Semiconductor Manufacturing In India
News –
- The Ministry of Electronics and Information Technology (MeitY) has approved a comprehensive Program for the Development of Semiconductors and Display Manufacturing Ecosystems in the country.
Initiatives taken by the government
India semiconductor Mission –
- A specialised and dedicated “India Semiconductor Mission (ISM)” has been set up within Digital India Corporation to drive India’s strategies for developing semiconductors and display ecosystem.
- The scheme has been aimed at making India a global electronics
- It will help to organize efforts for promoting semiconductors and display industry in a more structured, focused, and comprehensive manner
Design Linked Incentive (DLI) Scheme.
- Initiative of the Ministry of Electronics and Information (MeitY) .
- Under this, financial incentives and design infrastructure support will be extended to domestic companies, startups and MSMEs across various stages of development
Fact and Figures
- India ranks 2nd in the world in production of MMF and 6th largest producer of Technical Textile
- Textile sector contributes 2.3% to the GDP of the
- 100% FDI (automatic route) in the textile and apparel sector in India.
PLI Scheme for Textile
- The scheme is for both Man Made fibre and Technical Textile
- Tenure of the scheme is from 2025-26 to 2029-30
- Incentive structure will depend on the investment done in Plant, Machinery and Civil Works.
- Only manufacturing company registered in India will be eligible to participate under the scheme
- Any person/ includes firm / company willing to invest minimum ₹300 Crore will be eligible to get 15% incentive when they achieve a minimum of ₹600 Crore turnover
- Any person/ includes firm / company willing to invest minimum ₹100 Crore will be eligible to get 11% incentive when they achieve a minimum of ₹200 Crore turnover
PM MEGA INTEGRATED TEXTILES REGION AND APPAREL PARK (MITRA)
- The aim is to provide world class infrastructure facility for the entire value-chain of the textile industry
- Main aim is to provide technical, financial and business support to micro food processing units in the
PLI scheme for Food Processing Industry
- It is a central sector scheme with an outlay of 10900 crore.
- The scheme period is from 2021-22 to 2026-27.
PLI scheme for Food Processing Industry
- The first component relates to incentivising manufacturing of four major food product segments Ready to Cook/ Ready to Eat (RTC/ RTE) foods including Millets based products, Processed Fruits & Vegetables, Marine Products, Mozzarella Cheese
- The second component relates to support for branding and marketing abroad
Maharatna status to Power Finance Corporation
News –
- of India accorded ‘Maharatna’ status to the state-owned Power Finance Corporation Ltd (PFC), thus giving PFC greater operational and financial autonomy
Criteria for getting Maharatna Status
- Having Navratna status
- Listed on Indian stock exchange with minimum prescribed public shareholding under SEBI regulations
- An average annual turnover of more than Rs. 25,000 crore during the last 3 years
- An average annual net worth of more than Rs. 15,000 crore during the last 3 years
- An average annual net profit after tax of more than Rs. 5,000 crore during the last 3 years
- Should have significant global presence/international operations.
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