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New Delhi: The government will expand the coverage of the Rs 10,683-crore production-linked incentive (PLI) scheme for textiles covering man-made fibre (MMF) apparel, fabrics, and technical textiles, Union minister Giriraj Singh said on Tuesday. The addition of products to the list of eligible items for receiving the government's financial support will support industry, enhance ease of doing business, encourage fresh investments in the sector and accelerate growth in the textiles sector. It und ...Read More >
Ola Electric Mobility today announced that it has received the Certification for Compliance with the eligibility assessment requirements under the Production Linked Incentive (PLI) Scheme for its Roadster X+ 11 kW 4.5 kWh from the Global Automotive Research Centre (GARC) under the Production Linked Incentive Scheme for Automobile and Auto Components (PLI-Auto Scheme). With this, Roadster X+ 4.5 kWh becomes the first motorcycle in the Roadster portfolio to receive PLI certification, marking a si ...Read More >
Pune : EKA Mobility, a leading electric vehicles and technology company, today announced an exceptional 5X year-on-year volume growth in FY 2025-26. The company sold 1,143 units and produced 1,344 electric commercial vehicles. This milestone comes on the back of the company's widest and most comprehensive range of electric vehicles across segments. The company entered the M&HCV truck segment this year, in addition to its existing bus and SCV portfolio. EKA Mobility is a Champion OEM under the Au ...Read More >
NEW DELHI: India's imports of telecom equipment from China rose to $6.37 billion (about ₹59,500 crore) in 2023-24, up from $5.55 billion in 2019-20, Minister of State for Communications Chandra Sekhar Pemmasani informed the Parliament on Wednesday. Pemmasani, in a written reply to Lok Sabha, said that total imports in the telecom equipment category rose from $13.33 billion in 2019-20 to $17.01 billion in 2023-24. "The imports under the principal commodity 'telecom instruments' have increased f ...Read More >
New Delhi, Apr 1 (PTI) The production-linked incentive scheme to boost domestic mobile phone manufacturing received more than twice the target investment at Rs 17,519 crore, and total production has exceeded the target by 36 per cent at Rs 8.12 lakh crore, Parliament was informed on Wednesday. The data shared by minister of state for electronics and IT, Jitin Prasada in Lok Sabha shows that smartphones worth Rs 2.62 lakh crore, about USD 28 billion, were exported in 2025. "From being an import ...Read More >
New Delhi, Dec 16 (SocialNews.XYZ) India's industrial and warehousing market remained resilient in 2025, with cumulative demand across the top eight markets reaching 26.5 million square feet in the first nine months of the year, reflecting an 11 per cent year‑on‑year increase, a report said on Tuesday. The report from Colliers said that annual demand could reach 30--40 million sq ft, with new supply likely to remain elevated at 35-40 million sq ft in 2025. Third‑party logistics (3PL) players c ...Read More >
Kolkata, Dec 16 (UNI) India's industrial and warehousing market remained resilient, with cumulative demand across the top eight markets reaching 26.5 million sq ft in the first 9 months of the year, reflecting an 11 percent YoY increase, a research study by Colliers Insight on how Industrial warehousing and investment performed in 2025 and the outlook for 2026 said on Tuesday. Grade A space uptake stayed at an all-time high, even as global occupiers remained cautious amid ongoing trade uncertai ...Read More >
New Delhi, Dec 15 (PTI) Batter energy storage system (BESS) cost has fallen steeply to Rs 2.1 per unit from about Rs 10.18 per unit discovered through tariff-based competitive bidding during 2022-23, Parliament was informed on Monday. The cost of BESS discovered through tariff-based competitive bidding during 2022-23 was about Rs 10.18/kWh, if the storage is used for two cycles daily, a power ministry statement said. According to the statement, the cost of BESS discovered through competitive b ...Read More >
New Delhi [India], November 20 (ANI): India's export sector has delivered a powerful message of resilience and global competitiveness in by far in 2025-26, recording its highest-ever quarterly exports in both Q1 and Q2, and culminating in the highest-ever export performance for the first half of any financial year.This achievement comes at a time when global trade continues to be weighed down by geopolitical tensions, supply-chain disruptions, inflationary pressures, and uneven demand recovery a ...Read More >
The government has launched the Trade Intelligence and Analytics (TIA) portal, a consolidated data platform designed to give exporters, importers, startups and MSMEs real-time insights into global and domestic trade patterns. Commerce and Industry Minister Piyush Goyal said on Tuesday that the tool would equip businesses to make more informed decisions and strengthen their use of India's free trade agreements. Developed by the Department of Commerce, the TIA portal brings together multiple nat ...Read More >
New Delhi, Nov 4 (SocialNews.XYZ) Union Steel and Heavy Industries Minister H.D. Kumaraswamy on Tuesday launched the third round of the production-linked incentive (PLI) scheme for specialty steel, according to an official statement issued on Tuesday. The Steel Ministry's PLI scheme has so far attracted a commitment for investment of Rs 43,874 crore, which is expected to create direct employment for 30,760 people and an estimated production of 14.3 million tonnes of specialty steel. As of Septe ...Read More >
New Delhi: Steel Minister HD Kumaraswamy on Tuesday launched the third round of Production Linked Incentive (PLI) Scheme for speciality steel to attract investment in the sector, as part of the government's aim to boost domestic output and reduce imports. The minister launched the third round of the PLI scheme named 'PLI 1.2' for speciality steel at a function held here. The PLI scheme for speciality steel was approved by the Union Cabinet in July 2021 with an overall outlay of Rs 6,322 crore. ...Read More >
The government has reopened the application period for the Production Linked Incentive (PLI) scheme for white goods, covering air conditioners and LED lights, until November 10. The move comes after a strong response from the industry and rising investment interest under the programme. Originally, the fourth round of applications was open from September 15 to October 14. The reopening gives manufacturers additional time to participate and benefit from incentives designed to boost domestic produ ...Read More >
More than half of employers (56 per cent) in India intend to expand their workforce in the second half of the current financial year (H2 FY26), while 27 per cent plan to maintain stability and 17 per cent foresee rationalisation, a report said on Wednesday. New Delhi, More than half of employers (56 per cent) in India intend to expand their workforce in the second half of the current financial year (H2 FY26), while 27 per cent plan to maintain stability and 17 per cent foresee rationalisation, ...Read More >
Apple has achieved a record $10 billion in iPhone exports from India in the first six months of the fiscal year, marking a 75% increase. This surge is attributed to expanded production with two new factories and the global rollout of all iPhone models from India at launch. New Delhi: Apple has clocked a record $10 billion (about ₹88,730 crore, current currency conversion) worth of iPhone exports from India in the first six months of this fiscal, up 75% from $5.71 billion in the year-ago period ...Read More >
New Delhi [India], September 26 (ANI): United States President Donald Trump announced on Friday that his administration will impose a 100 per cent tariff on branded and patented pharmaceutical products beginning October 1, 2025, unless the manufacturing companies establish production facilities in the United States. The Indian pharmaceutical sector supplies over 50 per cent of global demand for various vaccines, 40 per cent of generic demand in the US and 25 per cent of all medicines in the UK. ...Read More >
NEW DELHI, Sept 16: Wholesale Price Index (WPI) increased from (-)0.58 pc in July 2025 to 0.52 pc in August 2025, driven by high prices of primary articles particularly food articles, non-food articles, minerals and manufactured goods, said Hemant Jain, President of PHD Chamber of Commerce and Industry (PHDCCI) in a communique. Jain said, "The prices of food articles increased by 1.45 pc in August 2025 vs July 2025 due to the inflation in wheat, pulses, eggs, meat and fish. While higher prices ...Read More >
New Delhi: Ola Electric has filed a claim of around Rs 400 crore incentive under the government's production-linked incentive (PLI) scheme, reinforcing its compliance with rigorous localisation and regulatory requirements, according to sources. As per industry sources, Ola has filed the claim with eligible sales of about Rs 3,000 crore for FY25, translating into an expected incentive of nearly Rs 400 crore. The incentive, calculated at a rate of 13 to 14 per cent, is expected to significantly s ...Read More >
The production-linked incentive (PLI) scheme incentivised the US tech giant to move its manufacturing capabilities into India. Apple has increased production in Tamil Nadu and Karnataka, leveraging the PLI scheme while remaining insulated from potential tariff escalations. India's smartphone exports have crossed Rs 1 lakh crore in value in the first five months of FY26, setting a new record, according to industry estimates. Even amid tariff and trade disputes with the US, India's smartphone ex ...Read More >
NEW DELHI: Govt has reopened the application window for the PLI scheme for white goods (ACs and LED lights) for 30 days, a statement released on Sunday said. The window will remain open from Sept 15 to Oct 14."The application window is being reopened based on the appetite of the industry to invest more under the scheme," the commerce and industry ministry said. Applicants will only be eligible for incentives for the remainder of the scheme's tenure. The scheme is to be implemented over FY22 to F ...Read More >
New Delhi: The government has reopened the application window for the production linked incentive (PLI) scheme for white goods (air conditioners and LED lights) for 30 days, the commerce and industry ministry said on Sunday. The window will remain open from September 15 to October 14. "The application window for the PLI scheme for white goods is being reopened based on the appetite of the industry to invest more under the scheme," the ministry said, adding that no application will be accepted ...Read More >
NEW DELHI: The government has reopened the application window for the Production Linked Incentive (PLI) Scheme for white goods, covering air conditioners and LED lights, to attract additional investments into the sector. The 30-day window will remain open from September 15 to October 14, the Department for Promotion of Industry and Internal Trade (DPIIT) said in a statement on Thursday. "The application window for the PLI Scheme for White Goods (ACs and LED Lights) is being reopened based on t ...Read More >
New Delhi [India], September 13 (ANI): The Agro Chem Federation of India (ACFI) has urged the government to introduce a PLI scheme and tax holidays to reduce import dependence for technical ingredients and to set up agrochemical manufacturing hubs to boost domestic production. ACFI and global consultancy firm Deloitte have released a knowledge paper during their Annual General Meeting earlier this week, highlighting the various aspects of the crop protection chemicals industry, the regulatory l ...Read More >
New Delhi [India], September 13 (ANI): The Agro Chem Federation of India (ACFI) has urged the government to introduce a PLI scheme and tax holidays to reduce import dependence for technical ingredients and to set up agrochemical manufacturing hubs to boost domestic production. ACFI and global consultancy firm Deloitte have released a knowledge paper during their Annual General Meeting earlier this week, highlighting the various aspects of the crop protection chemicals industry, the regulatory l ...Read More >
Lucknow, September 3: Uttar Pradesh Chief Minister Yogi Adityanath's government has launched an extensive campaign to position the state as a global investment hub. With a strong emphasis on attracting foreign capital, the state is implementing the China+1 strategy, engaging with over 200 international companies to date. To turn these opportunities into reality, the government is collaborating closely with Indian embassies and various global institutions. As a result, investor confidence in Utt ...Read More >
Goyal issued a direct call to action, urging the industry to invest heavily in domestic manufacturing and R&D to produce next-generation medical devices in India. Urging the need to set bold goals for growth, Union Minister of Commerce & Industry Piyush Goyal on Friday said that the MedTech sector is a natural candidate for Atmanirbharata and self-reliance. Speaking at the 17th CII Global MedTech Summit 2025 in New Delhi, the Minister urged the industry to use the government's Research, Develo ...Read More >
New Delhi, Aug 29 (UNI) Refining the Production-Linked Incentive (PLI) scheme for greater participation of MSMEs, rationalising import duties on critical raw materials, developing a robust raw material ecosystem, attracting multinational manufacturing and R&D hubs, utilising MedTech parks for co-innovation labs, aligning regulatory frameworks with global standards -- these are among the key recommendations of India's MedTech industry to help it emerge as a global manufacturing and innovation hub ...Read More >
Chennai, Aug 28 (SocialNews.XYZ) Tamil Nadu has once again emerged as the country's leader in industrial employment, with Chief Minister M.K. Stalin attributing the achievement to the policies of the Dravidian model government. Citing the Union government's Annual Survey of Industries 2023-24, CM Stalin said the recognition from New Delhi is itself the strongest rebuttal to critics, who have been "targeting" the state government on the industrial and economic fronts. In a post on 'X', the Chie ...Read More >
Srinagar, Aug 28: According to the August 2025 edition of EY Economy Watch, the Indian economy is projected to grow significantly, reaching $20.7 trillion by 2030 and potentially $34.2 trillion by 2038. This optimistic outlook is driven by strong economic fundamentals, favourable demographics, and ongoing structural reforms. India currently holds the position of the fourth-largest economy in the world by nominal GDP, with an estimated size of $4.19 trillion. With a median age of just 28.8 years ...Read More >
Mumbai (Maharashtra) [India], August 21: The Ministry of Textiles has reopened the portal for filing of fresh applications under the Production Linked Incentive (PLI) Scheme for Textiles, covering Man-Made Fibre (MMF) Apparels, Fabrics and Technical Textiles. The Portal for application will remain open till 31st August 2025 . Also Read | Meta Superintelligence Labs Hiring on Hold: Mark Zuckerberg's Company Temporarily Pauses Its Massive AI Talent Hiring Spree for 'Organisational Planning' and I ...Read More >
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