Tag: White goods

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 steel imports from China reached a five-year high in April, with South Korea as the top exporter. But India is still a net exporter of finished steel with its consumption expected to rise by 7.5%.