The government had fixed the target based on commitments made by the players at 35-40 per cent by the time the scheme ends in 2026-27. According to industry estimates, value addition by the eligible players currently ranges from 15 per cent to 20 per cent.
Though it is not linked to the incentives, the government has been monitoring the numbers. A top official in Meity said: "There is no change in value addition expectations of the government." The response comes at a time when many participants in the PLI scheme want the initial commitment made on value addition relaxed.
Denne historien er fra September 21, 2024-utgaven av Business Standard.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent ? Logg på
Denne historien er fra September 21, 2024-utgaven av Business Standard.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
Venezuelan crude flows to state refiners via 3rd parties
STAGING A COMEBACK Oil imports from Venezuela (In $ mn)
Vi rings in $3.6 bn gear deal with global vendors
Mega pact comes a day ahead of telco's meet with investors, analysts
iPhone 16 series made in India, but still costlier: Blame 18% GST
Differential with US, UAE, Thailand significant despite lower launch MRPs
Bajaj now third most valued finance group
With combined mcap of ₹10.36 trn, it goes past SBI group
We are now an independent company, says Aakash CEO
With Byju's facing insolvency, AESL chalks out '2.0' strategy
No EV unit planned beyond Chakan: M&M
UV maker Mahindra & Mahindra (M&M), which enjoys a 21.6 per cent revenue market share in the segment, is progressing with its upcoming electric vehicle (EV) and EV battery manufacturing plant in Chakan.
InGovern raises concern over delay in Religare AGM
Proxy advisory firm InGovern on Sunday expressed concern over governance in Religare Enterprises amid a delay in its annual general meeting (AGM) without a valid reason, and called for a comprehensive probe by the Securities and Exchange Board of India (Sebi) into the postponement.
Tupperware boxed in by stiff competition in India
Tupperware, the iconic maker of colourful, stackable plastic containers, last week filed for bankruptcy in a US court – a move that lifted the lid on its financial problems.
Need to balance privacy and AI innovation: ITIC
Global tech body Information Technology Industry Council (ITIC) has urged the Indian government to strike a balance between individual privacy and innovation in the country's upcoming rules under the Digital Personal Data Protection (DPDP) Act.
Fully compliant: DreamFolks amid airport lounge issues
DreamFolks, a lounge access provider, clarified on Sunday that all its \"contractual agreements remain in full force\" amid disruptions experienced by passengers accessing airport lounges.
