Govt seeks to extend Rs 35,000 Cr PLI scheme to more sectors
By MYBRANDBOOK
The government is considering a proposal to extend Rs 35,000 Cr production linked incentive (PLI) scheme to different sectors such as leather, bicycle, some vaccine materials, and certain telecom products.
An official said, “The proposals are at the 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.”
Apart from these sectors, PLI benefits are also being considered for toys, some chemicals and shipping containers. The objective of the scheme is to make domestic manufacturing globally competitive and create jobs.
The PLI scheme is also aimed at attracting investment in the areas of core competency and cutting-edge technology, ensuring efficiencies, creating economies of scale, enhancing exports and making India an integral part of the global supply chain.
The government has already rolled out the scheme with an outlay of about Rs 2 lakh crore for as many as 14 sectors, including automobiles and auto components, white goods, pharma, textiles, food products, high efficiency solar PV modules, advanced chemistry cell and speciality steel.
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