Modi Cabinet Approves Rs 7,350 Crore PLI Scheme For Domestic Manufacturing Of Laptops,Tablets swarajyamag.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from swarajyamag.com Daily Mail and Mail on Sunday newspapers.
PLI scheme for electronic gadgets could entail an investment of over Rs 7,000 crore. Companies setting up manufacturing units in India are likely to be offered a upto 4 per cent PLI
The pharma industry felt the PLI scheme leads the way to create more global-scale pharma companies in India. The industry expects more guidelines to come out on minimum investment criterion to qualify for the scheme. If the Centre only links the incentive to incremental sales value, the industry is happy, said an industry insider.
Ramesh Swaminathan, chief financial officer and head of corporate affairs at Lupin, said, they are eagerly awaiting the finer details of the scheme. Meanwhile, B R Sikri, chairman of the Federation of Pharma Entrepreneurs, said, higher incentives would have meant more production of cancer drugs, thereby, bringing down their prices.
Read more about Top headlines: Covid vaccines for those over 60; Maruti launches new Swift on Business Standard. The union cabinet approved production-linked incentive scheme for IT hardware products; NSE suffered an outage earlier in the day due to technical glitches