news
The Government of India has initiated Production Linked Incentive (PLI) Scheme 1.2 for Specialty Steel, aiming to strengthen the domestic steel manufacturing industry and reduce dependency on imports. This plan, aligning with Prime Minister Narendra Modi's vision of global manufacturing leadership, includes commitments from 55 companies for
news
The Ministry of Steel, overseen by Shri H.D. Kumaraswamy, has signed MoUs for 85 specialty steel projects amounting to an investment of ₹11,887 crore under the Production-Linked Incentive Scheme 1.2. This initiative includes commitments from 55 companies to enhance India's domestic steel manufacturing capabilities, supporting
news
The Ministry of Heavy Industries is implementing the Production Linked Incentive scheme called the 'National Programme on Advanced Chemistry Cell (ACC) Battery Storage', aiming to decrease dependency on imports and boost domestic manufacturing by establishing a 50 GWh capacity in India. Beneficiary firms, like M/s Reliance New
news
The Indian Ministry of Heavy Industries' Production Linked Incentive (PLI) scheme for Advanced Chemistry Cell (ACC) Battery Storage aims to boost domestic manufacturing with a target of 50 GWh capacity. Despite engagements with major manufacturers and substantial investment, only 1 GWh of the awarded 40 GWh capacity has been
news
The Society of Indian Automobile Manufacturers reports that the automobile sector now contributes 15% to India's GST Revenue Collections. The sector creates significant employment with an estimated 30 million jobs. Significant schemes by the Ministry of Heavy Industries aim to improve electric vehicle production and advanced battery manufacturing.
news
The Ministry of Food Processing Industries (MoFPI) has approved 169 applications under the Production Linked Incentive scheme for Food Processing Industries (PLISFPI), with a total investment of Rs. 9207 crore to date. Around ₹2,162.55 crore in incentives have been disbursed, creating a processing capacity of 35 lakh metric
news
The Economic Survey 2025-26 highlights India's enhanced innovation performance, boosted manufacturing through the Production Linked Incentive (PLI) Scheme, significant improvements in global innovation rankings, and strategic advancements in semiconductor manufacturing. Source: Original Link
news
The PLI (Production-Linked Incentive) Scheme for White Goods has provisionally selected five companies in its fourth round to encourage domestic manufacturing in air conditioner components. These companies are set to produce goods worth ₹8,337 crore and generate close to 1,800 jobs by the fiscal year 2027–28. Under
news
The Indian government has extended the deadline for fresh applications under the Production Linked Incentive (PLI) Scheme for Textiles until March 31, 2026. The decision follows a strong response from the textile sector since the application portal reopened in August 2025. This extension aims to encourage broader participation by providing
news
The Production Linked Incentives (PLI) Auto Scheme in India, launched to enhance manufacturing capabilities in Advanced Automotive Technology, has seen significant progress. With a total investment of ₹35,657 crore and disbursement of ₹2,321.94 crore in incentives, the scheme aims to boost domestic production, particularly in the electric
news
The Government of India has introduced a Production Linked Incentive (PLI) Scheme named the 'National Programme on Advanced Chemistry Cell (ACC) Battery Storage', in place of the FAME Phase-II Scheme. With a budget allocation of Rs. 18,100 crore, this initiative aims to foster a competitive domestic manufacturing
news
The Production Linked Incentive (PLI) Scheme for the automobile sector is advancing localization with 18 applicants achieving Domestic Value Addition (DVA) certificates for 131 AAT products as of mid-December 2025. The PLI-Auto initiative, with an investment of ₹25,938 crore, focuses on establishing a robust domestic supply chain and encouraging