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The Union Cabinet chaired by Prime Minister Narendra Modi approved on 5 May 2026 two new semiconductor manufacturing units under the India Semiconductor Mission (ISM) Phase 1: Crystal Matrix Limited (CML) — India's first GaN-based compound-semiconductor and Mini/Micro-LED display fabrication facility (INR 3,068 crore, Dholera, Gujarat) and Suchi Semicon Private Limited (SSPL) — an OSAT facility for discrete semiconductors (INR 868 crore, Surat, Gujarat). Cumulative investment INR 3,936 crore (~USD 400mn); 2,230 skilled jobs at full ramp. This constitutes the 12th and final batch of ISM Phase 1 approvals, closing the first-phase envelope before ISM 2.0 (filed 2026-02-01) takes over.

India's Ministry of Ports, Shipping and Waterways notified operational guidelines on 26 December 2025 for two paired shipbuilding subsidy schemes with a combined outlay of ₹44,700 crore (~USD 5.4bn). SBFAS (₹24,736 crore corpus) provides 15–25% per-vessel financial assistance tiered by vessel category, with milestone-linked disbursement and a 40% scrap-value credit for vessels broken at Indian yards. SbDS (₹19,989 crore outlay) funds greenfield shipbuilding clusters, brownfield-yard modernisation, and establishment of an India Ship Technology Centre. Both schemes are valid to 31 March 2036 with an in-principle extension to 2047, with applicability for shipbuilding contracts signed from 24 September 2025. On 7 January 2026 the guidelines were amended to include chemical tankers under SBFAS Category-1.

On 12 December 2025 India's Cabinet Committee on Economic Affairs (CCEA), chaired by Prime Minister Narendra Modi, approved higher Minimum Support Prices (MSP) for copra for the 2026 marketing season (January-April 2026). The MSP for milling copra (Fair Average Quality) rises to Rs 12,027 per quintal, up Rs 445 (+3.8%) from the 2025 season, while the MSP for ball copra rises to Rs 12,500 per quintal, up Rs 400 (+3.3%). Procurement is executed nationally through NAFED and NCCF as Central Nodal Agencies under the Price Support Scheme (PSS)/PM-AASHA umbrella, primarily benefiting coconut growers in Kerala, Karnataka and Tamil Nadu, and structurally disadvantages coconut/copra-based edible-oil imports and re-exports competing with subsidized domestic supply, including from Indonesia.

On 26 November 2025 the Union Cabinet, chaired by Prime Minister Narendra Modi, approved a Rs 7,280 crore (~USD 800 million) scheme to establish 6,000 MTPA of integrated sintered Rare Earth Permanent Magnet (REPM) manufacturing capacity in India. The Ministry of Heavy Industries will allocate capacity to five beneficiaries (up to 1,200 MTPA each) via global competitive bidding. The package combines a Rs 6,450 crore sales-linked incentive (PLI-style, paid on REPM sales over 5 years) with a Rs 750 crore capital subsidy for facility build-out. The scheme runs 7 years from award (2-year gestation + 5-year disbursement) and covers the full value chain from rare-earth oxides through metals, alloys, to finished sintered Nd-Fe-B and SmCo magnets.

The Asian Development Bank signed a USD 331 million financing package with ReNew Vyoman Power Private Limited, a subsidiary of Indian independent power producer ReNew, to fund an 837 MWp solar-wind hybrid plant paired with a 415 MWh battery energy storage system (BESS) in Andhra Pradesh. ADB describes it as the first round-the-clock (24/7) peak renewable energy project it has financed, with the BESS enabling 300 MW of guaranteed baseload/peak delivery. Global Trade Alert logs the deal as a "red" (certainly harmful) state-linked lending intervention on the standard grounds that below-market multilateral development-bank financing to a named commercial producer is a potential trade- and competition-distorting subsidy.

India's Union Cabinet, chaired by PM Narendra Modi, approved a ₹25,000 crore ($3bn) Maritime Development Fund (MDF) on 24 September 2025 as part of the broader ₹69,725 crore shipbuilding and maritime package. The MDF comprises a ₹20,000 crore Maritime Investment Fund (MIF) — a blended-finance Category-I Alternative Investment Fund with the Government of India contributing up to 49% of capital at concessional rates and the remaining 51% raised from ports and private/commercial investors — and a ₹5,000 crore Interest Incentivization Fund (IIF) that subsidises loan interest costs for shipyards and shipowners to lower the effective cost of debt. The fund is designed to run through FY 2026-36 and is projected to catalyse up to ₹1.5 lakh crore (~$18bn) in maritime-sector investment by 2030, covering shipbuilding, ship repair, ports, inland waterways, coastal shipping and tonnage-capacity expansion.

On 3 September 2025 the Union Cabinet approved the Incentive Scheme for Promotion of Critical Minerals Recycling (CMRIS), a ₹1,500 crore (~USD 180 million) capex and opex subsidy programme running FY2025-26 to FY2030-31 under the National Critical Mineral Mission (NCMM). The scheme provides a 20% capex subsidy on plant and machinery plus 40–60% opex incentives to entities recycling critical minerals from secondary feedstocks — e-waste, lithium-ion battery scrap, and end-of-life vehicle catalytic converters. A Ministry of Mines gazette notification formalising the scheme was issued on 8 September 2025.

India's Cabinet Committee on Economic Affairs approved an INR 8,146.21 crore (~USD 980 million) investment proposal for the 700 MW (4x175 MW) Tato-II Hydro Electric Project in Shi Yomi district, Arunachal Pradesh, to be built over 72 months by a joint venture between North Eastern Electric Power Corporation Ltd (NEEPCO) and the Government of Arunachal Pradesh. The Government of India component consists of INR 436.13 crore in central financial assistance toward the state's equity share plus INR 458.79 crore in budgetary support for enabling infrastructure (roads, bridges, transmission lines) — together INR 894.92 crore (~USD 108 million) of direct central subsidy. Arunachal Pradesh receives 12% free power and a 1% local-area-development-fund allocation from project output.

The Union Cabinet chaired by Prime Minister Narendra Modi approved on 12 August 2025 four new semiconductor manufacturing units under the India Semiconductor Mission (ISM) Phase 1: SiCSem Private Limited (Silicon Carbide compound-semiconductor fab, Odisha, with UK partner Clas-SiC Wafer Fab Ltd.), 3D Glass Solutions Inc. (advanced glass-substrate packaging, Odisha), Continental Device India Private Limited / CDIL (discrete power-semiconductor expansion, Punjab), and Advanced System in Package Technologies / ASIP (OSAT unit with South Korea's APACT Co. Ltd, Andhra Pradesh). Cumulative investment INR 4,600 crore (~USD 525mn); 2,034 skilled jobs at full ramp. This brought total approved ISM Phase 1 projects to 10 across 6 states, with cumulative committed investment of approximately INR 1.60 lakh crore (~USD 18bn).

India's Union Cabinet approved ₹30,000 crore (~USD 3.43 billion) in compensation to the three public-sector oil marketing companies — Indian Oil Corporation (IOCL), Bharat Petroleum Corporation (BPCL), and Hindustan Petroleum Corporation (HPCL) — for under-recoveries on domestic LPG sales during 2024-25. International LPG prices stayed elevated through the period, but the government did not pass the increase through to consumer cylinder prices, leaving the OMCs with losses on every cylinder sold. The Ministry of Petroleum and Natural Gas will distribute the funds across the three companies in twelve tranches to support crude/LPG procurement, debt servicing, and capex, and to keep LPG supply uninterrupted.

The Government of Andhra Pradesh issued G.O.Ms.No.30 (ITE&C Promotion Wing, 1 August 2025) establishing the Electronics Components Manufacturing Policy 2025-30, a dedicated sub-national subsidy framework designed as a 100% matching top-up of the central MeitY Electronics Components Manufacturing Scheme (ECMS). The policy targets INR 4,600 crore (~USD 550 million) in state fiscal outlay against a USD 50 billion production target and USD 10 billion investment target, with a goal of 5 lakh (500,000) first-time jobs over the policy period. Priority components span 11 categories including displays, camera modules, multilayer PCBs, lithium-ion cells, magnetics, capacitors, and resistors, channelled into dedicated electronics zones at Sri City, Hindupur, Orvakal, and Kopparthy.

The Government of Maharashtra, Transport Department, notified the Maharashtra Electric Vehicle Policy 2025 on 23 May 2025 (Government Resolution No. 202505231834008229) after Cabinet approval on 28 April 2025, with retroactive effect from 1 April 2025 through 31 March 2030. The five-year policy carries an INR 1,993 crore (~USD 235 mn) headline outlay — comprising approximately INR 1,740 crore in purchase incentives, INR 100 crore in charging-infrastructure viability gap funding, and balance allocations for manufacturing incentives, R&D, skilling, and scrappage support — representing a 114% increase over the INR 930 crore outlay of the prior 2021–2025 policy. Targets include ~30% of all new vehicle registrations in Maharashtra to be electric by 2030, a charging station every 25 km on state and national highways, and a 10% base-price subsidy on electric two- and three-wheelers, private and public buses, and passenger vehicles (with an additional 5% top-up for goods-carrying 3W/4W, agricultural tractors, and combine harvesters). The instrument is sectoral and EV-only — distinct from the umbrella Maharashtra Industry, Investment & Services Policy 2025 (filed separately).

The Union Cabinet, chaired by Prime Minister Narendra Modi, approved the establishment of a sixth semiconductor unit under the India Semiconductor Mission (ISM) on 14 May 2025. The unit is a joint venture between HCL and Foxconn (Hon Hai) and will build an Outsourced Semiconductor Assembly and Test (OSAT) plant near Jewar airport in the Yamuna Expressway Industrial Development Authority (YEIDA) area of Uttar Pradesh, manufacturing display driver chips for mobile phones, laptops, automobiles, PCs and other display-equipped devices. The approved investment is INR 3,700 crore (~USD 435 million), with designed capacity of 20,000 wafers per month and output of 36 million units per month.

Tamil Nadu Chief Minister M K Stalin launched the Tamil Nadu Electronics Components Manufacturing Scheme (TN-ECMS) on 30 April 2025, making Tamil Nadu the first Indian state to introduce a dedicated state-level electronics components manufacturing subsidy designed to stack on top of the central Electronics Components Manufacturing Scheme (ECMS, notified April 2025). The scheme targets ₹30,000 crore (~USD 3.6 bn) in investment and 60,000 jobs over three to five years, supporting 11 high-growth component categories including HDI/MSAP printed circuit boards, lithium-ion cells, display assemblies, camera modules, SMD passive components, multilayer ceramic capacitors, copper-clad laminates, and capital goods for electronics manufacturing. Investment thresholds are ₹50 crore for basic components and up to ₹250 crore for complex sub-assemblies; matching grants mirror the central ECMS subsidy structure with additional state concessions on stamp duty, land, and electricity costs plus workforce-development incentives.

The Union Cabinet approved the Electronics Components Manufacturing Scheme (ECMS) on 28 March 2025, notified by the Ministry of Electronics and Information Technology (MeitY) via Gazette Notification CG-DL-E-08042025-262341 on 8 April 2025. The scheme has an original outlay of Rs 22,919 crore (~USD 2.7bn) over six years (FY26-FY31, with an optional one-year gestation period), raised to Rs 40,000 crore in the Union Budget 2026-27. ECMS targets passive components, multi-layer PCBs, lithium-ion battery cells, camera modules, display assembly, electromechanicals, bare-component sub-assemblies and capital equipment for semiconductor and electronics manufacturing -- the ecosystem feeding the existing large-scale-electronics PLI and the India Semiconductor Mission. The scheme targets investment of Rs 59,350 crore, production of Rs 4,56,500 crore and 91,600 direct jobs.

The Union Cabinet approved the PM Electric Drive Revolution in Innovative Vehicle Enhancement (PM E-DRIVE) Scheme on 11 September 2024, with the Ministry of Heavy Industries notifying it via Gazette S.O. 4259(E) on 29 September 2024. The two-year programme (1 October 2024 – 31 March 2026) has a total outlay of Rs 10,900 crore (~USD 1.3 bn). It subsumes the EMPS-2024 stop-gap and replaces FAME-II (which expired on 31 March 2024). Demand incentives cover e-2W, e-3W (incl. e-rickshaws and cargo), e-trucks, e-ambulances and e-buses; supply-side outlays fund 14,028 e-buses for state transport undertakings (via CESL aggregation), Rs 2,000 crore for EV public charging stations, and Rs 780 crore for upgrading MHI testing agencies.

The Union Cabinet approved the Semicon India Programme on 15 December 2021, establishing the India Semiconductor Mission (ISM) as the nodal agency. The programme offers fiscal support of up to 50% of project cost for silicon semiconductor fabs, compound semiconductor facilities, display fabs, ATMP/OSAT units, and chip design. Total outlay: Rs 76,000 crore (approximately $10.2bn at 2021 exchange rates). By February 2024, the Cabinet had approved three major semiconductor units under ISM: Tata Electronics with PSMC (semiconductor fab, Dholera, Rs 91,526 crore), Tata Electronics OSAT (Morigaon, Assam, Rs 27,120 crore), and CG Power OSAT (Rs 7,584 crore), totalling over Rs 1.26 lakh crore in committed investment from private applicants.

The Union Cabinet approved the Production Linked Incentive (PLI) Scheme for Specialty Steel on 22 July 2021; the scheme was notified in the Gazette of India on 29 July 2021 by the Ministry of Steel and detailed scheme guidelines were published on 20 October 2021. Total outlay: Rs 6,322 crore (~USD 850m) over five years (FY 2024-25 through FY 2028-29). The scheme covers five product categories (coated/plated products, high-strength / wear-resistant steel, specialty rails, alloy steel and steel wires, and electrical steel) across 19 sub-categories, and offers incentives of 4-12% on incremental sales for end-to-end domestic specialty-steel production with melted-and-poured input requirement. PLI 1.1 reopened applications on 6 January 2025; PLI 1.2 (third round) was launched in 2025-2026 with a revised four-category / 22-sub-category structure and incentive rates up to 15%.

The Union Cabinet on 12 May 2021 approved the Production-Linked Incentive (PLI) Scheme "National Programme on Advanced Chemistry Cell (ACC) Battery Storage" with a Rs 18,100 crore (~USD 2.4 bn) outlay over five years to build 50 GWh of ACC and 5 GWh of "Niche" ACC manufacturing capacity in India. Selected bidders receive PLI cash incentives over five years on sale of cells made in India, gated on minimum 25% domestic value addition rising to 60% by year five and chemistry-agnostic eligibility (Li-ion, Na-ion, solid-state, flow, lead-acid). The MHI awarded the first 50 GWh tranche on 24 March 2022 (Hyundai Global Motors 20 GWh, Ola Electric 20 GWh, Reliance New Energy Solar 5 GWh, Rajesh Exports 5 GWh) under a QCBS global tender; the Hyundai Global Motors award was withdrawn after Hyundai Motor Company disowned the bidder in August 2022, triggering a re-tender of the orphaned capacity that completed in 2025.

The Department of Pharmaceuticals notified the Production Linked Incentive (PLI) Scheme for Promotion of Domestic Manufacturing of Critical Key Starting Materials (KSMs), Drug Intermediates (DIs) and Active Pharmaceutical Ingredients (APIs) on 21 July 2020 via Gazette Notification, with an outlay of Rs 6,940 crore (~USD 920m) over FY 2020-21 to FY 2027-28. The scheme covers 41 identified critical bulk-drug products across four target segments — fermentation-based (Key Fermentation; Niche Fermentation) and chemical synthesis-based (Key Chemical Synthesis; Niche Chemical Synthesis) — paying 20% incentive on incremental sales for fermentation-based products (years 1-4) tapering to 15% (year 5) and 5% (year 6), and a flat 20% over 5 years for chemically-synthesised products. The stated objective is to reduce India's ~70% bulk-drug import dependence on China by establishing greenfield domestic manufacturing capacity with at least 90% domestic value addition for fermentation products and 70% for chemical-synthesis products.

The Union Cabinet approved the Production Linked Incentive (PLI) Scheme for Large Scale Electronics Manufacturing on 21 March 2020, with the scheme notified in the Gazette of India on 1 April 2020. Total outlay: Rs 40,995 crore (~$5.5bn) over five years. The scheme extends incentives of 4% to 6% on incremental sales (over FY 2019-20 base year) to eligible companies manufacturing mobile phones (invoice value >= Rs 15,000) and specified electronic components including ATMP units. Approved beneficiaries include Samsung, Foxconn, Wistron, Pegatron, and Indian firms Dixon, Lava, and Bhagwati (Micromax).