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India likely to present incentives for ailing textile industry by December: Trade body – ET Retail

adminAugust 24, 202303 mins

Representative Image India’s government is likely to announce fiscal incentives for the ailing textile and apparel industry by the end of this year, partly to stave of the impact of a fall in overseas orders, a trade body said on Wednesday. The incentives could come under the production linked incentive (PLI) scheme that promises billions…

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Vande Bharat trains to get a PLI boost as Indian Railways looks to reduce import dependence, make more parts in India – Times of India

adminAugust 16, 202304 mins

Vande Bharat trains will increasingly have indigenous components, with the Modi government looking at a new PLI or Production Linked Incentive Scheme for train parts. In a bid to attract foreign manufacturing firms and lessen import reliance, the government is set to roll out a PLI scheme for train component manufacturers, an ET report said….