Commerce and Industry Minister Piyush Goyal said that the government is working to encourage more sectors under the PLI scheme.
• The government has already launched this scheme with an outlay of about Rs 2 lakh crore for 14 sectors including Automobiles and Auto Components, White Goods, Pharma, Textiles, Food Products, High Efficiency Solar PV Modules, Advanced Chemistry Cells . and specialty steel.
The government is considering a proposal to extend the Production Linked Incentive (PLI) scheme to various sectors to the tune of Rs 35,000, news agency PTI quoted the official as saying.
According to the official, the government is considering the PLI scheme for various sectors such as leather, bicycles, some vaccine materials and some telecom products with an aim to boost domestic manufacturing and create jobs. In addition to these areas, PLI benefits are also being considered for toys, certain chemicals and shipping containers.
“The proposals are in the discussion stage. Inter-ministerial talks are underway to extend the benefits of PLIs to all these different sectors as demands have been made from industry and some departments,” the official said.
The government has already launched this scheme with an outlay of around Rs 2 lakh crore for 14 sectors including Automobiles and Auto Components, White Goods, Pharma, Textiles, Food Products, High Efficiency Solar PV Modules, Advanced Chemistry Cells. specialty steel.
This has resulted in some savings of Rs 2 lakh crore, which can be considered for other sectors and discussions are on, the official said.
The objective of the scheme is to make domestic manufacturing globally competitive and become a global champion in manufacturing.
Last month, Commerce and Industry Minister Piyush Goyal had said that the government was working to encourage more sectors under the PLI scheme.
The objective of the PLI scheme is to make Indian manufacturers globally competitive, to attract investments in the areas of core competence and cutting edge technology; ensuring efficiency; creating an economy of scale; Increasing exports and making India an integral part of the global supply chain.
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