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PM Modi Reiterates That Government Has No Business To Be In Business, Bats For Privatisation Of PSUs And Aggressive Asset Monetisation

PM Modi Reiterates That Government Has No Business To Be In Business, Bats For Privatisation Of PSUs And Aggressive Asset Monetisation
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Centre extends PLI scheme to pharma sector, investment worth Rs15 crore expected

Centre extends PLI scheme to pharma sector, investment worth Rs15 crore expected Premium Bulk drugs or active pharmaceutical ingredients (APIs) are the active raw materials used in medicines to give them their therapeutic effect. Photo: Bloomberg 1 min read Share Via Read Full Story NEW DELHI: The Union Cabinet, chaired by Prime Minister Narendra Modi, on Wednesday, approved the Production Linked Incentive (PLI) Scheme for the domestic pharmaceutical sector for financial years 2020-21 to 2028-29. About Rs15,000 crore worth of incentives will be provided under the scheme. TRENDING STORIESSee All 1 min read 1 min read 2 min read 2 min read The scheme, the government said, will benefit domestic manufacturers, help generate 20,000 direct and 80,000 indirect jobs, and will likely make available a wider range of affordable medicines to consumers.

PLI Scheme for IT hardware | Cabinet approves PLI Scheme for IT hardware, pharma sectors

Updated Feb 24, 2021 | 16:01 IST The target segment under the proposed scheme includes laptops, tablets, all-in-one PCs, and servers said Union Minister Ravi Shankar Prasad. Cabinet approves PLI Scheme for IT hardware, pharma sectors  New Delhi: The Union Cabinet on Wednesday approved a production-linked Incentive scheme for IT Hardware. The scheme proposes an incentive to boost domestic manufacturing and attract large investments in the value chain of IT Hardware. The target segment under the proposed scheme includes laptops, tablets, all-in-one PCs, and servers said Union Minister Ravi Shankar Prasad. The total cost of the proposed scheme is approximately Rs.7,350 crore over 4 years, which includes an incentive outlay of Rs.7,325 crore and administrative charges of Rs 25 crore.

India OKs $1Bn Scheme to Attract IT Hardware Manufacturers From China, US & Other Nations

PLI scheme for IT products has outlay of over Rs 7,000 cr, says govt

The union cabinet on Wednesday approved production-linked incentive scheme for IT hardware products. The target IT hardware segments under the proposed Scheme include laptops, tablets, personal computers (PCs) and servers. The total cost of the PLI scheme for IT hardware is approximately Rs 7,350 crore over 4 years. After the success of in bringing investments in mobile phone (handsets and components) manufacturing, the union cabinet chaired by the Prime Minister, Narendra Modi has approved the PLI scheme for IT hardware, the government said in a release. The proposed scheme is likely to benefit major global as well as domestic manufacturers of IT hardware products and will offset the import reliance in this segment. Over the next 4 years, the scheme is expected to lead to total production of upto Rs 3.26 trillion.

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