PLI

The Union Cabinet, chaired by Prime Minister Narendra Modi, has approved the Rs 17,000 crore Production Linked Incentive (PLI) Scheme for the IT hardware segment. The Production Linked Incentive Scheme2.0 for IT Hardware has a budgetary…

NEW DELHI: India is set to revive its effort to lure prospective chipmakers into the country as projects already disclosed, including billionaire Anil Agarwal’s $19 billion plan, are taking time to get off the ground.New Delhi plans to…

NEW YORK: Growth-equity investor General Atlantic expects to deploy up to $1 billion in new investments in India annually for the next few years, betting on businesses built around Prime Minister Narendra Modi’s push to expand financial…

Wiser from the experience with paying Faster Adoption and Manufacturing of Electric Vehicles (FAME) subsidy to automakers, the ministry of heavy industry has put in place a standard operating procedure (SOP) to ensure that there is a…

NEW DELHI: A key Indian government scheme designed to spur local production has drawn investments totaling 535 billion rupees ($6.54 billion) till December 2022, a trade ministry statement said on Wednesday.Investments under the …