India's Defence Minister announces production of BrahMos missiles and drones in Uttar Pradesh, reducing dependence on foreign suppliers and boosting local manufacturing.
India's Defence Minister announces production of BrahMos missiles and drones in Uttar Pradesh, reducing dependence on foreign suppliers and boosting local manufacturing.
The Department for Promotion of Industry & Internal Trade (DPIIT) may alter India's Production-Linked Incentive (PLI) scheme if it doesn't lift. The scheme aims to boost investment and local manufacturing in 14 sectors and was expanded this year. An analysis shows low adoption in some sectors, including high-efficiency solar PV modules, ACC batteries, textile products and speciality steel. Meanwhile, electronics and mobile manufacturing are booming and have helped generate 3.25 lakh jobs and INR2.6tn in exports. The government hopes the scheme will attract further investment, including from Apple.
India's Defence Minister announces production of BrahMos missiles and drones in Uttar Pradesh, reducing dependence on foreign suppliers and boosting local manufacturing.
India's PLI scheme to boost auto component manufacturing including sunroofs and automatic brakes. Plus, 7,432 EV charging stations at petrol pumps on highways set to reduce carbon emissions.
India's Defence Minister announces production of BrahMos missiles and drones in Uttar Pradesh, reducing dependence on foreign suppliers and boosting local manufacturing.