Report Wire - Cabinet approves National Logistics Policy, two different schemes

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Cabinet approves National Logistics Policy, two different schemes

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Cabinet approves National Logistics Policy, two other schemes

The Union Cabinet headed by Prime Minister Narendra Modi on Wednesday permitted the National Logistics Policy. The coverage which was unveiled final week by PM Modi goals at decreasing transportation value and selling seamless motion of products within the nation. Apart from this, the Cabinet additionally permitted a manufacturing linked incentive (PLI) scheme on ‘national programme on high efficiency solar PV modules’ and modifications within the Programme for growth of semiconductors and show manufacturing ecosystem.

National Logistics Policy

The Cabinet on Wednesday permitted the National Logistics Policy which seeks to chop transportation prices by selling seamless motion of products throughout the nation.

The coverage lays down an overarching interdisciplinary, cross-sectoral, multi-jurisdictional and complete coverage framework for the logistics sector. It is envisaged to carry effectivity in logistics companies, and human sources by way of streamlining processes, regulatory framework, ability growth, mainstreaming logistics in increased schooling and adoption of appropriate applied sciences.

The coverage units targets to scale back value of logistics in India to be corresponding to international benchmarks by 2030, enhance the Logistics Performance Index rating, to be amongst high 25 nations by 2030, and create information pushed choice help mechanism for an environment friendly logistics ecosystem.

PLI scheme on ‘High Efficiency Solar PV Modules’

The Cabinet additionally permitted a Rs 19,500-crore manufacturing linked incentive (PLI) scheme on ‘national programme on high efficiency solar PV modules’ with an intention to draw Rs 94,000 crore funding within the sector.

The program goals to construct an ecosystem for manufacturing of excessive effectivity photo voltaic PV modules in India, and due to this fact scale back import dependence within the renewable vitality sector. The PLI scheme is more likely to strengthen the federal government’s Atamnirbhar Bharat initiative and in addition create jobs.

The authorities mentioned that photo voltaic PV producers will probably be chosen by way of a clear choice course of and the PLI will probably be disbursed for five years submit commissioning of photo voltaic PV manufacturing crops on gross sales of excessive effectivity photo voltaic PV modules from the home market.

The authorities estimates that about 65,000 MW each year manufacturing capability of absolutely and partially built-in photo voltaic PV modules can be put in.

It additionally estimates direct employment of about 1,95,000 and oblique employment of round 7,80,000 individuals within the photo voltaic PV sector.

Modifications within the scheme for semiconductors

Additionally, the Cabinet permitted the modifications within the scheme for growth of semiconductors and show manufacturing ecosystem.

The authorities will present a fiscal help of fifty per cent of undertaking value for all expertise nodes for establishing of Semiconductor Fabs within the nation. It may also give fiscal help of fifty per cent of undertaking value for establishing of Display Fabs.

Apart from this, authorities will give fiscal help of fifty per cent of capital expenditure for establishing of Compound Semiconductors/Silicon Photonics/Sensors Fab and Semiconductor ATMP/OSAT services within the nation. Additionally, goal applied sciences beneath the scheme will embody Discrete Semiconductor Fabs.