PLI

Image Source : FILE Rajeev Chandrasekhar Union Minister of State for Electronics and IT Rajeev Chandrasekhar on Friday announced that the production-linked incentive (PLI) scheme is scaling new heights every day on production, exports, and jobs. The minister shared this information via an X post.  He also said that Apple has produced over Rs 1 lakh crore worth…

The drone industry wants the production-linked incentive (PLI) scheme for drones to be expanded and its outlay increased so that more players can apply, chairperson of the Steering Committee for Advancing Local value-add and Exports (SCALE) told ET.SCALE is an initiative under the ministry of commerce and industry, which is chaired by IN-SPACe chairman Pawan Goenka. IN-SPACe is India’s private space industry regulator.Elevate Your Tech Prowess with High-Value Skill CoursesOffering CollegeCourseWebsiteMITMIT Technology…

Samsung plans to start manufacturing laptops at its facility in Noida later this year, according to a top company executive. The South Korean tech conglomerate already manufactures its smartphones in the country — these are sold domestically as well as exported — and is already making preparations to begin assembling laptops here. Samsung currently produces its laptops in China and Vietnam, and the laptop models that it plans to produce here are expected to be sold in the Indian market.TM Roh, Samsung's Mobile Division…

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The centre will launch a revised incentive scheme of up to Rs 10,000 crore to promote the establishment of electronic and semiconductor component plants in the country, top officials told ET. The move is aimed at creating a supporting ecosystem for the mega chip- packaging units being set up by the likes of US-based Micron as well as Indian conglomerate Tata Group and Kaynes Corp that marks the first leg of India’s ambitious journey to emerge as a global hub for electronics manufacturing and design.The new incentive…

The new subsidies will directly create at least 50,000 jobs and indirectly, about 150,000 more jobs. This initiative covers domestic assembly of desktop and laptop PCs, tablets, and other tech hardware. The approved companies include Dell, HP, and Asus…

The government on Saturday approved the proposals of Dell, HP India, Flextronics India, VVDN Technologies, Netweb Technologies, Lenovo, and 21 others for manufacturing of IT hardware under the second phase of the production linked incentive scheme. These 27 companies have in total submitted proposals for investment of Rs 3000 crore over the next five years, with an incremental production value expected to be around Rs 3.5 lakh crore, Union electronics and information technology minister Ashwini Vaishnaw said. Elevate Your…

The Indian government met large global firms such as Foxconn, Samsung Electronics and Reliance Industries to find ways to boost manufacturing in the country with its production-linked incentive (PLI) scheme. The meeting, addressed by India's Trade Minister Piyush Goyal on Tuesday, comes amid concerns that some of the businesses were facing delays in availing the incentives from New Delhi amid complicated procedures. The discussions included ways to improve local manufacturing at competitive costs, higher domestic…

India's cabinet has approved US chipmaker Micron Technology's $2.7 billion (roughly Rs. 22,159 crore) plan for a new semiconductor testing and packaging unit, a senior government source said on Tuesday ahead of Prime Minister Narendra Modi's state visit to the US.The government agreed production-linked incentives worth Rs. 110 billion ($1.34 billion) for the plant, which is set to be built in PM Modi's home state of Gujarat, the Indian official added. He declined to be identified ahead of a planned announcement during PM…

India's cabinet has approved US chipmaker Micron Technology's $2.7 billion (roughly Rs. 22,159 crore) plan for a new semiconductor testing and packaging unit, a senior government source said on Tuesday ahead of Prime Minister Narendra Modi's state visit to the US.The government agreed production-linked incentives worth Rs. 110 billion ($1.34 billion) for the plant, which is set to be built in Modi's home state of Gujarat, the Indian official added. He declined to be identified ahead of a planned announcement during Modi's…