Tag: PLI scheme

TeraNova DC Targets 2 GW of AI-Ready Data Centres in India by 2032

Singapore-based Hillhouse Investments has launched TeraNova DC, a dedicated data-centre platform that plans to invest $12 billion to $15 billion in India by 2032. With a target of more than 2 gigawatts (GW) of capacity, the platform is set to become one of the largest announced data-centre programmes in the country. TeraNova DC will focus on hyperscale and AI-ready infrastructure. Its proposed locations are Maharashtra,...

Tech Mahindra’s Profit Rises 23.2% as Almost Every Large Deal Now Includes AI

Tech Mahindra’s profit after tax (PAT) rose 23.2% year on year to $166 million in the second quarter of FY27. The company won $1.023 billion in new deals in the quarter, up 25.4% from a year earlier. Deal wins over the past 12 months rose 34.8% from the same period a year before. On the earnings call, CEO and Managing Director Mohit Joshi said...
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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...