Other Briefings
PLI Scheme for India’s Automotive Sector Amended and Extended by One Year
India’s PLI Scheme for the automotive sector has been extended by a year as applicants require more time to meet the eligibility provisions. The first round of incentives will be disbursed in FY 2024-25 per the government in a recent announcement, and after much delay. Only Tata Motors, Ola Electric, and Mahindra & Mahindra have met key domestic value addition criteria.
India’s US$2 Billion Green Hydrogen Scheme Highlights Renewables Investment Focus
India received bids from 34 companies for subsidies on green hydrogen production and electrolysis manufacturing under the India Green Hydrogen Mission. The mission targets a production capacity of 5 million metric tonnes by 2030, a reduction of over INR 1 trillion in fossil fuel imports, and a decrease of nearly 50 MMT in annual greenhouse gas emissions.
India’s Food Processing Industry Sees Over INR 70 Billion in Investments Under PLI Scheme
Foreign investment prospects in India’s food processing industry is propelled by increased consumer demand, incentive schemes, and modernizing industrial infrastructure.
Dell, HP, Foxconn, Lenovo Among 27 Beneficiaries Under India’s PLI 2.0 Scheme for IT Hardware
India has announced that 27 companies, including Dell, HP, Foxconn, and Lenovo, have been approved for PLI 2.0 Scheme incentives. Of these, 23 companies are ready to start local production.
Micro, Small, and Medium Enterprises in India: An Explainer
As the backbone of India’s economy, the MSME sector is poised for rapid growth. We discuss incentives and opportunities for the sector.
The Foreign Investment Outlook of India’s Pharmaceuticals Industry
India’s pharmaceutical industry is a global leader in affordable generics and vaccines with favorable investment policies in place. The government is incentivizing building up local KSM/DI/API production and sourcing capabilities to decrease import dependencies.
Manufacturing Consumer Durables in India: Changes to the White Goods PLI Scheme
India has made changes to the White Goods PLI Scheme. Now selected companies must provide a certification from a registered cost accountant pertaining to related party sales and the calculation of the arm’s length price.
Airbnb’s Contribution to India’s GDP Highlights New Trends in Travel and Hospitality Industry
We discuss how Airbnb’s influence on India’s GDP highlights fresh prospects in the travel and hospitality industry, driven by the shift towards local, unconventional experiences, technology-driven convenience, and a focus on sustainability and community engagement.
