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India is reviewing its trade pact with Asean to address anomalies like the inverted duty structure disadvantaging local manufacturers. Measures such as production-linked incentive schemes, import tariffs, and import monitoring are in place to tackle the trade deficit. ....
Centre issues operational guidelines for PLI scheme for textiles sector : Rashtra News #Centre #issues #operational #guidelines #PLI #scheme #textiles #sector Under the scheme, FY 2024-25 will be considered as the first performance year with a minimum prescribed turnover of Rs 600 crore, according to the guidelines. The government on Tuesday issued the operational guidelines ....
PLI scheme for textiles attracts 67 companies; RIL, Arvind, Bombay Dyeing, Welspun among applicants : Rashtra News #PLI #scheme #textiles #attracts #companies #RIL #Arvind #Bombay #Dyeing #Welspun #among #applicants Textiles secretary UP Singh said the investments committed by the applicants have exceeded the government’s expectations of over Rs 19,000 crore. As many as 67 companies ....
So far, the progress of the scheme has been slow in sectors like IT hardware, textile products and specialty steel, medical devices, automobile and auto components, ACC batteries, and white goods. ....
"The fiscal discipline of the government means that its expenditure would be a little controlled. We are hoping for a normal monsoon, so the agriculture sector will be okay. At 6.8%, India would still be the fastest-growing major economy," says Crisil CEO Amish Mehta ....