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…
Latest Production Linked Incentive News & Updates
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…
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…
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…