production-linked incentive

Business

Government allocates over Rs 4,400 crore to Apple, Samsung & other smartphone manufacturers under PLI scheme | India Business News – Times of India

getworldnews1 year ago06 mins

[ad_1] PLI scheme: Apple‘s three Indian contract manufacturers – Foxconn (Hon Hai), Wistron (now owned by Tata group), and Pegatron – alongside Samsung from South Korea and domestic electronics company Dixon Technologies are slated to receive over Rs 4,400 crore in incentives for achieving targets in FY23 through India’s production-linked incentive (PLI) scheme for smartphones.However,…

Business

PLI is initial support, industry must face competition: Piyush Goyal | India Business News – Times of India

getworldnews1 year ago02 mins

[ad_1] NEW DELHI: Commerce and industry minister Piyush Goyal on Saturday said Production-Linked Incentive (PLI) schemes across various sectors should be viewed more as an initial support given to boost manufacturing, following which companies should be prepared to face competition to grow further.The idea is to make India a manufacturing powerhouse and there is a…