New Delhi, May 15 (IANS) Rajasthan on Friday entered India’s fast-growing semiconductor ecosystem with the virtual inauguration of the state’s first semiconductor plant and a major Electronics Manufacturing Cluster (EMC) at Bhiwadi, as the Centre intensified efforts to position the country as a global electronics and chip manufacturing hub.The Electronics Manufacturing Cluster developed by ELCINA at Salarpur in Khushkhera, Bhiwadi, Rajasthan, along with the semiconductor ATMP/OSAT facility o…
Latest Production Linked Incentive News & Updates
New Delhi, May 9 (IANS) Hampton Sky Realty Limited (formerly Ritesh Properties and Industries) on Saturday denied all allegations and asserted full compliance with applicable laws in its mobile-phone export operations.In a detailed statement, the company said it entered the mobile-phone export business in May 2023, describing it as a government thrust area under the ‘Make in India’ and Production-Linked Incentive schemes, noting strong growth in India’s mobile-phone exports in recent years…
New Delhi, April 30 (IANS) Invest India, the National Investment Promotion and Facilitation Agency under the Centre’s Department for Promotion of Industry and Internal Trade (DPIIT), has facilitated the grounding of 60 projects worth over $6.1 billion across 14 states during the financial year 2025–26, which are expected to generate more than 31,000 jobs, according to an official statement issued on Thursday.Grounded investments have registered a nearly threefold growth over FY 2024–25, wh…
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…
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…