The ministry is seeking unused funds from the existing PLI for specialty steel to enable it to launch an expanded version, PLI 2.0, for steel grades used in making defence equipment and automobiles.
India Business News: Apple's approach to manufacturing differs from the conventional setup, as it collaborates with global electronic contract manufacturers rather than es
Under PLI 2.0, the average incentive is 5% on net incremental sales of goods manufactured in India. The target segment under PLI 2.0 includes laptops, tablets, all-in-one PCs, servers and ultra-small form factor
The Centre is hopeful of a major change in India's IT hardware landscape, similar to what is being seen in the smartphone sector. Apple Inc is absent from the list but the government is hopeful of the tech giant’s participation in the near future
The Indian government is expecting investments of ₹5,000 crore, generating direct employment for 75,000 people, and incremental production of ₹3.35 trillion.