Stocks to watch: Aarti Drugs, Adani Ports, PVR, IndiGrid, Just Dial
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Stocks to track in trade for March 8, 2021: India Grid Trust, Adani Ports, Maruti Suzuki, Indian Bank, BEML
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Express News Service
BENGALURU : India currently imports toys worth over $600 million from China, with injection-moulded plastic and electronics constituting the majority of imports. The Indian government, however, is now pushing strongly to reduce dependence on the northern neighbour, with Prime Minister Narendra Modi urging Indian toy makers last month to up their game.
Aravind Melligeri, Chairman and CEO of Aequs which is setting up a 400-acre toy cluster with an estimated investment of Rs 1,500 crore in Koppal, Karnataka told this publication that the central government needs to include the toy industry under the Production Linked Incentive scheme to help more global brands partner with local manufacturers.
Aarti Speciality Chemicals Limited receives an approval accorded under PLI Scheme for Pharmaceutical Sector
Posted On: 2021-03-06 04:25:29 (Time Zone: Arizona, USA)
Aarti Speciality Chemicals Limited (ASCL), a wholly-owned subsidiary of Aarti Drugs Limited (Aarti Drugs), stands out to be one of the beneficiaries of the Government of India s recently approved Production Linked Incentive (PLI) for the Pharmaceutical Sector.
Government of India s Department of Pharmaceuticals under the Ministry of Chemicals and Fertilizers recently launched a Production Linked Incentive (PLI) Scheme to promote domestic manufacturing by incentivising pharmaceutical manufacturers to set-up greenfield projects in India with a minimum domestic value addition in four different target segments (Two in Fermentation based - at least 90% and Two in the Chemical Synthesis based - at least 70%) with a total outlay of Rs. 6,940 crores. The objective of the scheme is achieving self-reliance and reducing im