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...
SOP in final stages to facilitate visa for Chinese technicians needed in mfg units: OfficialThe Indian government has finalized a standard operating procedure (SOP) to expedite visa approvals for Chinese professionals needed by man...
Government may clear 10 PLI sops bid from IT hardware companiesThe ministry of electronics and information technology may send a confirmation to these companies and make the announcement over the next f...
PLI scheme: Govt frames process for streamlining visa approvals for Chinese professionalsSome players had flagged the visa issue in a stakeholder consultation meeting on the production-linked incentive (PLI) scheme in August.
44 IT hardware companies log in for PLI sopsIT hardware companies have been told about the licensing portal where it takes five to 10 minutes to get approval for an import licence, th...
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...
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...
Delhi: Rs 5,000 fine on unregistered vehicles plying on city roadsAccording to the SOPs, the first offence of an unregistered vehicle being found on Delhi's roads will attract a penalty of Rs 5,000 under t...
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 ...
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...