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Govt set to roll out auto incentives in next FY, posing challenges for electric vehicle leaders

Despite initial skepticism from automakers about meeting the incentive claim process within the current year, the scheme, first notified in 2021, is expected to bring certainty to its 67 autoparts-making applicants.Read more

Major companies vie for India's Green Hydrogen, Electrolyser incentives

20 firms, such as Reliance Industries, Adani Group, Jindal India, Larsen & Toubro, and Bharat Heavy Electricals, have presented bids for incentives related to the manufacturing of electrolysers, according to statements from the Solar Energy Corp of India.Read more

India's safety sector surges to fuel $17.86 billion global market by 2030

Anticipating this upward trajectory, Bata India Ltd established its Industrial division seven years ago to manufacture top-notch footwear for industrial workers.Read more

India plans sector-specific revisions to boost utilisation of $24 bn industrial incentives

Proposed modifications are targeted at the textiles, pharmaceuticals, drones, solar, and food processing industries, constituting nearly one-third of the PLI scheme.Read more

Q4 can see fiscal incentives under PLI for white goods: DPIIT Secretary

The production linked incentive (PLI) scheme on white goods seeks to encourage domestic manufacturing of air conditioners and LED light components.Read more

Kerala govt unveils incentives for MSMEs under Mission 1,000 initiative

As part of this initiative, the government has given the green light to the industries department's proposal, which includes a range of incentives to bolster the growth of 1,000 MSME units in the state.Read more

Samsung receives Rs 500 cr incentives under PLI Scheme for increased production

The South Korean electronics manufacturer had submitted a claim under the PLI scheme for large-scale electronics manufacturing, which was introduced in 2020.Read more

India to offer $2.2 bn incentives for manufacturing growth in six sectors

This initiative forms part of India's 1.97-trillion-rupee production-linked incentive scheme (PLI), which was inaugurated in 2020. Among the six sectors poised to join the PLI scheme are toys, bicycles, leather, and footwearRead more

Indian govt mulls wearable production incentives to boost local manufacturing

The Indian government is considering the implementation of a Production-Linked Incentive (PLI) program aimed at wearable technology, which includes hearing devices, in order to stimulate local production by both domestic and international companies.Read more

India offers $452 mn incentives for Green Battery Storage Boost

Information Minister Anurag Thakur revealed that this program will actively support the development of a storage capacity of 4,000 megawatt hours (MWh) by the year 2030-31.Read more

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