Bonjour, new guests from small-town India
Puneet Dhawan of Accor is brimming with ideas on ways to revive the hospitality sector
Guruprasad Mohapatra, Secretary, Department for Promotion of Industry and Internal Trade (file photo) - THE HINDU
Implementation of production linked incentive (PLI) schemes worth up to ₹1.45 lakh crore for 10 key sectors announced recently by the government is likely soon. All Ministries and Departments concerned are working towards preparing the expenditure finance committee (EFC) note within the stipulated time lines so that Cabinet approval can be sought early, Guruprasad Mohapatra, Secretary, Department for Promotion of Industry and Internal Trade (DPIIT), has said.
Qualifying criteria crucial for the ten new sectors under the PLI scheme to succeed
“DPIIT is regularly interacting with all concerned ministries/departments to review the time lines for implementation of their respective PLI schemes. Feedback received indicates that the EFC Notes for all the schemes will be prepared within stipulated time lines and Cabinet approval will be sought very soon. Thereafter, schemes will be notified and implemented within three-four months,” Mohapatra said in an interview with BusinessLine.
PLI scheme to cover 10 more sectors, to get ₹1.46-lakh crore over five years
The PLI scheme, aimed at boosting domestic manufacturing and exports in line with the country’s Atmanirbhar Bharat policy, was recently announced for ten sectors — automobiles and auto components, pharmaceuticals, specialty steel, telecom & networking, electronic & technology products, white goods (ACs and LEDs), textiles, solar PV modules, food products and ACC Battery.
Under the scheme, incentives will would be extended for manufacturing and investing in India. The final proposals of PLI for individual sectors will have to be appraised by the EFC and approved by the Cabinet.
“The PLI scheme will be implemented by the concerned Ministries/Departments and will be within the overall financial limits prescribed. The largest financial outlay has been given to the PLIs on automobile and auto components and on advanced chemistry cells,” Mohapatra pointed out.
Puneet Dhawan of Accor is brimming with ideas on ways to revive the hospitality sector
Citroen’s first vehicle sports a novel design and European interiors. It is also meant to be as comfortable as ...
The pandemic is only the tip of the iceberg that the country’s cash-poor airlines — both regional and national ...
The government is yet to specify the framework of its recently announced old vehicle scrappage policy
Here is a checklist that equips you to discern the market nuances
Sensex, Nifty 50 have witnessed sharp decline
The fund has consistently outperformed S&P BSE 100 TRI over one, three and five years
Returns are superior to immediate annuity plans, but SCSS can secure better rates for new investors sooner if ...
With the public looking beyond mainstream media for reports from the ground, independent digital platforms are ...
While Supreme Court has cleared the way for women seeking longer tenures and senior roles in the Indian Army, ...
Mughal Gardens in the Capital open to visitors — albeit with Covid-19 protocol — for the annual Udyanotsav
Salty, buttery, cheese coated or with maple syrup and bacon — popcorn is lending its adaptable self to gourmet ...
Its name is the starting point of a brand’s journey and can make a big difference in the success sweepstakes
Sober spirits are the in thing
A peek into where ad spends went last year and where they are headed tomorrow
Can Swiggy Instamart disrupt the ecommerce groceries space, currently ruled by the Amazons and Big Baskets? ...
Three years after its inception, compliance with GST procedures remains a headache for exporters, job workers ...
Corporate social responsibility (CSR) initiatives of companies are altering the prospects for wooden toys of ...
Aequs Aerospace to create space for large-scale manufacture of toys at Koppal
And it has every reason to smile. Covid-19 has triggered a consumer shift towards branded products as ...
Please Email the Editor