New Delhi, April 10 (IANS) The government has approved 52 new applications under Round III of the Production-Linked Incentive Scheme for Textiles, which are expected to attract an investment of Rs 6,708 crore. While five of these applications are for man‑made fibre apparel, 19 are for man‑made fibre fabrics, 18 for technical textiles, and 10 for the multiple segment, according to a statement issued by the Ministry of Textiles on Friday.The investment in these textile manufacturing uni…
Latest Production Linked Incentive Scheme News & Updates
New Delhi, April 7 (IANS) The Production-Linked Incentive (PLI) Scheme for the food processing industry has attracted investments of Rs 9,207 crore and generated around 3.29 lakh jobs so far, the government said on Tuesday.Launched by the Ministry of Food Processing Industries, the scheme is being implemented over six years from FY 2021-22 to FY 2026-27 with a total outlay of Rs 10,900 crore.It aims to increase value addition, expand processing capacity and generate employment, particularly in r…
New Delhi, April 5 (IANS) India’s pharmaceutical exports reached over $28 billion up to February in the current financial year, registering a growth of more than 5 per cent compared to the same period last year, a senior government official has said.Speaking at the inaugural session of the ‘Chintan Shivir: Scaling Up Pharma Exports’, the official highlighted that the growth was led by formulations, biologicals, vaccines, and Ayush products.“Despite global challenges, pharmaceutical expor…
New Delhi, March 12 (IANS) The government has approved Rs 793.27 crore in incentives for 29 companies under the Production Linked Incentive (PLI) scheme for millet-based products to promote value addition and increase the use of millets in food products, the Parliament was informed on Thursday.In a written reply to a question in the Lok Sabha, Minister of State for Food Processing Industries Ravneet Singh said the incentives have been approved under the Production Linked Incentive Scheme for Foo…
New Delhi, March 11 (IANS) India’s mobile phone exports have surged sharply over the past decade, rising more than 127 times from about Rs 0.01 lakh crore in 2014-15 to nearly Rs 2 lakh crore in 2024-25, the Parliament was informed on Wednesday.Replying to a question in the Lok Sabha, Union Electronics and IT Minister Ashwini Vaishnaw said the sharp growth in exports reflects the success of the government’s push to expand electronics manufacturing under initiatives such as ‘Make in India’ an…
Kolar, Feb 17 (IANS) Defence Minister Rajnath Singh said on Tuesday that India’s collaboration with France is limitless, asserting that the sky is not the limit to nation’s mutually beneficial partnership. ”India and France are trusted strategic partners,” he said.He remarked, “We witnessed a milestone in the India-France partnership as Prime Minister Narendra Modi and French President Emmanuel Macron digitally unveiled the final assembly line of H125 helicopters. My congratulations to the …
New Delhi, Feb 12 (IANS) India’s medical devices industry is projected to reach $50.1 billion by 2030 from $15.2 billion in 2025, at a compound annual growth rate of 26.9 per cent, a report has said.The report from Rubix Industry Insights attributed the growth to government initiatives such as the National Medical Devices Policy, Production‑Linked Incentive Scheme, Scheme for Promotion of Medical Devices Parks, and MedTech Mitra.The report noted that medical devices exports reached $4.1 bill…
New Delhi, Feb 9 (IANS) The Ministry of Steel on Monday signed Memoranda of Understanding (MoUs) with 55 companies for 85 projects, involving an investment of Rs 11,887 crore. These projects are expected to add 8.7 million tonnes of speciality steel capacity by 2030-2031, significantly expanding India’s capabilities in high-end steel segments such as electrical steel, alloy and stainless steels, coated products, and grades required for strategic sectors.The MOUs were signed at Vigyan Bh…
Mumbai, Feb 1 (IANS) Indian automobile manufacturer Tata Motors Passenger Vehicles Ltd. on Sunday said that its sales in the domestic and international market, including that of electric vehicles (EV), stood at 71,066 units in January 2026, marking a 47.1 per cent rise year-on-year.The total sales, including EVs, were 48,316 units in January 2025.Passenger vehicle domestic sales, including electric vehicles, rose 46.1 per cent YoY to 70,222 units in January 2026 from 48,076 units a year earlier,…
New Delhi, Jan 29 (IANS) India’s innovation ecosystem has shown strong and steady progress over the past few years, with the country climbing to 38th position in the Global Innovation Index (GII) 2025 from 66th in 2019, according to the Economic Survey 2025-26 tabled in Parliament today by Union Finance Minister Nirmala Sitharaman on Thursday. The Survey highlights how government initiatives in manufacturing, research, startups and technology have helped India emerge as a growing global hub fo…