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...
05 Sep, 2024, 12.30 AM IST
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...
04 Mar, 2024, 06.00 PM IST
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 ...
14 Dec, 2023, 06.11 AM IST
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...
10 Nov, 2023, 06.00 AM IST
Larger batch size kept for battery PLI bids: officialThe Indian government will continue to allocate production-linked incentives (PLI) for advanced chemical cell (ACC) batteries in batches of...
16 Oct, 2023, 11.35 PM IST
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...
24 Jul, 2023, 09.20 PM IST
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 ...
07 Jun, 2023, 06.05 AM IST
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.
04 Jun, 2023, 10.10 AM IST
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...
28 Apr, 2023, 12.19 AM IST
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 ...
19 Apr, 2023, 09.16 PM IST
Firms can now claim PLI sops for 5G FWA gear made locallyFWA is a good use case of 5G but currently the prices of the routers are very high, hampering its uptake, say industry experts. Once compan...
05 Apr, 2023, 08.55 AM IST
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...
16 Mar, 2023, 09.08 AM IST
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...
13 Dec, 2022, 10.14 AM IST
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...
21 Jun, 2022, 11.19 PM IST
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 ...
17 Aug, 2021, 03.27 PM IST
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 ...
03 Aug, 2021, 08.15 AM IST
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...
08 Dec, 2020, 11.13 AM IST