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PLI scheme likely to boost India's manufacturing output by USD 520 billion in 5 years: PM Modi

Prime Minister Narendra Modi on Friday said production linked incentive (PLI) scheme, which is aimed at boosting domestic manufacturing and exports, is expected to increase the country s production by USD 520 billion in the next five years. Addressing a webinar on PLI scheme, organised by Department ....

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Best of BS Opinion: Wasted spectrum, Business before Atmanirbhar & more

Read more about Best of BS Opinion: Wasted spectrum, Business before Atmanirbhar & more on Business Standard. Here s a selection of Business Standard opinion pieces for the day ....

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Cabinet approves over Rs 12,000-crore PLI scheme for telecom sector

Following the launch of a production-linked incentive (PLI) scheme for manufacturing, India on Wednesday launched the scheme for telecommunications (telecom) and networking products, with an outlay of Rs 12,195 crore over five years.
The Cabinet approved PLI for manufacturing telecom equipment, including core transmission equipment, 4G/5G next-generation radio access network and wireless equipment, access and customer premises equipment, Internet of Things-access devices, other wireless equipment, and enterprise equipment like switches, routers, etc.
The scheme will be operational from April 1 this year. The eligibility for the scheme will be subject to achieving a minimum threshold of cumulative investment and incremental sales of manufactured goods, said the Ministry of Communication and Information Technology in a statement. ....

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A decent Budget but big challenges remain

Read more about A decent Budget but big challenges remain on Business Standard. Budget assures double-digit growth in FY22, but does little for unemployment, inflation, foreign trade and medium-term growth ....

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Lava MyZ Is An Android Phone That You Can Completely Customize, And These Aren't Basic Upgrades Either

Indian smartphone maker Lava has just announced the new Lava Z1, Lava Z2, Lava Z4 and the Lava Z6 as part of a renewed push for market share in the very competitive and aggressive affordable Android smartphone space in the country. The fact that all devices will be priced under Rs 10,000 but the real talking point, and one that should definitely catch your attention, is the ability to customize your Lava phone. These Lava Z-series phones, once customized, become the MyZ phones. The new Lava phone line-up come at a time when there is an even greater focus on smartphone manufacturing within India as well as the push for Made in India products as part of the larger Make In India and Atmanirbhar Bharat initiatives. ....

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