In the first half of this fiscal year, the government has paid out Rs 1,596 crore for six industries, including electronics and pharmaceuticals, through the production-linked incentive (PLI) scheme, a senior official said on Tuesday. With this, the initiative has now disbursed a total of Rs 11,317 crore since its inception. The scheme’s total expenditure…
As Budget FY26 preparations begin, the government has begun internal deliberations on how to revitalize the industrial sector with a new set of incentives. Although production-linked incentives are already being used to encourage investment in a few industries, a more comprehensive plan is currently being considered, in which government support would be connected to the…
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…
In FY23, pharmaceutical exports increased by 3.25 percent to $25.3 billion. Export growth in 2021–2022 was nearly flat at 0.71 percent, or $24.62 billion. The US, Canada, and Mexico (NAFTA), then Europe, received a significant portion of exports. According to R Uday Bhaskar, Director-General of the Pharmaceuticals Export Promotion Council (Pharmexcil), “I think this is…
According to a new report, the majority of multinational corporations (MNCs) view India as an alluring investment destination for their global expansion, which will lead to foreign direct investment (FDI) of $475 billion in the next five years as a result of India’s focus on reforms and economic growth. The optimism is driven by both…
The Government approved an extra 19,500 crore in funding for the production-linked incentive (PLI) plan for the development of high-efficiency solar modules. The government anticipates that this financial assistance will stimulate investment of 94,000 crores in a heavily dependent on imports industry, resulting in the domestic production of 65 GW of completely and partially integrated…
