The scheme is expected to promote the production of high value products in the country and increase the value addition in exports. Total incremental sales of Rs 2,94,000 crore and total incremental exports of Rs 1,96,000 crore are estimated during six years from 2022-23 to 2027-28
Speaking at a virtual interactive session at BioAsia 2021, Kant said some studies have indicated that the earlier scheme of 200 per cent tax incentive on Research and Development activities has been "misused".
Wipro GE Healthcare to invest ₹100 crore under PLI scheme
February 23, 2021
Proposes to manufacture CT scan units, Cath Labs, ventilators, among others - Altayb×
Wipro GE Healthcare will be investing about ₹100 crore under the PLI (Production Linked Incentive) scheme announced by the Union government recently.
“We submitted the application and Wipro has been selected for the scheme. We are investing a little over ₹100 crore on this plant,” Shravan Subramanyam, President and Chief Executive Officer of GE Healthcare (India and South Asia), has said. The firm proposes to manufacture CT scan units, Cath Labs, ultra sonography, ventilators and patient monitors at the new units.
How PLI scheme is boosting Indian manufacturing
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2 min read
Jagadish Shettigar,
Pooja Misra
The production-linked incentive (PLI) scheme is a central government scheme that seeks to make India an efficient, equitable and resilient manufacturing hub, on the lines of Prime Minister Narendra Modi’s call for a self-reliant India. Mint explains:
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The production-linked incentive (PLI) scheme is a central government scheme that seeks to make India an efficient, equitable and resilient manufacturing hub, on the lines of Prime Minister Narendra Modi’s call for a self-reliant India. Mint explains:
What are the key goals of the PLI scheme?
The Centre has announced 13 PLI schemes in wake of the Covid-19 pandemic last year. In February, the Union Cabinet approved the PLI scheme for telecom and networking products worth Rs 12,195 crore