New PLIs on Card – Footwear & Bicycle
Government of India is set to roll out 2 new PLI Schemes i.e. Footwear and Bicycle to promote manufacturing in India. These will be the part of fresh set of PLI Schemes after the initial 13 PLIs being announced by the Government in 2020 post COVID-19 Lockdown to make China Plus 1 Strategy. Footwear PLI […]
Innovation in Pharma & MedTech
Scheme for Promotion of Research and Innovation in Pharma MedTech Sector (PRIP) Objectives of the Scheme :- Transform Indian Pharma MedTech sector. Move from cost based to innovation-based growth. Strengthen the research infrastructure in the country. Promote industry-academia linkage for R&D in priority areas. Inculcate the culture of quality research and nurture our pool of […]
IT Hardware PLI 2.0
Indian Government has launched again a PLI Scheme to incentivize manufacturing of consumer electronics in the country. Salient features of the scheme are as follows:- Total Budgetary Outlay – Rs. 17,000 crore. Tenure – 6 years Target Segments – Laptops, tablets, all-in-one PCs, servers and ultra small form factor devices. Expected incremental investment is Rs. […]
Kerala Industrial Policy 2023
Kerala Government has recently released a New Industrial Policy 2023 for the state. The policy will apply without any expiry. The Industrial policy is based on the 7 Pillars being the basic objective of the scheme which are as under:- 1. Fostering Entrepreneurship 2. Enabling Infrastructure 3. Transition to Hi-Tech 4. Skill Development 5. Supportive […]
Andhra Pradesh releases State Industrial Policy 2023-27
Recently Andhra Pradesh has issued its State Industrial Policy 2023-27 covering the incentives proposed by the state with a mission to build a prosperous state. The policy brings a special incentive for SC/ST Enterpreneur under the YSR Jagananna Badugu Vikasam Scheme. The policy aims for the following:- Economic Growth Port-led development Enhanced Logistical ecosystem Developing […]
SPECS scheme extended by 1 year by MeiTY
MeiTY has recently extended the period for filing new application under Scheme for Promotion of Manufacturing of Electronic Components and Semiconductors by another 1 year. This mean that the companies can now apply for a electronic manufacturing project till 31st March 2024 and the projects will be allowed to be completed by 31st March 2029 […]
PLI scheme for Speciality Steel
Union Cabinet approved the PLI Scheme for Speciality Steel. The duration of the scheme will be five years, from 2023-24 to 2027-28 with a budgetary outlay of ₹6322 crores. The scheme is expected to bring in investment of approximately ₹40,000 crores and capacity addition of 25 MT. The scheme will give employment to about 5,25,000 […]
PLI for Solav PV Manufacturing
Eligibility Beneficiaries of the PLI scheme will be selected through a transparent bidding process and will be shortlisted after consideration of the following three parameters: A) Extent of Integration: Manufacturers to propose to set up a fully integrated solar PV manufacturing plant using silicon based technology (starting from the stage of manufacturing of polysilicon, to […]