By creating distinct incentives for manufacturing, localisation, and innovation, the mobile phone manufacturing scheme encourages businesses to invest across the entire mobile phone value chain.
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The government recently extended the deadline to submit bids for the PLI scheme to make rare earth magnets.
Discover how mid-market businesses can seize global trade opportunities in 2025. Explore a five-point action plan to navigate economic uncertainty, leverage new trade agreements and outpace larger competitors in a shifting global economy.
The numbers tell a clear story: The initiative has brought in Rs 1.46 lakh crore in investments, created jobs for over 6 lakh people and added Rs 4 lakh crore worth of exports
As India approaches the unveiling of its Budget 2024, the spotlight is firmly on the Production-Linked Incentive (PLI) schemes, which have been instrumental in revitalizing the manufacturing sector and strengthening supply chains.