Bharat Express

Production Linked Incentive

India’s vision of an Atmanirbhar Bharat, or self-reliant India, calls for transforming the country into a global manufacturing powerhouse.

According to the ministry, Voltas Components has committed to invest Rs 257 crore to manufacture compressors. With a Rs 51.5-crore investment, MIRC Electronics has proposed to make AC products like motors.

Smartphone exports increased by 45% as companies like Apple and Samsung expanded production in India.

The Indian government launched the Production-Linked Incentive (PLI) 1.1 scheme for specialty steel on Monday, unveiling a revamped version designed.

The Ministry of Heavy Industries approved incentive claims totaling Rs 246 crore from M&M and Tata Motors under ambitious Rs 25,938 crore PLI scheme.

A decade after its launch, the 'Make in India' initiative has emerged as one of the most transformative economic strategies in the country’s history.

The discussion also touches upon critical policy measures that have driven growth in India’s energy sector.

The Production Linked Incentive (PLI) schemes have attracted ₹1.46 lakh crore in investments and created over 9.5 lakh jobs, Commerce and Industry Minister Piyush Goyal informed the Lok Sabha.

The surge came as part of the government’s production-linked incentive (PLI) scheme. Apple produced $10 billion worth of iPhones in the first seven months of FY25, exporting $7 billion, the highest on record.

The food processing sector in India received foreign direct investment (FDI) of $368.37 million till September 2024.