India’s Textile Sector set to become Revitalized & Competitive
Posted: March 23, 2022 at 3:08 am | Author: Manish Marwah
The government’s aim to encourage the ‘Make in India’ scheme received yet another boost late last year when the Production Linked Incentive (PLI) Scheme was announced for the textile industry. Currently, the total contribution of India’s textile and apparel industry is less than 5 per cent of its GDP even as it provides employment to almost 100 million people, both directly and indirectly. The PLI scheme is to bring growth in production of manmade fibres and technical textiles for […]
PLI for mobile manufacturing was long overdue but is the industry ready to meet stiff targets?
Posted: November 4, 2020 at 10:25 am | Author: Manish Marwah
India’s Production Linked Incentive (PLI) Scheme is expected to bring windfall gains for the local mobile manufacturing Industry and make India a mobile manufacturing hub. The scheme is part of the National Policy on Electronics and was notified on 1 April 2020. It aims to incentivise mobile and electronics components manufacturers who meet certain sales […]