PLI Scheme for Automobile Industry Extended by 1 Year

03 Jan 2024 CW Team

The Indian government has decided to extend the Production-Linked Incentive (PLI) scheme for the automobile industry by an additional year. This move aims to boost domestic manufacturing, enhance employment opportunities, and fortify the country's position in the global automotive market. Introduced to incentivize production in key sectors, the PLI scheme has played a significant role in stimulating economic growth. The extension of the scheme for the automotive sector underscores the government's commitment to fostering innovation, competitiveness, and sustainability within the industry. This extension comes at a crucial juncture when the automotive sector is navigating challenges posed by the evolving global landscape. The prolonged duration of the PLI scheme provides manufacturers with a stable and supportive environment to invest in advanced technologies, research and development, and skill enhancement. Key beneficiaries of this extension include automakers, component manufacturers, and other stakeholders in the automotive ecosystem. The scheme offers financial incentives based on the incremental production of goods, encouraging companies to scale up their manufacturing capabilities and contribute to the 'Make in India' initiative.

Infrastructure Transport

17 Oct 2025

Sonowal Unveils Eight Projects at NMPA’s Golden Jubilee

Union Minister for Ports, Shipping and Waterways, Shri Sarbananda Sonowal, inaugurated the Curtain Raiser Ceremony of the Golden Jubilee Celebrations of the New Mangalore Port Authority (NMPA) at Bharat Mandapam. To commemorate the milestone, he unveiled eight major maritime infrastructure projects designed to strengthen India’s port network, enhance logistics performance, and promote sustainability. These include a modern cruise terminal, new covered storage facilities, a 150-bed multi-speciality hospital, expanded truck terminals, and improved port access infrastructure aimed at enhancing..

India To Boost US LPG Imports, Cut Middle East Reliance

India is planning to reduce imports of liquefied petroleum gas (LPG) from the Middle East as state-owned refiners prepare to ramp up purchases from the United States, according to sources familiar with the matter. The move aligns with New Delhi’s efforts to expand energy cooperation and secure a broader trade deal with Washington. State refiners have already notified their traditional LPG suppliers in Saudi Arabia, the United Arab Emirates, Kuwait and Qatar of the potential reduction in imports. Although the exact size of the supply cut was not disclosed, earlier reports suggested that Indi..

UK Sanctions Nayara Energy in Crackdown on Russian Oil

The United Kingdom has announced fresh sanctions on 90 entities, including Indian refiner Nayara Energy Limited, in its latest bid to curb Russian oil revenues and weaken President Vladimir Putin’s war funding. The sanctions, unveiled jointly by the Foreign, Commonwealth and Development Office (FCDO) and the UK Treasury, aim to disrupt networks supporting Moscow’s crude exports amid the ongoing war in Ukraine. According to the FCDO, the new restrictions are intended to “strike at the heart of Putin’s war funding” by targeting firms and assets that enable Russia’s energy trade. “..