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FDI in manufacturing reaches $165 billion; 69% growth over last decade
This sector surge is largely driven by production-linked incentive (PLI) schemes.Read more
No PLI proposals for shipping container manufacturing; GOI
The PLI scheme, which was introduced in 2021, supports 14 sectors, including telecommunications, textiles, medical devices, automobiles, and more, with a total budget of Rs 1.97 trillion.Read more
Siemens Xcelerator backs Panasonic’s digital transformation of home appliances
The move aims to enhance Panasonic's enterprise value and drive digital transformation (DX) easier, faster and at scale by moving to a cloud-based implementation.Read more
Motherson Group joins Apple India supply chain with BIEL Crystal partnership
Corning, another key Apple supplier, is expected to begin production at its Tamil Nadu facility in late 2025.Read more
Škoda Auto India vehicles receive ARAI E20 compliance certification
Škoda is among the first few OEMs to receive E20 compliance from an official body.Read more
Govt reopens application window for PLI scheme for AC & LED light manufacturing
This application period will run from July 15, 2024, to October 12, 2024, in response to increased industry interest.Read more
Govt to extend easy visa rules to all companies in PLI sectors
The PLI scheme covers sectors such as mobile phones, drones, white goods, telecom, textiles, automobiles, and pharmaceutical drugs.Read more
Component PLI top ask of electronic firms for upcoming Budget
The industry body has also asked for a Rs 400-450 billion package for the components ecosystem, extended over six-seven years.Read more
PLI railway push for local manufacturing of components for Vande Bharat & LHB
The PLI scheme is for a three-year period, with projected incentives of Rs 10-15 billion.Read more
Under PLI scheme at least six of eight sectors to switch to quarterly disbursals
DPIIT is planning to hold the next stakeholder review after the budget announcement for 2024-25.Read more