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 […]
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 […]
National Green Hydrogen Mission – Powering Sustainable India
What is Green Hydrogen Hydrogen is emerging as an important source of energy since it has zero carbon content and is a non-polluting source of energy. Depending on the nature of the method of its extraction, hydrogen is categorized into three categories, namely, grey, blue and green. Green hydrogen is hydrogen produced using electricityfrom clean energy […]
PLI Scheme for Manmade textiles
Purpose of the Scheme The Production Linked Incentive (PLI) Scheme is intended to promote production of MMF Apparel & Fabrics and, Technical Textiles products in the country to enable Textiles Industry to achieve size and scale; to become competitive and a creator of employment opportunities for people. About the Scheme The scheme has been introduced […]
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 […]
Production Linked Incentive – an engine to fuel Industrial Revolution 4.0 in India
The government of India has announced in 2019 that it will come with the production linked incentive scheme for manufacturing sector to make India a global hub for manufacturing. Although, the idea of the government was hit by COVID-19 pandemic last year however, the government is now ready to introduce it now. With PLI scheme […]