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 […]
PLI Scheme for Integrated Solar Manufacturing – EQ Mag Pro
EQ International hosted a webinar to discuss IREDA PLI Scheme for Integrated Solar Manufacturing in India on November 15, 2021. The panellists discussed the kind of opportunities and challenges it brings for the entire solar industry. The PLI Scheme is advancing well, and the bidding results for the IREDA tender were announced recently. The government […]
Pre-bid conference for prospective bidders for Rs18,100 cr Advanced Chemistry Cell PLI Scheme receives great response – EQ Mag Pro
ACCs are the new generation advanced storage technologies that can store electric energy either as electrochemical or as chemical energy and convert it back to electric energy as and when required. The pre-bid conference organised by the Ministry of Heavy Industries (MHI) for prospective bidders for the Advanced Chemistry Cell (ACC) PLI Scheme has received […]
PLI funding for solar manufacturing to be raised to Rs 24,000 cr: Minister – EQ Mag Pro
The government will soon enhance the funding under PLI scheme for the domestic solar cells and module manufacturing to Rs 24,000 crore The government will soon enhance the funding under the production linked incentive (PLI) scheme for the domestic solar cells and module manufacturing to Rs 24,000 crore from the existing Rs 4,500 crore to […]
Breaking News : Bids Put in IREDA PLI Scheme for Integrated Solar Manufacturing in India
Breaking News : Bids Put in IREDA PLI Scheme for Integrated Solar Manufacturing in India
VE Commercial Vehicles plans to tap auto PLI via electric vehicle route – EQ Mag Pro
Last week, the government had cleared the PLI scheme for the auto industry with an outlay of Rs 25,938 crore, slashed from the initial outlay of Rs 57,042 crore. VE Commercial Vehicles Ltd, a joint venture between Volvo Group and Eicher Motors, will be keen to take advantage of the productivity linked incentive (PLI) for […]
Cabinet clears Rs 25,938 crore PLI scheme: Boost to EVs, hydrogen fuel cell vehicle manufacturing – EQ Mag Pro
Auto companies that invest Rs 2,000 crore for four-wheelers and Rs 1,000 crore for two-wheelers over five years will be eligible for the new PLI scheme. The government has cleared Rs 25,938 crore worth new production-linked incentive (PLI) scheme for the auto sector. This is done primarily to boost the production of electric vehicles and […]
PLI scheme for auto sector to help attract Tesla to set up manufacturing base in India: Pandey – EQ Mag Pro
New Delhi: Heavy Industries Minister Mahendra Nath Pandey on Thursday expressed hope that the production linked incentive (PLI) scheme for the auto sector will help to attract US electric car major Tesla to set up a manufacturing base in India. The Union Cabinet on September 15 approved a 25,938-crore PLI scheme for the auto sector […]
Green hydrogen: PLI scheme for electrolyser manufacturing on the cards, says Union power minister RK Singh – EQ Mag Pro
As FE reported earlier, the government intends to put green hydrogen consumption obligations on fertiliser producers and petroleum refiners to create a hydrogen value-chain in the country and bring down the costs of hydrogen production. To expedite the uptake of green hydrogen, the government will come up with a production linked incentive (PLI) scheme for […]
CubicPV Plans $1.1 Billion Investment in Solar Wafer, Cells Manufacturing Under PLI Scheme
The company is in talks with the Indian government to participate in the performance linked incentives (PLI) scheme for solar equipment manufacturers, Frank Van Mierlo, CEO of CubicPV, told FE. Bill Gates-backed solar components manufacturer CubicPV (earlier 1366 Technologies) plans to invest $1.1 billion to set up 10 GW solar wafer and cells manufacturing capacity […]
