The government has signed a programme agreement with Reliance New Energy, Ola and Rajesh Exports under the PLI Scheme for ACC Battery Storage These companies will receive incentives under India’s Rs 18,100-crore PLI scheme The private players are expected to create battery manufacturing capacity to the tune of ~95 GWh New Delhi: The government has […]
PLI scheme to account for 13-15% CAPEX in key industrial sectors over next 3-4 years: Report – EQ Mag Pro
Since its introduction in March 2020, PLI has been announced for 15 sectors, involving government incentives to the tune of Rs 1.93 lakh crore. Production Linked Incentive (PLI) scheme will account for 13-15 per cent of the average annual investment spending in key industrial sectors over the next three-four years, according to a report by […]
PLI scheme for Auto & AutoMobile Component proposed investment of ₹74,850 crore – EQ Mag Pro
This scheme will facilitate the Automobile Industry to move up the value chain into higher value-added products. New Delhi: The Production Linked Incentive (PLI) Scheme for Automobile and Auto Component Industry in India has been successful in attracting proposed investment of Rs 74,850 crore against the target estimate of investment Rs 2,500 croreover a period […]
UNION BUDGET 2022-23: ₹19,500 CRORE ALLOCATED TP BOOST PLI SCHEME – EQ Mag Pro
During the Union Budget 2022-23 speech, Finance Minister Nirmala Sitharaman declared additional funding of ₹19,500 crores to enhance solar PV module production under the Production Linked Incentive (PLI) scheme. Intending to increase the solar capacity in the country, Finance Minister has said that ₹19,500 crores will be given under PLI for manufacturing high-efficiency modules for […]
PLI scheme to unlock India’s manufacturing capacity: Icra
NEW DELHI: The government’s ambitious production-linked incentive (PLI) scheme will look to unlock manufacturing capacity as well as support in attracting about Rs 4 lakh crore of capital expenditure over the next five years, rating agency Icra said on Thursday. With an aim to boost manufacturing, employment generation, import reduction and exports growth, the PLI […]
Battery swapping, PLI scheme will prove beneficiary, says FICCI Renewable Energy CEO – EQ Mag Pro
New Delhi : Ranjit Gupta, Chairman, FICCI Renewable Energy CEOs Council and Azure Power CEO, has said that the Union government’s decision for an additional allocation of Rs 19,500 crore under the PLI scheme for manufacturing high efficiency solar photo-voltaic modules will give a huge fillip to domestic manufacturing. This will improve the availability of […]
PLI Scheme To Aid Creation Of 45 GW Of Solar Equipment Making Capacity: RK Singh – EQ Mag Pro
It is proposed in the General Budget presented in Lok Sabha on Tuesday that the funding under the PLI scheme for domestic solar cells and module manufacturing will be increased to Rs 24,000 crore from the existing Rs 4,500 crore. Union Power Minister RK Singh on Tuesday said production linked incentive (PLI) scheme for solar […]
Union Budget 2022-23: PLI Scheme extended to solar equipment; Rs 19,500 cr allocated to boost manufacturing of solar modules – EQ Mag Pro
During the Union Budget 2022-23 speech, Finance Minister Nirmala Sitharaman declared additional funding of ₹19,500 crores to enhance solar PV module production under the Production Linked Incentive (PLI) scheme. Intending to increase the solar capacity in the country, Finance Minister has said that ₹19,500 crores will be given under PLI for manufacturing high-efficiency modules for […]
10 bids received under PLI Scheme for ACC Battery Storage – EQ Mag Pro
Industry has reposed its faith in India’s stellar progress as a world class manufacturing destination which resonates strongly with Hon’ble Prime Minister’s clarion call of Atma Nirbhar Bharat – a self-reliant India. New Delhi: A total of 10 companies submitted their bids under the Advanced Chemistry Cell (ACC) Battery Storage Programme in India for which […]
PLI SCHEME – EQ Mag Pro
Keeping in view India’s vision of becoming ‘Atmanirbhar’ and to enhance India’s Manufacturing capabilities and Exports, an outlay of INR 1.97 lakh crore (US$ 26 billion) has been announced in Union Budget 2021-22 for PLI schemes for 13 key sectors of manufacturing starting from fiscal year (FY) 2021-22. The 13 key sectors include already existing […]