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DPIIT introduces stricter guidelines for PLI Scheme in white goods sector
Under these updated regulations, selected companies must now provide a certificate from a registered cost accountant, confirming related party sales and determining the arm's length price, in order to avail the scheme's benefits.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
India's PLI 2.0: Gateway to IT hardware revolution
With a substantial budgetary allocation exceeding $2 billion, this initiative signifies a significant shift toward strengthening the IT hardware manufacturing sector within the country, as stated in the ICEA's official release.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
Karnataka government explores collaboration with tech giants in USA
The talks also encompassed strategies for enhancing the company's research and development capabilities, policies, and incentives within the state.Read more
How ESG is catalysing India's SMEs for global competitiveness
A new mandate emphasising environmental, social, and governance (ESG) compliance has surfaced, demanding India's attention if it wishes to secure its place in the international marketplace.Read more
Panasonic Electric Works aims at tripling revenue, expanding global reach by 2030
Panasonic Electric Works (PEWIN), a subsidiary of Panasonic Corporation, has ambitious plans to triple its revenue to over Rs 15,500 crore by 2030.Read more
NITI Aayog member advocates adjustments in centre's PLI Scheme
Speaking at the National Conference on India's Industrial Transformation in New Delhi, NITI Aayog member and experienced economist, Arvind Virmani highlighted the scheme's effectiveness for industries like electronics and telecom, where China dominates ovRead more
Cee Dee Industries supplies quality products at a reasonable price
In this interview, Vikas Prakash, Director, Cee Dee Industries, highlights on the demand trend and the companies offeringsRead 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