The cumulative investment under the production-linked incentive scheme to boost mobile manufacturing has increased to Rs 5,124 crore till December from the Rs 3,726 crore target set earlier for the current fiscal, Parliament was informed on Wednesday.
Minister of State for Electronics and IT Rajeev Chandrasekhar in a written submission to the Lok Sabha shared that the cumulative investment target for the entire scheme period is Rs 7,000 crore.
The data shared by the minister shows that the government has set a target to achieve production of Rs 8.12 lakh crore under the five-year scheme period of the Production Linked Incentive (PLI) Scheme for Large Scale Electronics Manufacturing (LSEM) to boost mobile phone manufacturing.
“Over the tenure of the PLI Scheme, the 16 approved companies are expected to lead to a total production of more than Rs 8,12,550 crore. Out of the total production of Rs 8,12,550 crore in the next 5 years, around 60 per cent is expected to be contributed by exports of the order of Rs 4,87,530 crore,” Chandrasekhar said.
The data shows that a 91 per cent cumulative production target of Rs 2,63,086 crore for the current fiscal have been achieved till December, and a 90 per cent export target amounting to Rs 1,03,539 crore has been accomplished as of December 2022.
The government has achieved 56 per cent of the cumulative job creation target under the scheme till December.
The companies have reported the creation of 52,509 jobs out of a cumulative target of 93,009 in the current fiscal under the scheme.
The government has set a target to create 2 lakh jobs during the entire scheme period.
Pilots’ bodies at Tata Group-owned Air India say airline makes ‘rapid’, ‘regressive’ changes in service conditions
Mumbai, Mar 29 (PTI) Pilots’ bodies at Tata Group-owned Air India have accused the airline management of making unilaterally “rapid” and “regressive” changes in the service conditions of pilots.
In a letter to Air India Chief Human Resources Officer Suresh Dutt Tripathi on Tuesday, Indian Pilots Guild (IPG) and Indian Commercial Pilots Association (ICPA) also stated that “all unilateral violations of their rights and service agreements are creating industrial unrest and shattering employee confidence in the current management”.
The communication comes amid Air India reducing drastically the annual limit of privilege leave accumulation to 60 days from 300 days earlier, as per a source.
IPG represents the wide-body aircraft pilots at the airline while ICPA represents pilots who operate the narrow-body fleet of Air India.
“To help the company, the unions have supported you in good faith for over a year. But still, we are being fed the same non-committal, bidding-for-time excuses while rapid and regressive changes are being introduced unilaterally in our service/ working conditions through organisational announcements and policies,” the two unions stated in a joint letter.
