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Manufacturing/Make in India

India finalises norms of Rs 12,000 crore (€1.4 billion) PLI scheme for telecom manufacturing: Report

The Indian government has finalized PLI norms for the telecom and network equipment manufacturing. The cabinet had recently approved the broader PLI scheme worth Rs 12,200 crore (€1.4 billion) to boost local manufacturing of telecom gear for both the domestic market and exports. The scheme will cover core transmission equipment, 4G/5G and next-generation radio access network and wireless equipment, access, and customer premise equipment (CPE), Internet of Things (IoT) access devices, and enterprise equipment such as switches and router.

TAGS #PLI

PLI scheme to boost India's manufacturing output by $520 bn in 5 years

Prime Minister said production linked incentive 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. In this year's Budget, about Rs 2 lakh crore was earmarked for the PLI scheme for the next five years and "there is an expectation that the scheme would result in increasing the production by about USD 520 billion in the next five years".  There is also an expectation that the current workforce in the sectors, which will avail the benefits of the PLI scheme, will be doubled and job creation will also increase.

India must develop technology to indigenously manufacture electronic materials: MoS

MoS for Education, Communications, Electronics and IT, said that materials are the backbone of the manufacturing sector in the country and that India’s electronics manufacturing has grown from Rs 1.90 lakh crore (€ 22.3 billion) International Energy Agency akh crore to Rs 5.33 lakh crore (€62.7 billion) in recent years. From contributing approximately 1.3% in 2012, the share of mobile phone manufacturing has increased to 3.6 per cent during 2019 - 2020. This growth has opened employability for thousands,".

TAGS #IT

Auto component manufacturers to increase localisation to 100%

Union Minister asked automobile manufacturers to hike localisation of components to 100% or else the government will think of increasing basic customs duty on imported items, but the auto industry wants support for localisation of electronic parts, specially semiconductors. Speaking at an event organised by the Automotive Components Manufacturers Association of India (ACMA), Minister of Road Transport and Highways, said the present level of localisation of parts in the Indian auto sector is around 70% and "at any cost we need to stop imports of auto components".

TAGS #ACMA