PLI scheme - Wire & Cable India
October 8, 2024

Wire & Cable India

Tag : PLI scheme

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Indian Steel Industry Witnessing Robust Growth

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Under the PLI scheme, the Government has approved INR 6322 crores to give a new impetus to the steel sector, generating an investment of about INR 30,000 crores, additional capacity creation of about 25 million tonnes of specialty steel in the next 5 years, and double the steel production from......
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Ministry of Steel signs 57 MoUs with 27 Specialty Steel Sector Companies under PLI Scheme

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The Ministry of Steel recently signed 57 MoUs with a total of 27 specialty steel sector companies, under the government’s Production-Linked Incentive scheme. Five-year financial outlay of Rs 6322 crore was approved by the Union Cabinet in July 2021, under the Production-linked incentive (PLI) Scheme for specialty steel, to promote......
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HFCL to Invest INR 425 crore under PLI Scheme

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HFCL would invest this amount towards the development and manufacture of futuristic telecom. November 1, 2022 Domestic telecom gear maker HFCL will invest around INR 425 crore for manufacturing equipment under the production-linked incentive scheme in the next four years. The company would invest this amount towards the development and......
Special Feature

Significant Focus on Infrastructure Spending Augurs Well for the Wire & Cable Industry

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Mr. Sanjay Aggarwal, Chairman & CEO, Paramount Communications Ltd., says, “The Budget announcement for building 80 lakh houses for weaker sections shall also provide a huge fillip to the construction industry, employment, and for various industrial products including wires and cables.” The Union Budget 2022-23 presents an effective roadmap for......
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Nokia, HFCL Among 25 Companies Register Under PLI Scheme for Telecom Sector

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Around 25 telecom gear makers – including Nokia and HFCL have applied under the Rs 12,195 crore production linked incentive scheme for the sector, according to official sources. June 23, 2021 Around 25 telecom gear makers – including Nokia and HFCL have applied under the Rs 12,195 crore production linked......
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Industry Welcomes PLI Scheme for Telecom Sector

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The INR 12,195 crore PLI scheme for telecom equipment manufacturing is “a big positive” that will spur local production, generate employment, and position the country as a global hub for innovation. February 18, 2021 The Govt. of India has unveiled details of the INR 12,195-crore production-linked incentive (PLI) scheme for......
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Telecom Sector Welcomes Approval of PLI Scheme Worth INR 12195 Crore

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The production-linked incentive (PLI) scheme is expected to fuel the overall manufacturing ecosystem in India for telecom and networking gear, components as well as tech products. January 4, 2021 Mr. Sandeep Aggarwal, Managing Director-Paramount Communications Ltd., Mentor-PHD Telecom Committee, Co-Chairman-TEPC and Chairman-TEMA – National Telecom Development Advisory Group has congratulated......
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Extending Production Benefits to OFC Makers to Attract Investments: Polycab

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The Centre should extend benefits under the ambitious production-linked incentives (PLI) scheme to the homegrown optic fibre cable (OFC) makers so that investments in the sector would further grow, and India could eventually become Atmanirbhar or self reliant. December 14, 2020 As reported in a leading daily, Mr. Ashish D.......
News

OFC Makers Demand Benefits Under PLI Scheme

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Telecom Equipment Manufacturers Association too expressed the need to provide impetus to fibre-based network. November 17, 2020 Homegrown optic fibre cable (OFC) makers have sought benefits under the Centre’s prestigious production-linked incentive (PLI) scheme following India’s aggressive roadmap for next-generation technologies particularly the fifth-generation or 5G networks. As reported in......
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Growth in Electronics Production in India to Give Big Push for Demand of Wires and Cables

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In light of the enthusiastic response from the industry, the government estimated that over the next five years, it will lead to the production of mobiles and components worth Rs 11.5 lakh crore. With the growth in electronics manufacturing in the country, the surge in the demand for wires and......
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