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Cabinet approves PLI Scheme to 10 key Sectors for Enhancing India’s Manufacturing Capabilities & Enhancing Exports
The Union Cabinet chaired by the Prime Minister, Shri Narendra Modi has given its approval to introduce the Production-Linked Incentive (PLI) Scheme in the following 10 key sectors for Enhancing India’s Manufacturing Capabilities and Enhancing Exports – Atmanirbhar Bharat. The PLI scheme will be implemented by the concerned ministries/departments and will be within the overall financial limits prescribed.
India Patent- 2019/2020 annual report published
DPIIT India which is also responsible for formulation and implementation of IPR policies has recently published its annual report for the year 2019/2020. Chapter 5 of the annual report provides description of recent activities of the Office of the Controller General of Patents, Designs and Trademarks (CGPDTM) carried out in 2019/2020 including:
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implementation of new amendments in Patent Rules
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number of patents granted under the expedited examination procedure
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number of applications received by CGPDTM in the capacity of ISA and IPEA
Inter-Ministerial Committee for Capital Goods Sector.
The govt. has set up a 22-member inter-ministerial committee in strengthening the Capital Goods (CG) Sector through interventions that help the CG Sector in contributing more actively in the national goal of achieving a USD 5 trillion economy and a USD 1 trillion manufacturing sector. The IMC will help DHI in taking a holistic view for all the issues pertaining to the CG Sector. The Committee will look into on all such issues pertaining to the Capital Goods Sector including technology development, mother technology development, global value chains, testing, skill training, global standards, reciprocity issues, custom duties to make this sector globally competitive and to become the manufacturing hub for the world.
India Plans offers incentives for battery manufacturing
India plans to offer $4.6 billion in incentives to companies setting up advanced battery manufacturing facilities as it seeks to promote the use of electric vehicles and cut down its dependence on oil, according to a government proposal seen by Reuters. A proposal drafted by NITI Aayog, a federal think tank chaired by Prime Minister, said India could slash its oil import bills by as much as $40 billion by 2030 if electric vehicles were widely adopted.