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The preferences of a tech-savvy and aspirational demographic are compelling companies to adapt, innovate and align their offerings to suit evolving demands. ....
Union Budget 2024: To promote the manufacturing sector and foster job creation, Deloitte suggests that the government consider expanding the coverage of the Production-Linked Incentive (PLI) scheme to encompass additional sectors such as garments, jewelry, and handicrafts in the upcoming interim Budget. Presently, the PLI scheme is applicable to 14 sectors. ....
The Ministry of Heavy Industries is overseeing the INR 25,938 crore Production Linked Incentive (PLI) scheme for Automobile and Auto Components (PLI-AUTO Scheme). An official statement said results are coming as companies have commenced making investments and vehicle models are being approved for availing the scheme benefits. ....
PLI schemes form a major plank of India s Atmanirbhar plan. Currently, PLI schemes for 14 key sectors (with an incentive outlay of Rs. 1.97 lakh crore) are under implementation. ....
Ola Electric received domestic value addition certificate under the PLI scheme for the automobile and auto component industry. The company is the first Indian two-wheeler company to receive this certification. The certification was granted by ARAI after testing the product and checking the localization standards. ....