New Delhi, April 13 (IANS) India is poised to lead the global pharmaceutical landscape due to its focus on biologics, biosimilars and specialty medicines, Health Minister JP Nadda said on Monday.The minister highlighted that the government recently launched Biopharma Shakti Initiative with an outlay of Rs 10,000 crore, to advance capabilities in biopharmaceutical innovation, foster innovation and strengthen research capabilities. Union Minister of State for Health and Family Welfare, Anupriya Pa…
Latest Production Linked Incentive News & Updates
New Delhi, April 1 (IANS) Union Minister of State for Electronics and IT, Jitin Prasada, on Wednesday highlighted that India’s electronics manufacturing sector has witnessed a sharp expansion over the past decade, with production rising over six-fold to around Rs 12 lakh crore in FY25 from about Rs 1.9 lakh crore in FY15.In a written reply in the Lok Sabha, the minister said exports of electronic goods have surged nearly eight times to about Rs 3.3 lakh crore, while mobile phone production jum…
New Delhi, March 27 (IANS) India’s Production Linked Incentive (PLI) schemes have generated investments exceeding Rs. 2.16 lakh crore, driven incremental production and sales of over Rs. 20.41 lakh crore and created over 14.39 lakh direct and indirect jobs across 14 sectors, the government said on Friday.As many as 836 applications have been approved under the PLI framework and the schemes have strengthened domestic manufacturing capacity, enhanced exports and reduced import dependence in stra…
New Delhi, March 13 (IANS) India is planning a new set of incentives to support domestic mobile phone manufacturing after its flagship production-linked incentive (PLI) scheme for the sector ends this month.The move is expected to benefit global smartphone makers such as Apple and Samsung, which have significantly expanded their production in the country in recent years, according to multiple reports.The government’s decision to continue supporting the industry comes at a time when India may l…
New Delhi, March 2 (IANS) In a major step towards strengthening indigenous capabilities in advanced power electronics, the government on Monday unveiled a 30 kW Wide Band Gap (WBG)-based Integrated Drive System (IDS) for electric vehicles (EVs) at IIT Madras.The system has been developed by the Centre for Development of Advanced Computing (C-DAC), Thiruvananthapuram, in collaboration with Indian Institute of Technology Madras and Lucas TVS under the National Mission on Power Electronics Technolo…
New Delhi, March 2 (IANS) India’s active pharmaceutical ingredient (API) market, currently valued at about $15–16 billion, is projected to grow at a compound annual growth rate of 5–7 per cent in FY27 and FY28, a report said on Monday.The report from CareEdge Ratings said the growth will be driven by favourable government policies, a structural shift toward high‑potency and complex APIs, rising domestic demand and deeper penetration into regulated and emerging markets.Indian pharma firms…
New Delhi, Feb 27 (IANS) India and Israel, in their key meetings this week, have placed technology and innovation at the centre of the partnership which aligns closely with India’s ambition of building a $500 billion electronics manufacturing economy by 2030–31, industry experts said on Friday.Prime Minister Narendra Modi and his Israeli counterpart, Benjamin Netanyahu, have elevated the bilateral relationship to a ‘Special Strategic Partnership for Peace, Innovation and Prosperity’, ref…
Jaipur, Feb 4 (IANS) In a major push towards high-tech industrial growth and strategic self-reliance, the Rajasthan government has announced the Rajasthan Semiconductor Policy aimed at positioning the state as a leading hub for semiconductor manufacturing and allied sectors. With semiconductors emerging as the backbone of modern digital and automated technologies, the new policy seeks to strengthen Rajasthan’s role in India’s semiconductor ecosystem while supporting national goals of economi…
New Delhi, Jan 23 (IANS) The government on Friday said that five companies, selected in the fourth round under the PLI Scheme for White Goods, are expected to achieve a total production of Rs 8,337.24 crore and generate 1,799 additional direct jobs by FY 2027–28.The evaluation of 13 applications received in the fourth round under the PLI Scheme for White Goods has resulted in the provisional selection of five applicants, with a committed investment of Rs 863 crore, all engaged in the manufactu…
New Delhi, Jan 20 (IANS) Prime Minister Narendra Modi on Tuesday highlighted the rise of India’s textile sector from a legacy industry to a powerful job-creating and people-centric engine of growth, embodying the true spirit of Aatmanirbhar Bharat. PM Modi referred to an article written by Union Minister Giriraj Singh, which underlines the importance of the Centre’s PLI schemes and new Free Trade Agreements, which are creating the next wave of employment.India’s textile resurgence is roote…