USIBC Pushes for PLI Scheme for Media in Upcoming Budget

22 Jul 2024 CW Team

The U.S. India Business Council (USIBC) has recommended the introduction of a Production Linked Incentive (PLI) scheme for the media and entertainment industry in the upcoming Union Budget. This recommendation aims to stimulate growth and create job opportunities within the sector.

According to the USIBC, the media and entertainment industry holds significant potential for economic expansion and job creation. The PLI scheme, similar to those implemented in other sectors, is proposed to incentivize investments and enhance competitiveness. The USIBC believes that such a scheme would attract global players, encourage domestic production, and support the industry?s infrastructure development.

The council's recommendation aligns with broader efforts to promote India as a global hub for media and entertainment. By offering financial incentives, the USIBC expects the PLI scheme to foster innovation, support small and medium enterprises, and boost overall sectoral growth.

Additionally, the USIBC has suggested that the scheme include provisions for digital content production, which is rapidly growing and integral to the media landscape. The proposed incentives could cover various aspects, from content creation to technological advancements and distribution networks.

The USIBC?s call for a PLI scheme reflects its confidence in the sector?s potential and its commitment to supporting India?s economic and cultural development through strategic investments.

Infrastructure Urban

13 Oct 2025

Madurai Corporation Proposes Rs 1,400 Million Plan to Save Vaigai River

In a renewed effort to tackle pollution, the Madurai Corporation has submitted Rs 1,400 million proposal to the state government to upgrade the city’s drainage network and prevent untreated sewage from entering the Vaigai River. The proposal follows growing public concern over the river’s deteriorating condition despite previous mitigation efforts. The Vaigai flows for nearly 12 km within Madurai city limits, with sections obstructed by invasive plants, garbage, and untreated sewage. While multiple inlets contribute to contamination, the Panthalkudi canal in Goripalayam has been identifi..

PM Modi Inaugurates Mumbai Metro 3 Final Phase, 33.5 km Aqua Line

Prime Minister Narendra Modi inaugurated the final phase of Mumbai’s first fully underground Metro 3, making the 33.5 km Aqua Line operational. The line connects Aarey in North Mumbai to Colaba in South Mumbai, aiming to ease congestion on suburban trains and roads. The final stretch, spanning 11.2 km from Acharya Atre Chowk in Worli to Cuffe Parade, provides connectivity to six major business centres, including Nariman Point, Cuffe Parade, Fort, Lower Parel, BKC, and SEEPZ/MIDC. According to Mumbai Metro Rail Corporation (MMRC), the stretch also links areas such as Kalbadevi, Girgaum, Worl..

M.E. Energy Wins Rs 490 Million Ferro Alloys EPC Order

M.E. Energy Pvt Ltd, a wholly owned subsidiary of Kilburn Engineering Ltd and a leading Indian engineering company specialising in energy recovery and cost reduction solutions, has secured its second consecutive major order valued at Rs 490 million in the ferro alloys sector. The order is for an Engineering Procurement and Construction (EPC) contract to develop a 12 MW Waste Heat Recovery Based Power Plant (WHRPP). This repeat order underscores the growing trust of the ferro alloys industry in M.E. Energy’s expertise in delivering reliable, efficient, and sustainable energy solutions tailor..