PLI SCHEME
India turns the tables on China: The great supply chain flip begins
India's electronics sector is transforming. For years, the country assembled products using imported parts. Now, Indian companies are exporting electronic components, even to China. This marks a significant shift from just assembly to deeper manufacturing involvement. This change is driven by government policies and global manufacturers.
TCS declares Nashik WFH; Wipro Q4 results
Tata Consultancy Services has moved staff to work from home amid an ongoing investigation at its Nashik office. This and more in today’s ETtech Top 5.
India's Apple component exports to China surge to record $2.5 billion under ECMS scheme
India's electronics exports to China are experiencing a significant surge. Apple's component manufacturing scheme is driving this growth. Indian vendors are now exporting parts to China, a reversal of past trends. This development is expected to boost India's overall exports to China substantially. The success highlights the impact of government initiatives on the electronics sector.
Government likely to roll out mobile PLI 2.0 with outlay of over $5 billion by May
India is set to introduce a new production-linked incentive scheme for mobile phone exports by May. This initiative will have an outlay exceeding USD 5 billion. The goal is to significantly boost the country's mobile phone exports. Discussions are ongoing with the finance ministry for final cabinet approval. This aims to double mobile phone exports from India.
Capital market stocks: Time to change strategy? 10 stocks from different parts of the ecosystem
The capital market infrastructure sector has grown into a full-fledged, publicly-traded ecosystem. Today, investors can pick from exchanges, depositories, registrar and transfer agents, commodity platforms, and at least five asset management companies. All of them listed, all of them profitable, and all of them with the same structural tailwind: The financialisation of Indian household savings. But have we reached a stage where the strategy needs a re-look?
ETMarkets Smart Talk| Nifty50 at 20x looks attractive, but markets are not out of the woods yet, says Ritesh Taksali
Despite recent corrections, the Nifty 50 appears reasonably valued at around 20x earnings, says Ritesh Taksali, though he warns markets are “not out of the woods yet.” Persistent risks from oil prices, inflation, and geopolitics are likely to keep volatility elevated in FY27.
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India set to emerge as world's 2nd largest solar market in 2026: NSEFI
India is set to become the world's second-largest solar market in 2026. The nation is rapidly adding solar capacity, reaching 150 GW. This growth is driven by government initiatives and increasing demand. Distributed solar and commercial installations are key. Energy storage is also expected to grow significantly. India is accelerating its renewable energy deployment.
No serious LPG supply shortage reported by auto component makers so far, says govt
Addressing an inter-ministerial briefing here on the recent developments in West Asia, Additional Secretary in the Ministry of Heavy Industries, Hanif Qureshi, said that regarding supply chain issues, the ministry is in constant touch with the automobile industry and is making appropriate efforts to address them.
India Pharma 2026 event: Nadda lays out road map for India to take global pharma leadership role
India Pharma Conference: India is set to become a global leader in advanced medicines like biologics and biosimilars, Union Minister J P Nadda said, underlining the need for stronger research and investment. The government is implementing initiatives like Biopharma SHAKTI and PLI schemes to boost domestic manufacturing and self-reliance, he further said.
The right mix: Annuity income, domestic focus and fresh demand. 6 power sector stocks with upside potential of up to 40%
The failure of the US and Iran to arrive at an agreement to end the Gulf war will only rattle global markets further. But even in the midst of all the uncertainty and turbulence, there have been some sectors that have displayed resilience. Focused on domestic demand with annuity-like income streams from regulated tariffs, these sectors offer stability when global risks loom. One such sector has long suffered customer payment woes despite growing demand, but now stands to benefit from a new development that will push demand higher, but with deep-pocketed clients and assured payments.
PLI 2.0 calls ring louder: India eyes 35% global mobile output; $130 billion production
India's electronics sector is set to significantly boost global mobile phone production. A new production-linked incentive scheme aims to achieve 30-35% of worldwide output by 2031. This ambitious plan targets substantial manufacturing and export growth. The initiative seeks to strengthen India's supply chain and manufacturing ecosystem.
Ola Electric shares nearly double from a record low: Is a comeback in sight?
Besides luck, certain positive updates and improving numbers suggest the rally could be backed by real progress. Momentum is building as investors react to positive moves like improved services and business developments that point to a possible turnaround. Here’s what’s driving the surge.
Govt nod to 52 applications in textile PLI
The government has approved 52 new textile applications under the PLI Scheme. These companies will invest Rs 6,708 crore. This initiative aims to boost domestic manufacturing and innovation. It will strengthen India's global textile market position. The scheme supports manmade fibre apparel, fabrics, and technical textiles. This move is set to enhance production capabilities across the sector.
Ola Electric shares surge 35% in 3 days as EV momentum accelerates
Ola Electric extended its gains in Friday's session, boosted by strong demand, new product certifications, and a major milestone as its in-house LFP battery cell becomes production-ready. With registrations jumping over 150% in March and improved operations driving conversions, investor confidence in the EV maker continues to strengthen.
Shaktikanta Das reveals how India broke a ‘Chakravyuh’ and 7 steps for businesses to navigate war storm
During a keynote speech, RBI ex-Governor Shaktikanta Das emphasised India’s remarkable ability to weather global storms. He referred to the nation's strategic tactics as a 'chakravyuh' maneuver, underscoring the significance of focused fiscal and monetary policies. The strength of India's economy is reflected in its impressive GDP growth, supported by innovations in technology, solid infrastructure, and thriving internal demand.
Centre to expand product coverage under Rs 10,683 crore textile PLI, says Giriraj Singh
The government plans to broaden the Production Linked Incentive scheme for textiles. This expansion will include man-made fibre apparel, fabrics, and technical textiles. The move aims to boost the industry, attract investment, and accelerate growth. It also supports job creation and India's global textile market position. Discussions were held with the footwear industry regarding raw material issues.
TVS Motor shares jump 3% after Goldman Sachs upgrades to Buy. Check target, upside
TVS Motor shares surged following Goldman Sachs' 'Buy' upgrade, citing strong growth prospects and superior volume visibility from new premium products. The brokerage anticipates robust sales growth outpacing industry averages, supported by margin tailwinds and a positive outlook on electric vehicle expansion. Key catalysts include upcoming product launches and PLI scheme benefits.
Ola Electric shares rally 33% in three days, market value soars by Rs 3,360 crore. What's behind the surge?
Ola Electric shares surged over 7% on Monday, capping a 33% gain in three sessions, driven by robust March sales, PLI certification for its Roadster X+ motorcycle, and improved service operations. The company achieved over 1,000 daily orders and crossed 1 million cumulative registrations, signaling a strong turnaround and renewed investor confidence in India's EV market.
From assembly to ambition: How India is building its electronics backbone
India is shifting from electronics assembly to full-scale manufacturing as the ECMS scheme boosts domestic component production. With rising investments, localisation targets, and strategic focus on critical inputs like rare earth magnets, the sector offers a long-term opportunity, though execution and capacity ramp-up over the next few years remain key risks.
Smartphone PLI surpasses targets, turns out to be right call for India
The fiscal stimulus under the production-linked incentive (PLI) scheme for smartphones is likely to be around Rs 21,000 crore for the FY21-26 period, or less than 1% of the value of production.
Press Note 3 of 2020 amendment provides for beneficial ownership definition: Govt to Parliament
New rules define beneficial ownership for countries sharing land borders with India. Investors from these nations can hold up to 10% ownership via the automatic route. FDI inflows are at a record high, showing strong returns for foreign capital. Production Linked Incentive schemes have attracted significant investment and created jobs.
PLI scheme in food processing attracts investment of over Rs 9,200 cr till Dec 31, 2025
The government announced significant progress in the food processing sector. Under the Production-Linked Incentive Scheme, 168 applicants have received approval, leading to an investment of over Rs 9,200 crore. This initiative has also boosted processing and preservation capacity.
These mid-cap stocks with ‘Strong Buy’ & ‘Buy’ recos can rally over 25%, according to analysts
With crude prices cooling down on a relative basis thanks to US President Trump’s claims about talks with Iran, there has been some recovery in the global equity markets. This includes the Indian market as well. The difference in India, however, is this: Higher crude prices bring with it the kind of disruption that will have a much broader impact as compared to other emerging markets.
Bank employees, officers demand immediate resolution of PLI impasse
The revised PLI formula sought to be imposed by the Department of Financial Services (DFS) is viewed by the workforce as an unilateral and divisive departure from the existing settlement-based PLI scheme evolved through bilateral discussions and incorporated in the bipartite settlement/joint note framework, UFBU said in a statement.
Govt to rejig PLI 2.0 sops on high GPU prices, AI server tech
The terms of the production-linked incentive (PLI) scheme for IT hardware need to be re-evaluated due to the rising cost of graphics processing units (GPUs) and the emergence of artificial intelligence (AI) servers, a senior government official said on Monday.
Handset affordability key for bridging digital divide: Jyotiraditya Scindia
Handset affordability remains the primary obstacle to global digital inclusion. India is actively addressing this through schemes like PLI. The nation has rapidly built the world's second-largest 5G network. India's 5G subscriber base is set to reach one billion by 2031. The country is also focusing on 6G development, aiming for significant patent contributions.
India solar capacity to quadruple, wind to triple over decade: Power ministry adviser
India is set for a massive renewable energy boost. Solar power capacity is expected to quadruple, and wind energy capacity to triple over the next decade. This will significantly reduce the nation's reliance on coal for electricity. Non-fossil fuel capacity will reach 786 gigawatts by 2035-36. Solar energy will form the largest part of this clean power mix.
Parliament watch: Lok Sabha clears Rs 53 lakh crore spending via guillotine; no PLI payouts for solar firms, uranium projects await clearances
Lok Sabha approved over ₹53 lakh crore for ministries' grants, including Railways and Agriculture. Meanwhile, solar manufacturers await PLI funds, with no disbursements yet despite significant capacity awards. Separately, the Uranium Corporation of India is advancing two new mining projects in Rajasthan and Chhattisgarh, currently undergoing statutory clearances to boost indigenous uranium production.
Review Indo-US trade relations, address LPG challenges amid West Asia crisis: Parl panel to govt
A Parliamentary Standing Committee has urged a review of Indo-US trade relations due to tariff impacts and a weakening rupee. It also highlighted concerns over crude oil availability, suggesting measures to address rising domestic fuel prices. The committee recommended incentivizing domestic container manufacturing and revising the WPI base year.
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