New Delhi, July 24 (IANS) The Centre has released Rs 266.64 crore as incentives under the Production Linked Incentive (PLI) Scheme for Medical Devices up to FY 2024-25, while Rs 209.80 crore has been disbursed under the Medical Device Parks Scheme, Union Minister for Chemicals and Fertilisers JP Nadda informed the Lok Sabha on Friday.In a written reply, Nadda said that of the Rs 209.80 crore released for medical device parks, Rs 177.98 crore has already been utilised.Under the Scheme for Strengt…
Latest Production Linked Incentive Scheme News & Updates
New Delhi, July 21 (IANS) India has made significant progress in expanding its electric vehicle charging infrastructure, with 52,718 public charging stations currently operational across the country, the Centre informed Parliament on Tuesday.Of these, 16,561 are equipped with fast EV chargers for cars, helping reduce charging time and address one of the key concerns among EV users, the Minister of State for Heavy Industries Bhupathiraju Srinivasa Varma said in a written reply to Lok Sabha.Accord…
New Delhi, July 21 (IANS) Companies approved under the Production Linked Incentive (PLI) Scheme for Textiles have invested Rs 8,117.64 crore and created 33,427 new jobs as of March 31, 2026, the Centre informed Parliament on Tuesday.In a written reply to a question in the Lok Sabha, Minister of State for Textiles Pabitra Margherita said a total of 170 companies have been approved under the PLI Scheme for Textiles, with investments and employment generation continuing to gather pace.“Under the …
New Delhi, July 15 (IANS) India’s electronics manufacturing sector has created nearly 25 lakh jobs over the past decade, while production has increased almost seven-fold, underscoring the country’s emergence as a global manufacturing hub driven by the Make in India initiative, the Ministry of Electronics & IT (MeitY) said on Wednesday.The sector has become one of the fastest-growing sources of industrial employment, with the mobile manufacturing ecosystem alone supporting around 12 lakh dire…
New Delhi, July 15 (IANS) The Union Cabinet — chaired by Prime Minister Narendra Modi — on Wednesday approved the Mobile Phone Manufacturing Scheme (MPMS) with a budgetary outlay of Rs 62,500 crore to scale up domestic production, boost exports and strengthen India’s position as a global electronics manufacturing hub.The scheme — which will run for five years from FY2026-27 to FY2030-31 — aims to strengthen supply chain resilience, enhance global competitiveness and encourage the development…
New Delhi, July 7 (IANS) India is rapidly strengthening its position as one of the world’s leading manufacturing destinations and is emerging as a major beneficiary of the ongoing realignment of global supply chains, according to a report released by industry body ASSOCHAM on Tuesday.The report said the post-COVID global manufacturing landscape has undergone a significant transformation, with companies increasingly diversifying production beyond China by adopting China+1, nearshoring and friends…
New Delhi, June 22 (IANS) India has undergone a dramatic transformation over the last 12 years from the ranks of a “Fragile Five” economy to a robust, self-contained, data-driven engine of global growth, fully equipped to face the complexities of the digital century with absolute sovereignty, according to an article.”By shifting from short-term consumption splurges to an aggressive Rs 12.22 lakh crore public Capital Expenditure blueprint (a massive 4.4 per cent of GDP), the nation transformed fr…
New Delhi, June 11 (IANS) India’s textile industry has expanded to nearly $190 billion in 2025-26 and is poised to achieve the target of $350 billion by 2030, Textiles Minister Giriraj Singh said on Thursday.The domestic textile market has grown from about Rs 6 lakh crore in 2014-15 to over Rs 16 lakh crore, reflecting the sector’s robust expansion and increasing contribution to the national economy.He further noted that the textile and apparel sector currently provides direct employment to …
New Delhi, June 10 (IANS) The government on Wednesday approved 22 new applicants under the third round of the Production Linked Incentive (PLI) Scheme for Textiles, paving the way for investments worth Rs 2,339.14 crore and the creation of more than 36,000 jobs across the textile value chain.According to official data, the projects are projected to generate a turnover of Rs 15,561.34 crore from notified textile products and create 36,217 employment opportunities across the textile value chain.Wi…
New Delhi, April 30 (IANS) India’s iPhone exports hit a record Rs 2 lakh crore in FY26 — the country’s single largest branded export ahead of diamonds, automotive fuel, and medicines — in the final year of the government’s production-linked incentive (PLI) scheme for large-scale electronics manufacturing.According to vendor data submitted to authorities, this has made Apple the largest branded export across all categories under the Harmonised System (HS) classification, which spans more than 5…