Domestic component manufacturers petition govt for favourable norms in mega incentive scheme
They have argued that since the threshold for investment has been kept at Rs 100 crore, which is the same for local as well as foreign companies, it may be difficult for Indian component manufacturers to commit investments of this magnitude.
Received proposals worth Rs 12 lakh crore under PLI scheme: Ravi Shankar Prasad
"...All the top mobile manufacturers and their contract manuf...
Electronic manufacturers ask government to relax rule on production volume for incentives
Companies including mobile manufacturers have argue...
Smartphones, components worth Rs 11.5 lakh crores to be produced in India in next 5 years: RS Prasad
Mobile phones and components worth Rs 11.5 lakh crores will be produced in India in the next five years under the Production-Linked Incentiv...
Apple vendors, Samsung, others propose Rs 11 lakh crore mobile phone production under PLI scheme
The proposals submitted by the companies to the Ministry of Electronics and IT to avail benefits of the Production Link Incentives (PLI) are expected to create 12 lakh employment opportunities -- 3 lakh direct and around 9 lakh indirect jobs, a source told PTI.
Haryana's draft industrial policy aims to attract Rs 1 lakh cr investment, generate 5 lakh jobs
According to the draft 'Haryana Enterprises and Employment Policy, 2020', the state is planning to establish Haryana as a competitive and favoured investment destination, achieve regional development, export diversification and provide livelihood opportunities to its people through resilient economic development.
Network vendors urge DoT for production-linked incentive policy
The suggestions were made at a top-level meeting of the Department of Telecommunications (DoT) Wednesday that was attended by senior executives representing local and global network vendors and mobile carriers.
Government extends validity of scrips under export incentives schemes for exporters
Depending on the nature of services and product, the government gives duty credit scrips or certificates to exporters. These scrips can be transferred or used for payment of a number of duties including the basic customs duty.
Karnataka govt announces incentives of Rs 5,000 for COVID-19 recovered plasma donors
Please come forward voluntarily and help the patients recover by way of donating plasma," Sudhakar said during the daily briefing on the COVID-19 situation. To a question on plasma therapy tried in Karnataka, Sudhakar said five patients were subjected to the therapy of which three recovered.
Bourse for non-profits needs tax incentives: Ishaat Hussain Panel
The regulator had formed the 15-member panel last September following a budget proposal.
With an eye on China, Government mulls duty hike on textiles, cameras, laptops
The issue is now before the finance ministry, which had earlier spurned the proposal from the commerce and industry ministry, sources told TOI. A senior officer said that the revenue department is expected to move ahead by notifying some tariff hikes.
India to promote manufacturing of some products to boost market share
In the last few months, the government has announced production-linked incentives for manufacturing of electronics, medical devices and pharmaceutical products while putting restrictions on imports of Chinese products.
Andhra Pradesh unveils new Industrial Policy, identifies 10 thrust areas to propel economic growth
The government has identified industrial zoning as a key focus area to ensure planned industrial development and provide a risk-free, investment-friendly environment for setting up and operating industries in the state with minimal impact on the environment.
Multinational vendors want consultation on manufacturing-led incentive scheme
Gear makers such as Nokia and Huawei say wider consultations are needed before finalising the policy as they have already invested millions of dollars and are hoping to put in more money and export from India.
Delay in reallocation of sugar export quota for 2019-20 worries industry, trade
The Union government under the Maximum Admisdible Export Quota (MAEQ) scheme, allocates mill wise sugar export quota. The mills who fail to use their quota within the given deadline, have to surrender it to be reallocated to the mills who fulfill their quota obligations.