Tag: PLI scheme
Sarvam AI Startup Programme Fuels Indic AI Builders
Sarvam AI has introduced the Sarvam Startup Programme, providing early-stage companies with up to 12 months of API credits, priority engineering support and production-ready infrastructure to build multilingual AI applications without backend complexities. Founders Vivek Raghavan and Pratyush Kumar positioned the initiative to empower India’s developer ecosystem with high-quality models fluent in 22+ Indian languages and English, enabling full agency in creating voice agents,...
Oracle Layoffs Fund AI Data Centre Push Amid Cash Squeeze
Oracle is planning thousands of job cuts across divisions as it grapples with a cash crunch from aggressive AI data centre buildout to support major clients including a $300 billion OpenAI agreement, xAI and Meta, as Bloomberg News first reported. The reductions, potentially broader than typical rolling cuts, may begin this month and target roles expected to diminish under AI automation, coinciding with an...
MNRE Reaffirms Commitment to Solar Manufacturing
India’s renewable energy transition continues to accelerate, with the Ministry of New & Renewable Energy (MNRE) reiterating its commitment to expanding domestic solar manufacturing...
Dixon Plans ₹400 Cr Display Unit with HKC
Dixon Technologies has applied for government approval to partner with Chinese firm HKC for setting up a display module manufacturing unit in Noida. The...
Textile PLI Scheme Scales Up, 24 MSMEs Onboard
The central government has begun pan-India implementation of the Production Linked Incentive (PLI) Scheme for Textiles, aimed at boosting domestic manufacturing of man-made fibre...
Pralhad Joshi: India Rising in Solar Manufacturing
India’s solar photovoltaic (PV) module manufacturing capacity is set to rise to 125 gigawatts (GW) by 2030, Union Minister for New and Renewable Energy...
Companies Commit ₹17,000 Cr Under PLI for Speciality Steel
India’s steel industry is set for a ₹17,000 crore investment boost as 25 companies signed 42 agreements with the government under the second round...
PLI Drives ₹14 Lakh Cr Production, 11.5 Lakh Jobs
India’s ambitious Production Linked Incentive (PLI) schemes are showing tangible success in building a self-reliant, manufacturing-led economy. With ₹1.61 lakh crore in investments and...
PLI Boosts Telecom Manufacturing with ₹78K Cr Sales
India’s Production Linked Incentive (PLI) scheme for telecom and networking products has delivered major results since its launch by the Department of Telecommunications (DoT)...
Electronics to Become Largest Manufacturing Sector: Govt
India’s electronics industry is on track to become the largest manufacturing sector globally, with the government setting an ambitious target of $500 billion in...
Firms Pledge ₹27,106 Cr for Specialty Steel under PLI
The Production Linked Incentive (PLI) Scheme for specialty steel has attracted investment commitments of ₹27,106 crore, the government informed Parliament on Friday. Out of...
