the scheme, including insights from the Economic Advisory Council to the Prime Minister.Read more
India's Telecom sector achieves milestone: PLI investments surpass Rs 2,419 cr
This investment has led to the employment of 17,753 individuals. In October 2022, the government selected 42 companies that pledged a total investment of Rs 4,115 crore.Read more
Indian smartphone manufacturers struggle with PLI targets, call for scheme extension
While global giants like Foxconn, Wistron, and Samsung have contributed to the success of the PLI scheme, a senior executive from Lava emphasised the need for more time to establish local champions in the manufacturing industry.Read more
Rail Resurgence!
India Railways has been undergoing modernisation programme with consistent increase in capital expenditure in recent years. In the Union Budget 2023-24, the railway sector was the biggest beneficiary.Read more
India's IT hardware PLI Scheme sees strong industry interest
The government anticipates a cumulative investment of Rs 5,010 crore from the pool of 40 applicants, which includes prominent global IT hardware firms like Dell and HP participating directly in the revised production-linked incentive scheme.Read more
Chips are up!
Over the past decade, the Indian electronics hardware industry has witnessed significant growth and transformation with rising manufacturing and export volumes. India's share in the global electronics industry has increased significantly, rising from 1.3 per cent in FY12 to 3.75 per cent in FY22. Read more
Tesla agrees to set up vendor base and start EV assembly in India
The move follows the Indian government's request for a domestic assembly plant and vendor base. Tesla aims to integrate manufacturing and the supply chain, potentially expediting vendor selection.Read more
India: The beacon of growth
India’s exports - estimated at $ 767 billion - for FY 2022-23 recorded a rise of 14.5 per cent over FY22’s $ 669.65 billion.Read more
IPF presents 3i EXPO and Factories of the Future conference
With India gearing up to be the production hub of the world, the country will have to opt for advanced manufacturing technologies to increase its competitiveness. To make manufacturers future-ready, Industrial Products Finder (IPF) will host 3i EXPO and "Factories of the Future” conference to bring all the key stakeholders of the industry under one roof and initiate the dialogues on the advancements in manufacturing.Read more
Capex cycle likely to be back, but...
According to The Economic Times report, listed Indian corporates reported record reserves and surplus of Rs 66.04 trillion as of March 31, 2021, up 17 per cent from Rs 56.48 trillion as of March 31, 2020.Read more