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PLI SCHEME SOPS
From axles to rare earth: India draws up list of 100 products it still can't make enough ofIndia is set to boost its manufacturing sector by identifying around 100 products for domestic production. This initiative aims to reduce r...- Reliance corners Rs 3,620 crore battery PLI sopsReliance Industries Limited has secured Rs 3,620 crores in incentives for producing advanced chemistry cell batteries. This win adds to the...
- Tata, Mahindra, and Ola eye double benefit of Auto PLI and FAME with early approvalsTata Motors, Mahindra, and Ola Electric are set to benefit from the government's PLI program and FAME-II scheme. These companies have recei...
- In works: Rs 10,000 crore sop scheme for chip ancillariesThe pari-passu or equal footing method for disbursal of incentives is one where the government releases the funds to successful applicants ...
- Tata Motors receives India's first auto PLI certificate in four-wheeled goods vehicle categoryThe Automotive Research Association of India (ARAI), a renowned research and development organization in the automotive sector, presented T...
- No plan to reopen application window for PLI auto: GovtThere is no plan to reopen the application window for companies under the production linked incentive (PLI) scheme for the automobile secto...
- Many companies fail to make required investments under auto PLI planAs many as 95 companies were shortlisted for the PLI scheme for the auto industry. Of these, 20 companies were under the original equipment...
- Battery PLI aspirants split on capacity to be offered for bidsCompanies seeking support for manufacturing Advanced Chemistry Cell (ACC) batteries with support from the performance linked incentive (PLI...
- Auto companies await clarity on PLI subsidy for FY23Auto industry companies in India are awaiting clarity on whether they will receive incentive funds for the first year of the ₹25,938 crore ...
- Samsung may lose PLI sops for first year on invoicing issuesThe Korean company has said it is in advanced talks with the government on payout; it stressed its commitment to India.
- Unveiling of FAME 3 scheme hinges on unspent scheme funds by FY24 endUnder the FAME II scheme, the centre offered Rs 10,000 crore as incentives to EV makers from 2019 onwards. These benefits were linked to lo...
- Auto production-linked incentives: Govt eases norms for availing benefits but many concerns remainThree execs aware of the Monday meeting between government officials and industry stakeholders said the Centre explained the tweaks to the ...
- Government may ease data submission norms in PLI plan for auto companiesAutomakers will be able to avail the benefits by submitting sourcing and pricing details of all the parts used in the vehicles from their t...
- Government to soon issue SOPs for Rs 26k crore auto PLI“A draft SOP has been prepared in consultation with the players that were shortlisted,” a senior government official told ET. “Issues regar...
- Tough to calculate local value-add, say auto PLI applicants to governmentHowever, the ministry of heavy industries, which is implementing the PLI scheme for the automotive industry, has asked the applicants to de...
- Govt clears second tranche of mobile PLI sopsSmartphone manufacturers have pushed back against the government for the delay in releasing the sops under the Rs 41,000-crore scheme. "The...
- Co to refund PLI sops, invoke bank guarantee if midway exit: DPIIT in FAQThe department said that midway exit by a selected applicant without fulfilling investment criteria thwarts one of the selection criterias ...
- Govt seeks info to up PLI sops for IT hardwareThe scheme aims to end India’s dependence on imports, which are a whopping $4.21 billion for laptops, while a very little value of India’s ...
- Handset makers, government differ over export sops under RodTEPThe Merchandise Exports Incentive Scheme (MEIS), which offered 2-4% of free-on-board export value as duty credit scrips to handset and comp...
- India set to emerge as global 5G gear manufacturing hubGear makers said they are hopeful the new PLI scheme will incentivise companies that do higher levels of local value-addition and spend mor...
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