The objective of the PLI scheme is to boost domestic manufacturing in the telecom and networking products by incentivising incremental investments and turnover with total outlay of ₹12,195 crore.
The scheme is effective from April 1, 2021. Investment made by successful applicants in India from April 1, 2021,onwards and up to FY 2024-25 shall be eligible, subject to qualifying incremental annual thresholds. The support under the scheme shall be provided for a period of five years, ie, from FY 2021-22 to FY 202526.
Notable companies selected under the include Flextronics, Foxconn, Jabil, Nokia, Rising Star, Dixon Technologies, VVDN Technologies, Tejas Networks, HFCL, ITI, Coral Telecom and Lekha Wireless, among others.
Continue reading your story on the app
Continue reading your story in the newspaper
26/11 Mumbai terror case: India asks Pak to expedite trial
INDIA CANNOT FORGET the wounds of the Mumbai terror attacks, Prime Minister Narendra Modi said on Friday on the 13th anniversary of the carnage even as a senior diplomat of the Pakistani High Commission was summoned and told that Islamabad must ensure expeditious trial in the case.
Fewer New Entrants To EPFO, ESIC In Sept
NEW ENROLMENT UNDER the two prominent social security organisations - EPFO and ESIC — fell to their lowest in three months in September, latest official data released on Thursday showed.
Apple Warns Thai Activists 'State-Sponsored Attackers' May Have Targeted iPhones
Apple's message warned that "if your device is compromised by a state-sponsored attacker, they may be able to remotely access your sensitive data, communications, or even the camera and microphone"
Corporate Sector: Strong Demand, Vaccination Rate Boost Outlook: Moody's
Report says credit fundamentals are favourable for Indian companies on a sustained economic recovery
Google Ireland Agrees To Pay $245 Mn In Backdated Tax
Alphabet's Google Ireland said it would pay €218 million ($245 million) in backdated corporation tax to Irish authorities, according to the company's latest financial statement.
Royal Enfield starts Thailand assembly unit, CKD plant
ICONIC BIKE-MAKER ROYAL Enfield on Thursday announced commencement of operations of its exclusive local assembly unit and CKD (completely knocked-down) facility in Thailand.
Covid-19: People Hoarded Less Cash During Second Wave
People seem to have hoarded less cash during the more severe second Covid wave than the first one, as the growth in the currency in circulation (CIC) has started slowing down this fiscal after a spurt in FY21.
Bill to repeal controversial farm laws gets Cabinet nod
A STEP CLOSER
Musk passes Tesla sale halfway point with $9.9 bn cashed in
Free ration scheme to stay through FY22
EYE ON POLLS. Cabinet decision to cost exchequer ₹53,345 cr; move not to upset fiscal math, given savings, revenue jump
Jabil's Manufacturing Leap
How one of the biggest companies you’ve never heard of may create the future of manufacturing.
TECH SHOWS THE WAY TO SMES' REVIVAL
As the Coronavirus continues to exist and move freely across nations, the Indian economy had to stand back at its feet and rebuild itself. MSMEs and SMEs were badly bruised by the pandemic, and its remedy is machine intelligence, data security and cloud computing, among others.
The Filipino entrepreneurs' most significant role
This sounds cliché, but the most significant role of Filipino entrepreneurs, come hell or high water or COVID-19, has remained the same: Entrepreneurship is geared toward nation-building.
Ford India exit: Minister assures aid for MSMEs
WITH an aim to assess the impact of Ford India’s exit on MSMEs, who have been supplying auto parts for more than two decades now, a meeting was chaired by Rural Industries Minister T M Anbarasan on Wednesday.
“In An Exclusive Conversation With Mr. Shachindra Nath, Executive Chairman & Managing Director, U Gro Capital
HOW CAN BANKS ASSIST SMEs IN THESE CHALLENGING TIMES POST- COVID?
With the current pandemic affecting the global economy, financial institutions and banks have started navigating to the post-COVID- 19 strategy.
HELPING SMES ACHIEVE RECURRING GROWTH AMIDST CHALLENGING TIMES
When the pandemic hit countries worldwide, livelihood and business operations were at stake. Disruption took place at every level and businesses had to respond on multiple fronts in order to safeguard their operational viability, which came under strain from the shock that affected supply chains.
‘Govt's stimulus package for economic revival inadequate'
Parliamentary panel said that a detailed study needs to be conducted to assess actual losses suffered by MSMEs to chalk out an effective revival plan
SMALL BUSINESS, BIG STRESS
Government relief measures for MSMEs have benefited only a few players. A large number may be unable to survive the pandemic