Cabinet approves PLI Scheme for IT hardware & pharma sectors

• The PLI scheme proposes an incentive to boost the domestic manufacturing.
• It also proposes to attract large investments in value chain of IT Hardware.
• The proposed scheme includes the target segments like tablets, laptops, all-in-one PCs and servers.
• Total cost of the proposed scheme is around Rs.7,350 crore for 4 years.
• The budget includes an incentive outlay of Rs.7,325 crore besides the administrative charges of Rs 25 crore.
• Under the scheme, a total production of worth Rs 3,26,00 crore will be achieved out of which 75 per cent will be achieved through the exports.
• This scheme has a potential to generate direct and indirect employment of over 1,80,000 in over 4 years.
• It will provide also provide impetus to Domestic Value Addition for IT Hardware for which there is an expectation that it will rise to 20% – 25% by 2025.

Why this scheme was launched?

Currently in India, laptops of worth Rs 30,000 crore and tablets worth Rs 3,000 crore are sold in India. Out of them, 80 per cent of are imported. Thus, this new PLI scheme was launched with which, government hopes to pull the top 5 global companies to India which controls 50 per cent of the international market.

PLI in Pharma sector

Government has also extended the PLI scheme of worth Rs 15,000 crore for pharmaceuticals. This move was taken in order to reduce the imports and boost the domestic production. Currently, the Indian pharmaceutical industry is $40 billion and it contributes around 3.5 per cent to the global market. But the high-end patented drugs are still imported. The extension of PLI Scheme to pharmaceuticals will make it globally competitive.

About PLI Scheme

This scheme is an outcome oriented as well as output-oriented scheme in which the incentives are paid only if the manufacturers make the goods. It provides cash incentives for five to seven years. Under this scheme all the important sectors are covered ranging from automobiles, food processing, advanced chemistry, Pharma, Solar PV manufacturing etc.

ICOLD Symposium on Sustainable Development of Dams & River Basins inaugurated

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Published: February 24, 2021

The International Commission on Large Dams (ICOLD) Symposium on Sustainable Development of Dams & River Basins was inaugurated by the Minister for Jal Shakti, Shri Gajendra Singh Shekhawat, on February 24, 2021.

Contents [hide]

• Highlights
• Dam Rehabilitation Improvement Project (DRIP)

Highlights

• The Symposium on Sustainable Development of Dams & River Basins is being organised by the International Commission on Large Dams (INCOLD) in association with the Dam Rehabilitation Improvement Project (DRIP), Central Water Commission (CWC) and National Hydrology Project (NHP).
• The event will be organised at New Delhi as Hybrid event starting from24^thFebruary to 27^th February 2021.
• The event will be participated by more than 300 delegates from India and abroad.
• The symposium is being organised with the objective of providing an opportunity to Indian Dam Engineering Professionals and Agencies to share their experiences, ideas and latest developments.
• With the help of this platform, they will be sharing new materials and construction technologies, best engineering practices, advancement in investigation techniques, dam safety issues etc.
• The event will also provide opportunity to network with the world-renowned dam experts from across the world who are involved in Dam Construction, management, operation and maintenance.

Dam Rehabilitation Improvement Project (DRIP)

Under the event, the achievement of the Dam Rehabilitation Improvement Project (DRIP), that was launched to improve the safety and operational performance of large dams and its appurtenances structures, will be presented to the Global Dam Community who are looking forward to India’s development. Further, the Dam Safety Bill which was approved by Lok Sabha, to put the regulatory mechanism and proper surveillance, operation, inspection and maintenance of all dams in India will also be publicised.