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Production-linked incentive: Steel PLI application deadline likely to be extended, again

The deadline for submission of applications under the Rs 6,322-crore production-linked incentive (PLI) scheme for speciality steel is likely to be extended by a month till May 30. Several modifications under the scheme to include sub-categories and small players have necessitated extension of the deadline, sources said. The steel ministry has already had a round …

19 firms file applications under PLI scheme for white goods in 2nd round

As many as 19 companies, including LG Electronics and Wipro, have filed applications with proposed investments of Rs 1,548 crore to avail benefits under the production linked incentive scheme for white goods in the second round, the commerce and industry ministry said on Tuesday, The government in March reopened the application window for its Rs …

Data Drive: A PLI push for capex

Of the total incentive, more than half will be spent on sectors with domestic manufacturing and export focus and the rest on import localisation. The implementation of the PLI scheme in 15 sectors—involving government incentives of Rs 1.93 trillion—will lead to a potential capex of Rs 2.5-3 trillion over the scheme period and will account …

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