Phased Manufacturing Program News Today : Breaking News, Live Updates & Top Stories | Vimarsana

To try to wean the country off its dependence on foreign phone brands, there have been attempts, albeit failed, to boost local production in the country.

The Production Linked Incentive (PLI) Scheme, launched by the Narendra Modi government in March 2020, has turned out to be a game changer in giving a big push to India's manufacturing sector, employment generation and exports.The country has ...

The Federation of Indian Chambers of Commerce and Industry (FICCI) has submitted its proposal to the Ministry of Heavy Industries for the continuation of the Faster Adoption and Manufacturing of Hybrid and Electric Vehicles (FAME) scheme.FICCI has urged the government to continue the incentives offered for the faster adoption of EVs for the next 5 years, with a review at the end of 3 years.

The Ministry of Heavy Industries (MHI) has introduced a new Phased Manufacturing Program (PMP) for electric vehicle (EV) charger components, aligning with the FAME India Scheme Phase-II to promote domestic manufacturing. In a notification dated November 7, 2023, the government has listed various charger components and specified timelines for their indigenization, signaling a shift toward domestically produced parts.

Mobile shipments in India have crossed the 2 billion mark between 2014 to 2022, giving success to the Make in India movement.