Centre Approves PLI Scheme For Auto Industry | Catch News

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Centre Approves PLI Scheme For Auto Industry | Catch News


The central government has approved Production Linked Incentive (PLI) Scheme for auto industry on September 15. “The government has approved Production Linked Incentive (PLI) scheme for auto industry, auto-component industry, drone industry to enhance India's manufacturing capabilities.


#ProductionLinkedIncentiveScheme #AnuragThakur #catchnews #CatchNewsToday #AutoIndustry #Government

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Centre Approves PLI Scheme For Auto Industry | Catch News.

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    Centre Approves PLI Scheme For Auto Industry | Catch News

    Centre Approves PLI Scheme For Auto Industry | Catch News


    The central government has approved Production Linked Incentive (PLI) Scheme for auto industry on September 15. “The government has approved Production Linked Incentive (PLI) scheme for auto industry, auto-component industry, drone industry to enhance India's manufacturing capabilities.


    #ProductionLinkedIncentiveScheme #AnuragThakur #catchnews #CatchNewsToday #AutoIndustry #Government

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    Catch is a contemporary new digital platform about the ideas and events shaping the world. It aims to filter and provide news-on-the-run for an impatient new generation. It offers greater insight for influencers and the deeper consumer of news. When opinions are shrill and polarized, we hope to create a middle ground and build bridges. When there is a set thinking, we hope to stand apart and go against the wind. The world is complex, exciting, layered, evolving, always interesting. We hope to be the same.

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    Centre Approves PLI Scheme For Auto Industry | Catch News

    News video | 297 views

  • Watch Cabinet approves solar and white goods PLI scheme worth Rs 6,238 crore Video
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    The government on Wednesday approved a production-linked incentive scheme for air-conditioner and LED light sectors with an outlay of Rs 6,238 crore. The proposal was approved in a Union Cabinet meeting, which was chaired by Prime Minister Narendra Modi.

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    Cabinet approves solar and white goods PLI scheme worth Rs 6,238 crore

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  • Watch PLI Scheme Going To Be Huge Boost For ‘Make In India’: DPIIT Secretary | Catch News Video
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    Department for Promotion of Industry and Internal Trade (DPIIT) Secretary Anurag Jain on November 26 said that response to the Production-Linked Incentive (PLI) scheme for White Goods has been great and termed the scheme as a boost for the ‘Make in India’ initiative of the Centre.

    #AnuragJain #DPIITSecretary #catchnews #CatchNewsToday
    #MakeInIndia #ProductionLinkedIncentiveScheme

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    Production Linked Incentive Scheme (PLI) was launched by the Government to boost manufacturing in India. We continue to see gaming PCs and monitor sales at all-time highs and Chrome-based devices are expanding beyond education into the consumer market. In retrospect, the pandemic not only fueled PC market demand but also created opportunities that resulted in a market expansion. The government of India had introduced the PLI scheme offering incentives to companies manufacturing in 10 key sectors in the country. It has aimed at making manufacturers globally competitive and attract investment in the areas of core competency. The scheme is targeted at making the country an integral part of the global supply chain. Production linked incentive scheme is likely to boost the manufacturing output in 5-Years.

    PM Modi said the government is continuously carrying out reforms to boost domestic manufacturing. In this year's Budget, about ₹ 2 lakh crore was earmarked for the PLI scheme for the next five years and 'there is an expectation that the scheme would result in increasing the production by about 520 billion dollars in the next five years . This is one of the best ways to encourage local companies to make their presence felt in telecom manufacturing. Telecommunications sector has played a pivotal role in facilitating growth of the economy and is a key enabler of digital connectivity and Digital India. Soon after the announcement of the PLI scheme for electronics manufacturing, the Centre cleared the names of 16 companies. Over the next five years, these Indian entities have proposed a production output of Rs1.25 lakh crore.

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    Today aluminum is the most used metal in the world after iron. Bauxite is the only ore of aluminium. Bauxite deposits of Orissa are of diverse parentage. Bauxite is the ore from which aluminium is produced. Aluminium is a critical for all the key sectors it’ll help in achieving ambitious growth plan of India, with the vision of a $5 trillion economy. The government has been announcing Production Linked Incentives (PLI) across sectors. Many sectors need aluminium as a raw material which will continue to be sourced through imports rather than local production unless these anomalies are urgently fixed. As India on the world map as a global aluminium hub, despite possessing one of the world’s largest deposits, the possible key to fast-track India’s development is being ignored as bauxite mining is yet to be prioritised.

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