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Searched Tag: pli scheme

PLI scheme to reach Rs 2 lakh cr investment, 12 lakh jobs

September 30, 2024, 09:38 AM - 3 min read

Union Commerce Minister Piyush Goyal announced that Rs 1.46 lakh crore in investments under the PLI scheme have been realised as of August, with the total likely to reach Rs 2 lakh crore next year, generating production worth Rs 12.5 lakh crore and creating around 9.5 lakh jobs, expected to grow to 12 lakh soon.

Govt to launch another PLI scheme for speciality steel

September 27, 2024, 03:25 PM - 1 min read

The government is preparing a second round of the PLI scheme for speciality steel due to disappointing responses from the first initiative, Steel Secretary Sandeep Poundrik said at the CII Steel Summit 2024 in New Delhi on Friday.

Textiles Minister Giriraj Singh said on Tuesday that the government has approved an extension of the Production Linked Incentive (PLI) scheme, originally aimed at textiles, to include the garments sector.

India extends ₹10,000 cr PLI scheme to garments

June 25, 2024, 04:47 PM - 2 min read

Addressing attendees at the India International Garment Fair (IIGF), Minister Singh, highlighted government's commitment to boost growth within the textiles and garments industry. The PLI scheme, which initially received a budgetary allocation exceeding Rs 10,000 crore, has already been instrumental in promoting the production of man-made fibre apparel, fabrics, and technical textiles across the country.

PLI to boost India's 5G subscriptions to 860M by 2029: Report

PLI to drive India’s 5G to 860M by 2029

May 23, 2024, 11:41 AM - 2 min read

Driven by the PLI scheme, India's 5G subscriptions have surpassed 130 million, projected to reach 860 million by 2029, per a Prabhudas Lilladher report. India's teledensity is 85.64%, with rural at 58.92% (up from 44% in 2014) and urban at 134.13%.

Since the launch of India’s Production-Linked Incentive (PLI) scheme for smartphones in August 2021, the Apple ecosystem has solidified its position as a primary driver of blue-collar employment in the country.

PLI Success: Apple’s Indian ecosystem emerges as top job creator

April 2, 2024, 04:20 PM - 2 min read

Government officials and industry experts, revealed that a substantial portion of these employees are young, first-time job seekers aged between 19 to 24 years. Moreover, an estimated 300,000 people have benefited from indirect employment opportunities stemming from the Apple ecosystem.

“The PLI Scheme is only meant to give you that little bit of a boost to kickstart your efforts", said Commerce Minister

PLI Scheme to give kickstart, ultimately competition will prevail: Piyush Goyal to industry

February 3, 2024, 04:23 PM - 2 min read

Goyal encouraged firms to benefit from the Production-Linked Incentive(PLI) scheme to consider it as an initial boost rather than a long-term subsidy. He emphasized the need for competition and urged companies to provide constructive criticism and feedback for better implementation of the scheme.