PLI scheme focuses on incentivising firms to grow fast, boosting India’s manufacturing & export prospects. But in the long run, sectors need to die and be born.
Fitness tech firm GOQii plans to move manufacturing of its wearables out of China, at a time when Apple & other brands are seeking to make more in India.
The incentives, spread over 5 years, will be provided to sectors like auto, automobile components, textile products, white goods like LED screens, processed food products, among others.
Manufacturers indicated that the ongoing relaxation of Covid-19 restrictions, better market conditions and improved demand helped them to secure new work in October.
The Ministry of Statistics and Programme Implementation attributed the decline to a large number of industrial units not operating from the end of March due to the lockdown.
PM’s Economic Advisory Council member V. Anantha Nageswaran says whittling away unwanted rules and regulations will be a step towards fixing the problem.
Index of Industrial Production figures for May are an improvement over the 58% contraction in April, the first full month of the nationwide Covid-19 lockdown.
Evidence suggests a massive shift back to Europe is unlikely because of the ever-growing importance of China. Moving supply chains closer to home might come at a cost.
With his cameo in Bads of Bollywood, Emraan Hashmi, who has long shifted away from his signature bold image, got the chance to revive his boyhood charm.
SEBI probe concluded that purported loans and fund transfers were paid back in full and did not amount to deceptive market practices or unreported related party transactions.
There were no plans to have Mk1A version. However, compromise was reached between HAL & IAF in 2015 since original plan for getting Mk2 would've been time-consuming affair.
Many really smart people now share the position that playing cricket with Pakistan is politically, strategically and morally wrong. It is just a poor appreciation of competitive sport.
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