Revised PLI to push lagging sectors
Govt mulls over tweaking production-linked incentive scheme for textiles, food processing and pharmaceuticals
Extra Fillip
- PLI was announced in 2021 for 14 sectors
- The outlay is Rs1.97 lakh cr
- Govt disbursed Rs4,415 cr under PLI for 8 sectors
- Sectors like electronics are doing well
- Others are not performing up to the mark
New Delhi: The central government is considering tweaking production-linked incentive (PLI) schemes for certain sectors including textiles, food processing, and pharmaceuticals, a senior official said on Tuesday.
The official said that a Cabinet note is finalised to seek approval for the changes from the top authorities. The changes would help these sectors attract more players. The scheme was announced in 2021 for 14 sectors, including telecommunication, white goods, textiles, manufacturing of medical devices, automobiles, speciality steel, food products, high-efficiency solar PV modules, advanced chemistry cell battery, drones and pharma with an outlay of Rs1.97 lakh crore.
While certain sectors like electronics are doing well, others are not performing up to the mark. The government has disbursed Rs4,415 crore under PLI schemes for eight sectors, including electronics and pharma, till October this fiscal. A total of Rs1,515 crore was disbursed in FY24 till October, while it was Rs2,900 crore in 2022-23, when payments under the scheme commenced.
