Key Points
The industry should look at the measures under the Production-Linked Incentive (PLI) scheme as an initial support because going forward, the industry has to face competition to grow further, Commerce and Industry Minister Piyush Goyal said on Saturday..
More than 1,200 stakeholders, including government officials and industry players are meeting here and deliberating on the progress of 14 PLI schemes...
The government in 2021 announced PLI schemes for 14 sectors such as 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 Rs 1.97 lakh crore...
The schemes aim to attract investments in key sectors and cutting-edge technology; ensure efficiency, bring economies of size and scale in the manufacturing sector and make Indian companies and manufacturers globally competitive...
The objective is to bring all stakeholders on a common platform, fostering a sense of ownership to facilitate exchange of knowledge and experiences, good practices and success stories, ultimately contributing to the successful implementation of PLI schemes...
You might be interested in
PLI scheme to only give kickstart, ultimately competition will prevail: Goyal to industry
03, Feb, 24New Delhi, Feb 3 (PTI) The industry should look at the measures under the Production-Linked Incentive (PLI) scheme as an initial support because going forward, the industry has to face competition to grow further, Commerce and Industry Minister Piyush Goyal said on Saturday. He asked the PLI incentive beneficiary firms to share their “constructive criticism […]
PLI schemes a kickstart, become more outward looking: Piyush Goyal to industry
03, Feb, 24Commerce and Industry Minister Piyush Goyal emphasized that the Production-Linked Incentive (PLI) schemes are designed as an initial support or kickstart for the industry, urging beneficiaries to view them as a boost rather than a dependency on government subsidies.
Govt assures PLI beneficiaries to resolve their issues
28, Jun, 23The government announced the PLI (production-linked incentive) scheme in 2021 for as many as 14 sectors, such as telecommunication, white goods, textiles and pharma with an outlay of Rs 1.97 lakh crore. The government has disbursed only Rs 2,900 crore till March 2023, out of Rs 3,400 crore claims received.
PLI scheme disbursement will be about ₹13,000 crore in FY24: DPIIT Secretary
11, Aug, 23In FY23, the government disbursed ₹2,900 crore out of ₹3,400 crore claims received under the scheme
Budget Manufacturing push: PLI gets 33% higher outlay, MSMEs’ regulatory focus
01, Feb, 24The government has increased the budget for the Production Linked Incentive (PLI) scheme by 33% to Rs 6,200 crore and is reviewing the PLI for sectors like textiles, pharma, and food processing. The government has disbursed Rs 4,415 crore under the scheme for eight sectors, including electronics and pharma. Finance Minister Nirmala Sitharaman emphasized the importance of providing timely finances, relevant technologies, and training for MSMEs.
Govt, industry discuss ways for successful implementation of PLI schemes
04, Feb, 24Senior government officials and industry players have discussed ways to enhance collaborations and create a clear action plan for successful implementation of PLI schemes. Around 1,200 delegates including beneficiary companies under the PLI scheme for 14 sectors and officials met to discuss and chart out the strategy for effective implementation. Officials from ministries and departments, including NITI Aayog, electronics, IT, telecommunications, heavy industries, renewable energy, and pharmaceuticals, participated in the discussions. Commerce and industry Minister Piyush Goyal encouraged industry's constructive feedback and collaborative engagement to shape the policies and effectiveness of the schemes.
Concerned departments may consider course correction if PLI scheme not picking up: DPIIT
13, Jun, 23Secretary in the Department for Promotion of Industry and Internal Trade (DPIIT) Rajesh Kumar Singh said the concerned ministries have to see if PLI disbursement is low or if firms are not able to meet their performance thresholds, in such cases, sometime relaxations may be required like the way it has been done for the IT sector.
To boost tax revenue by Rs 5 trillion: Additional PLI investments at Rs 62,500 cr
14, Jun, 23More sectors to be included
PLI schemes for toys, bicycles, construction equipment soon
16, Mar, 23Incentive limit of Rs 1.97 trn by 2030 to be unchanged
Rs 53,500 cr PLI investment till December 2022, govt disbursed Rs 2,874.71 cr till March
26, Apr, 23PLI schemes for 14 sectors were announced during the Covid pandemic in 2020 with an outlay of Rs 1.97 lakh crore to boost domestic manufacturing and exports.