Page-2 of production linked incentive scheme

‘Specialty Steel’ included under the PLI Scheme

February 11, 2021

The Union Minister for Steel, Shri Dharmendra Pradhan, said in a written reply in Parliament that the Government has given its approval for inclusion of ‘Specialty Steel’ under the Production Linked Incentive (PLI) Scheme. Highlights For this purpose, a 5-year ..

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Mega Investment Textiles Parks (MITRA) scheme to be Launched

February 2, 2021

The Finance Minister, Nirmala Sitharaman, announced during the Union Budget 2021 presentation that the Government has proposed a “Mega Investment Textiles Parks (MITRA) scheme”. Highlights The scheme will enable the textile industry to become globally competitive. It will help the ..

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Project to indigenize Li-ion battery technology for EVs

December 17, 2020

The IIT Hyderabad incubated start up Pure EV has signed a Memorandum of Understanding with CSIR-Central Electro Chemical Research Institute (CECRI). Under the agreement, the start up and CSIR are to undertake joint research to develop Lithium-Ion Battery technology for ..

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Atma Nirbhar Bharat Rozgar Yojana launched to boost employment

November 12, 2020

On November 12, 2020, Finance Minister Smt Nirmala Sitharaman announced the fourth economic stimulus package. During the announcement, the Finance Minister introduced the “Atma Nirbhar Bharat Rozgar Yojana”. Atma Nirbhar Bharat Rozgar Yojana The beneficiaries of the scheme include employees ..

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Union Cabinet approves PLI scheme for 10 sectors

November 11, 2020

On November 11, 2020, the Union Cabinet chaired by PM Narendra Modi approved Production Linked Incentive Scheme for ten sectors. The schemes are worth of Rs 1.46 lakh crores. The GoI had earlier announced the scheme for pharmaceuticals and electronic ..

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Production Linked Incentive (PLI) Scheme

November 8, 2020

The Government of India recently announced that it is to expand the PLI (Production Linked Incentive) scheme to more than ten sectors. This includes food processing, leather, textiles, battery manufacturing. The pharmaceuticals (and medical devices) and electronics are already under ..

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GoI approves 10 PLI projects of Rs 10.5 trillion in electronics manufacturing sector

October 7, 2020

On October 6, 2020, the Government of India approved 16 proposals under two flagship schemes (Make in India and Atma Nirbhar Bharat Abhiyan) in the electronics manufacturing sector. The projects are expected to bring Rs 11,000 crores of investments in ..

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GoI to launch Rs 25,000 crore plan to cut Chinese Imports

September 18, 2020

The Government of India is to launch a production linked incentive scheme in order to reduce dependence on Chinese import of chemicals. The scheme will have an outlay of Rs 25,000 crores and is to be implemented over the next ..

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Three Bulk Drug Parks and Four Medical Devices Park to be established in India

July 14, 2020

On July 13, 2020, the Union Ministry of Chemicals and Fertilizers finalised guidelines to select three bulk drug parks and four medical devices parks. Highlights The parks are to be set up at Bhatindia in the state of Punjab. Bhatindia ..

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