Over half of PLI money are spent on electronics and mobile devices.

According to government estimates, major electronics manufacturers, including those that produce mobile phones, have received more than half of the $2,875 crore in disbursements made so far under the government’s Production Linked Incentive (PLI) scheme for 14 industries. Much of the remaining market was dominated by pharmaceuticals and food items. There are 1.97 lakh crores…

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Garment and Textile exports reduce

Exports of textiles and apparel decreased by 8.5% in the first half of FY23 compared to the same period last year, significantly behind the 17.8% increase in merchandise exports as a whole. In H1FY23, textile and clothing exports totaled $18.3 billion, down from $20 billion in H1FY22, according to the most recent data from the…

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