production-linked incentive

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Goodbye China, Namaste India! Laptop brands shift production as PLI scheme bears fruit, Trump’s tariffs loom large – Times of India

adminApril 22, 202507 mins

The current manufacturing capacity in India could replace approximately 10-20% of total laptop imports. (AI image) India’s Rs 17,000 crore production-linked incentive programme for IT hardware is beginning to yield results as several brands previously reliant on China establish partnerships with domestic contract manufacturers for laptop production in India.These collaborations come against the backdrop of…

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Smartphone exports jump 50% on iPhone shipments – The Times of India

adminFebruary 18, 202504 mins

NEW DELHI: Led by record production of iPhones, India’s mobile phone exports surged nearly 50% in the first 10 months of this financial year with the value of shipments estimated at Rs 1.5 lakh crore during April-Jan, compared with Rs 1 lakh crore in same period last year.The surge has been primarily led by a…

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Leather exports likely to grow by over 12% to USD 5.3 bn this fiscal: CLE – ET Retail

adminDecember 23, 202404 mins

Representative Image The country’s leather and footwear exports are expected to grow by over 12 per cent to USD 5.3 billion in the current financial year on account of healthy demand in key global markets, CLE Chairman Rajendra Kumar Jalan has said. He also said several global companies, including from the US, are showing keen…

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Expect Indian apparel exporters to post 9-11 pc revenue growth in FY25: ICRA – ET Retail

adminOctober 21, 202405 mins

Representative image Indian apparel exporters are expected to register a 9-11 per cent revenue expansion in FY25 aided primarily by gradual liquidation of retail inventory in key end markets and a shift in global sourcing to India, ratings agency ICRA on Monday. The long-term prospects for Indian apparel exports are favourable, aided by enhanced product…

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Textile exports to reach USD 65 bn by FY-26 and USD 350 bn by 2030: Invest India – ET Retail

adminAugust 24, 202405 mins

Representative Image India’s textile industry is on the brink of expansion, with total textile exports projected to reach USD 65 billion by FY26, according to Invest India. Invest India posted on X, “PM Modi’s bold ‘#fibretofashion’ vision is guiding the #textileindustry to become a driving force in the global market while bringing competence & technology…

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PLI worth Rs 10,000 crore approved for textiles: Minister Giriraj Singh – ET Retail

adminJune 26, 202402 mins

Union Textiles Minister Giriraj Singh Textiles minister Giriraj Singh on Tuesday said the government has approved over Rs 10,000 crore production linked incentive (PLI) scheme for textiles and is now considering to extend it to the garments sector. He also said that the ministry is framing a roadmap to move ahead of China in the…

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Leather, footwear exporters seek PLI scheme in Budget to boost jobs, manufacturing, shipments – ET Retail

adminJune 25, 202403 mins

Leather and footwear exporters body CLE on Tuesday sought an extension of the Production-linked Incentive (PLI) scheme for the sector with a view to boost job creation, domestic manufacturing and shipments. In a pre-budget meeting with Finance Minister Nirmala Sitharaman, Council for Leather Exports Chairman Rajendra Kumar Jalan also urged the government to provide import…

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New success story after smartphone exports! Telecom equipment production crosses Rs 45,000 crore milestone – Times of India

adminMay 2, 202406 mins

Telecom equipment manufacturing and exports are becoming a new success story following the success of smartphone exports. In the financial year 2024, the telecom equipment production exceeded the milestone of Rs 45,000 crore with exports totaling approximately Rs 10,500 crore, supported by the production linked incentive (PLI) scheme of the Centre. According to government data…

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5 lakh ‘Apployments’: Apple ecosystem to create huge number of jobs in 3 years; iPhone maker may move half its supply chain from China to India – Times of India

adminApril 11, 202404 mins

Apple to create lakhs of jobs in India! Apple plans to shift a significant portion of its supply chain from China to India, aiming to boost local employment by three-fold to around 500,000 in the next three years. The tech giant is focusing on increasing the value addition from its Indian suppliers, following a similar…

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Big PLI impact! Local production of electronics parts gets a boost; imports of completely boxed smartphones decline 40% – Times of India

adminApril 9, 202404 mins

India’s local manufacturing of electronics is expanding every year, with a significant decrease in imports of key components such as mechanics, vibrator motors, charger adapters, and plastic parts. According to commerce ministry data, imports of fully assembled electronics like smartphones dropped by 40% in the period from April to January FY 2023-24.The growth in local…