PLI scheme extension to more sectors likely
Govt in active consideration of enhancing Rs35,000-cr Production-Linked Incentive cover to leather, bicycle, some vaccine materials, and certain telecom products; The Centre has already rolled out the scheme with an outlay of Rs2 lakh crore 14 sectors
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New Delhi: The government is considering proposals to extend Rs35,000 crore PLI scheme to different sectors such as leather, bicycle, some vaccine materials, and certain telecom products with an aim to boost domestic manufacturing and create jobs, an official said.
PLI (production linked incentive) benefits are also being considered for toys, some chemicals and shipping containers. "The proposals are at discussion stage. Inter-ministerial talks are going on to extend PLI benefits to all these different sectors as there has been demand from industry and certain departments," the official said.
The government has already rolled out the scheme with an outlay of about Rs2 lakh crore for as many as 14 sectors, including automobiles and auto components, white goods, pharma, textiles, food products, high efficiency solar PV modules, advance chemistry cell and speciality steel. The official said there are some savings from this Rs 2 lakh crore which could be considered for other sectors, and is under discussions. The objective of the scheme is to make domestic manufacturing globally competitive and create global champions in manufacturing.
