Nokia, Ericsson, Samsung, Ciena, Foxconn keen to set up manufacturing base in India under PLI
Indian manufacturers like VVDN Technologies (Gurugram), Dixon (Noida), HFCL, Coral Telecom and Sterlite have also shown interest in the Rs 12,195 crores scheme, that was notified in February, 2021.PTI | Apr 8, 2021, 09:53AM IST
New Delhi: The government on Wednesday said firms such as Ericsson and Nokia are keen to expand their operations in India, and global companies like Samsung, Cisco, Ciena and Foxconn have shown interest to set up manufacturing base in the country for telecom and networking products for domestic and export markets. Most of the global industry leaders are keen to expand or set up manufacturing base in India and are positive about the kind of incentives proposed under the Production-Linked Incentive (PLI) scheme, said an official release outlining the status of the ambitious scheme for telecom and networking products that seeks to position India as a global hub
Now, PLI scheme for ACs, LEDs and solar cells
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Last Updated: Apr 08, 2021, 06:30 AM IST
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Synopsis
Goyal said the ministry of new and renewable energy will soon issue detailed operational guidelines, specifying selection criteria of companies, rates of incentive available under the scheme etc.
The Union Cabinet on Wednesday approved a Rs 6,238-crore Production-linked Incentive (PLI) scheme for white goods specifically air conditioners and LED lights and a Rs 4,500-crore incentive package for high efficiency solar photovoltaic (PV) modules.
The PLI scheme for white goods will lead to incremental investment of Rs 7,920 crore, earn direct and indirect revenues of Rs 49,300 crore and create 400,000 direct and indirect employment opportunities, the government said.
Updated Apr 08, 2021 | 13:41 IST
Borosil Renewables, in an interview to ET NOW hailed the scheme and said it would impact the industry in a positive manner. Representational picture | Image courtesy: LinkedIn
Key Highlights
Govt. to give output-linked incentive for solar PV modules
The Ministry of New and Renewable Energy s proposal for the implementation of PLI (Production Linked Incentive) Scheme National Programme on High-Efficiency Solar PV (Photovoltaic) Modules was approved by the Union Cabinet on Wednesday (7 April). The scheme has an outlay of around Rs 4,500 crore, with which the scheme aims to achieve manufacturing capacity of Giga Watt (GW) scale in high-efficiency solar PV modules. This scheme is estimated to create an additional 10,000 MW capacity of integrated solar PV manufacturing plants with an investment of around Rs.17,200 crore.
By siliconindia | Thursday, 08 April 2021, 03:49 Hrs The Centre on Wednesday approved a proposal for implementation of Production Linked Incentive (PLI) scheme National Programme on High Efficiency Solar PV (Photovoltaic) Modules for achieving manufacturing capacity of gigawatt (GW) scale in high efficiency solar PV modules. The approval was given by the Union Cabinet which met here under chairmanship of Prime Minister Narendra Modi. The new PLI scheme has been approved based on a proposal from the Ministry of New and Renewable Energy, and launched with an outlay of Rs 4,500 crore. Solar capacity addition presently depends upon imported solar PV cells and modules as the domestic manufacturing industry has limited operational capacities of solar PV cells and modules.
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