Minister of State for Communications and Rural Development, Dr Chandra Sekhar Pemmasani, said in a written reply to a question in Lok Sabha that total 42 beneficiaries have been approved under the PLI scheme for telecom and networking products (till October 31).
India’s ambitious renewable energy goals have placed the country at the forefront of the global energy transition.
The thrust of local telecom manufacturing, driven by the production-linked incentive (PLI) scheme, will provide more job opportunities at entry level and help in building up skilled manpower resources, the Centre has said.
I n August 2020, Prime Minister Modi in his nationwide address in the Mann ki Baat programme articulated a vision for India’s toy industry and a “sankalp” (resolve) to make India a toy manufacturing hub for the entire world.
Keeping in view India's vision of becoming 'Atmanirbhar', PLI schemes for 14 key sectors were announced with an outlay of Rs 1.97 lakh crore (over $26 billion) to enhance the country’s manufacturing capabilities and exports.
The IT Ministry said that 27 companies have cumulatively invested Rs 464.66 crore under the PLI scheme for IT hardware and PLI scheme 2.0 for IT hardware.
The exports increased from $2.42 billion in June 2023 to $2.82 billion last month, according to data shared by the Ministry of Commerce and Industry.
According to sources, most of the growth was driven by iPhones amid the premiumisation trend that has solidified in the world’s second-largest smartphone market.
The application window for the scheme will remain open from July 15 to October 12.
After taking charge of the Ministry of Commerce and Industry for a second consecutive term on Tuesday, Goyal convened a review meeting with senior officials from both departments within the Ministry.
