PLI Tag

Daily Market Analysis – 1st June 2021 (GDP)

India’s GDP grows 1.6% in fourth quarter, contracts 7.3% in FY 20-21 Amid the coronavirus pandemic, India’s gross domestic product (GDP) grew at 1.6% in the January-March quarter of fiscal year 2020-21, but witnessed a contraction of 7.3 per cent for the entire fiscal year. This is the first full-year contraction in the Indian economy in the last four decades since 1979-80,...

Daily Market Analysis – 13th May 2021

PLI scheme for promoting ACC battery manufacturing : Govt approves Rs. 18100Cr  in PLI scheme for manufacturing Advanced Chemistry Cell (ACC) battery with the objective of promoting Make in India initiative. The proposal aims to achieve manufacturing of 50 gigawatts of battery storage, he said, adding, these incentives will be available to those companies having higher production...

PRODUCTION LINKED INCENTIVE SCHEME – PLI

The Production linked incentive (PLI) scheme is a scheme that aims to give incentives to companies on incremental sales (base year is 19-20) from products manufactured in India. It aims to encourage local companies to set up and expand existing manufacturing units thus cutting down reliance on imports from other countries, mainly China. It will also invite foreign companies to set up...