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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

TotalEnergies to invest $300 mn in Adani Green Energy JV for 1 GW RE facility

The focus of the JV will be on the development of infrastructure related to renewable energy, particularly in the domains of solar and wind energy.Read more

Indian govt develops Rs 120 bn PLI scheme for heavy machinery in mining, construction

Ministry of Heavy Industries is presently soliciting input from the industry regarding the scheme's product scope, implementation strategy, and the extent of incentives it should offer.Read more

Govt extends Automotive PLI Scheme, aims for accelerated implementation

While delivering the keynote address at the review meeting, Mahendra Nath Pandey, Union Heavy Industries Minister urged the industry to provide feedback and engage in collaborative efforts to shape the policies, procedures, and overall effectiveness of the PLI scheme.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

Servotech has signed MoU with GoUP for EV charger manufacturing unit

… shares Raman Bhatia, Founder & Managing Director, Servotech Power Systems in this interview adding that the company has also established a subsidiary, Techbec Green Energy to enhance production operations.Read more

PLI Scheme has facilitated job creation, skills development, & tech transfer

The part of Taiwan’s Delta Group, Delta Electronics India is a leading Power Electronics, Automation, and Infrastructure company. Benjamin Lin, President, Delta Electronics India in this interview gives a brief on the company’s growth in India enabled by exports, PLI scheme and technological developments.Read more

US-India trade: Set for a Reset

During Prime Minister Narendra Modi’s recent visit to the US many new initiatives were announced by the two countries.Read more

FDI in manufacturing increases by 76% due to PLI Schemes

PLI Schemes contribute to increase in production, employment generation, and economic growth. Rajesh Kumar Singh, Secretary, DPIIT made announcement on the significant achievements due to PLI in India.Read more

Why India is the next big thing in manufacturing

With record exports last year and consistent high GDP growth, India has emerged as a leading investment option for international investors offering a big domestic market with potential to become a major global manufacturing hub. Clearly, India is a market to be in – currently and in the future, says Rakesh Rao.Read more

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