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Indian business leaders in Singapore lauded the Union Budget for 2022-23 presented by Finance Minister Nirmala Sitharaman today, saying it is in tune with the global trends and a "giant step" towards making India a $5 trillion economy in the next few years. ....
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Synopsis Buoyed by the surge in interest from global manufacturers, the government is also planning PLI for other sectors to boost domestic manufacturing of wearable devices such as smartwatches. Leading international companies are expanding production at their newly setup units in India after the government launched attractive initiatives such as the production-linked incentive (PLI) scheme for smartphones and other technology-driven sectors, Girija Pande, chairman of Apex Avalon Consultancy, said on Monday. Buoyed by the surge in interest from global manufacturers, the government is also planning PLI for other sectors to boost domestic manufacturing of wearable devices such as smartwatches. Such incentives would help India increase manufacturing s share in the GDP to 25 per cent in the coming years from the current 17-18 per cent, he pointed out. ....
Global firms expand production in India after govt woos investors with PLI scheme Buoyed by the surge in interest from global manufacturers, the government is also planning PLI for other sectors to boost domestic manufacturing of wearable devices such as smartwatches PTI | April 5, 2021 | Updated 22:05 IST The PLI schemes will help India export electronic/IT goods worth Rs 2.45 trillion a year Leading international companies are expanding production at their newly setup units in India after the government launched attractive initiatives such as the production-linked incentive (PLI) scheme for smartphones and other technology-driven sectors, Girija Pande, chairman of Apex Avalon Consultancy, said on Monday. ....