New Delhi, July 24 (IANS) India’s automotive retail sales rose 28.6 per cent year‑on‑year in July 1–23, with all segments expanding compared with the same period last year, a report said on Friday.The report from Choice Institutional Equities said two‑wheeler sales grew 31 per cent YoY, while passenger vehicle sales rose 20.6 per cent YoY, driven by strong demand in the SUV and passenger car segments.Commercial vehicle sales recorded 27.3 per cent YoY growth, while three‑wheeler sales …
Latest Production Linked Incentive News & Updates
New Delhi, July 22 (IANS) India’s auto and auto‑ancillaries sector is expected to see operating revenue to grow by around 8 per cent in FY27, a report said on Wednesday.The report from Brickwork Ratings said the sector is entering a new investment cycle with Rs 703 billion of projects scheduled for commissioning between FY27 and FY29.The investments are supported by a pipeline of 184 projects worth Rs 4.76 trillion and 70 projects already under implementation.The investment momentum is backe…
New Delhi, July 21 (IANS) The government’s Production Linked Incentive (PLI) schemes have attracted actual investments of more than Rs 2.40 lakh crore, generated over 14.15 lakh direct and indirect jobs, and enabled exports worth Rs 15.2 lakh crore across 14 key sectors as of March 31, 2026, Parliament was informed on Tuesday.In a written reply in the Lok Sabha, MoS for Commerce and Industry Jitin Prasada said the PLI schemes, launched with an approved financial outlay of Rs 1.91 lakh crore.The …
New Delhi, July 15 (IANS) The government on Wednesday invited bids to pick up beneficiaries for establishing giga-scale Advanced Chemistry Cell (ACC) manufacturing facilities with a cumulative capacity of 10 GWh in India.The capacity is earmarked for Grid-Scale Stationary Storage (GSSS) applications under the production linked incentive (PLI) scheme for ACC Battery Storage.Ministry of Heavy Industries (MHI) said it has released the Request for Proposal (RFP) for inviting bids through a global te…
Washington, July 9 (IANS) India’s push to establish itself as a global manufacturing hub is beginning to pay off as international supply chains diversify, with the International Monetary Fund (IMF) saying on Thursday that it is already seeing tangible evidence of the shift, particularly in electronics manufacturing, while urging New Delhi to sustain structural reforms to maintain the momentum. Responding to questions at the IMF’s regular press briefing, Julie Kozack, Director of the IMF’s Commun…
New Delhi, June 27 (IANS) India experienced a tremendous transformation from the ‘Fragile Five’ label pinned on it by global analysts in 2013 to a more self‑reliant, global growth engine built on banking reforms, silicon hardware push and domestic technology development, a report has said.The report from Vietnam Times said the public capital expenditure blueprint of Rs 12.22 lakh crore transformed the nation from ‘a passive tech consumer into a sovereign architect of its own future’.The Gross …
New Delhi, June 24 (IANS) India can significantly strengthen its position in the global pharmaceutical industry by moving beyond volume-led exports and focusing on higher-value products such as biosimilars, speciality drugs and advanced therapies, according to Dr. Manoranjan Sharma, Chief Economist at Infomerics Ratings.In an interaction with IANS, Sharma said India already enjoys a leadership position in the global generics market, accounting for around 20 per cent of generic medicine exports w…
Mumbai, June 23 (IANS) India has made significant progress across several sectors over the past 12 years, but the country must become more globally competitive to achieve its ambition of becoming a $10 trillion economy, Confederation of Indian Industry (CII) President R. Mukundan said on Tuesday.In an interaction with IANS, Mukundan said India has witnessed substantial improvements in infrastructure sectors such as power, logistics, railways, ports and shipping. However, he stressed that the cou…
New Delhi, June 23 (IANS) India, which is one of the world’s largest suppliers of generic medicines and a major provider of vaccines and essential drugs, needs to make a quantum jump into manufacturing high-value pharmaceuticals and Active Pharmaceutical Ingredients (API), and there has to be strong Production Linked Incentive (PLI) schemes to achieve this, economists said on Tuesday.Commenting on the NITI Aayog report on pharmaceutical trade that came out on Tuesday, economist Ved Jain told I…
New Delhi, June 9 (IANS) India’s journey over the past twelve years has been nothing short of transformative, reshaping its economic, technological, and infrastructural landscape with unprecedented speed and scale. What began in 2014 as a nation struggling under the label of the “Fragile Five” economies has now emerged as the world’s fastest-growing major economy, confidently steering towards the ambitious goal of becoming a five-trillion-dollar economy.This roadmap of the past twelve years of P…