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Interim Budget 2024: Govt focuses on Make in India, PLI allocation surges for several manufacturing sectors

Allocation for the Production Linked Incentive (PLI) Scheme increased significantly for domestic manufacturing. ....

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Budget 2024: Interim Budget: Key announcements for different industries

In the Interim Budget for 2024, Finance Minister Nirmala Sitharaman presented key announcements for diverse industries, emphasizing growth and development. Highlights include continued expansion of airports and tourism projects, comprehensive support for dairy farmers, strategies for self-sufficiency in oilseeds, and a new scheme for deep-tech technology in the defence sector. ....

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Commerce ministry recommends Rs 3,489 crore for PLI scheme for toys; Rs 2,600 crore for footwear

As these two schemes are yet to be cleared by the Union Cabinet, the interim Budget has made a token provision of Rs 1 lakh towards these schemes for 2024-25. ....

Leather Development Programme , Union Cabinet , Production Linked Incentive , Indian Footwear , Pli Scheme , Commerce Ministry , Leather Sector , Budget Papers ,

PLI scheme for air-conditioners a game changer for industry: Panasonic Life Solutions, ET Retail

Panasonic Life Solutions: The PLI Scheme for the air-conditioner industry has been a game changer, increasing domestic value addition from 25% to 45% within a year and a half of its launch. The objective is to reach 75% value addition by FY28. Investments in components like heat exchangers and compressors have begun under the scheme. The government selected 42 companies for the PLI Scheme, with 26 investing in air-conditioner components and 16 investing in LED components. ....

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Govt mulls tweaking PLI schemes in textiles, food processing, pharma: Official, ET Retail

Pli: The scheme was announced in 2021 for 14 sectors, including telecommunication, white goods, textiles, manufacturing of medical devices, automobiles, speciality steel, food products, high-efficiency solar PV modules, advanced chemistry cell battery, drones and pharma with an outlay of Rs 1.97 lakh crore. ....

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