Prime Minister Narendra Modi inaugurated Lyfius Pharma’s flagship Penicillin-G manufacturing facility in Kakinada, Andhra Pradesh, marking a major milestone for India’s pharmaceutical industry. The facility, with a production capacity of 15,000 metric tonnes, is set to bolster domestic output of key starting materials (KSMs), drug intermediates (DIs), and active pharmaceutical ingredients (APIs) crucial for antibiotics. […]
On March 2, 2024, Dr. Mansukh Mandaviya, Union Minister for Chemicals & Fertilizers and Health & Family Welfare, virtually inaugurated Sadhana Nitro Chem Ltd.’s state-of-the-art Para Amino Phenol (pAP) bulk drug plant. This significant development is part of a broader initiative that includes the launch of 26 greenfield bulk drug park projects and 13 new […]
Venus Remedies Ltd, a leading player in India’s generic drug manufacturing sector, has recently been awarded a pivotal disbursement of Rs 7.5 crore under the Central Government’s Production Linked Incentive (PLI) scheme for the financial year 2022-23. This disbursement, which represents 75% of the total incentive due to the company for the year, marks a […]
In a significant development for the Indian telecommunications sector, Tejas Networks [BSE: 540595, NSE: TEJASNET] has announced receiving a substantial incentive of Rs 27.78 crore for the fiscal year 2022-’23 under the Production-Linked Incentive (PLI) Scheme for Telecom and Networking Products. This incentive represents 85% of the total claim for FY23, with the remaining 15% […]
The Prime Minister of India, Narendra Modi, has ceremonially inaugurated several critical infrastructural ventures in Warangal, Telangana, totaling a worth of approximately Rs 6,100 crores. The projects encompass a Railway Manufacturing Unit in Kazipet with an expected cost of over Rs 500 crores and 176 km of National Highway Projects valued above Rs 5,550 crores. […]
Tata Steel along with its subsidiaries Tata Steel Long Products and Tinplate Company of India has signed memorandum of understanding (MoUs) with the Indian Ministry of Steel for eight product categories under the Production-linked incentive (PLI) Scheme for specialty steel. The Ministry signed a total of 57 MoUs with 27 firms covering 20 sub-categories. The […]
HFCL, an Indian telecom company, will avail an incentive of up to INR 652.79 crores as part of production-linked incentive (PLI) scheme following approval from Small Industries Development Bank of India (SIDBI), Project Management Agency (PMA) and Competent Authority. Out of the INR 4,115 crores investment from all the participating companies under the PLI Scheme, […]
