The authorities has disbursed Rs 4,415 crore beneath PLI schemes for eight sectors, together with electronics and pharma, until October this fiscal.(Representative picture)
PLI scheme was introduced in 2021 for 14 sectors
The authorities is contemplating tweaking manufacturing linked incentive (PLI) schemes for sure sectors together with textiles, meals processing, and prescribed drugs, a senior official mentioned on Tuesday.
The official mentioned {that a} Cabinet word is finalised to hunt approval for the modifications from the highest authorities. The modifications would assist these sectors entice extra gamers.
The scheme was introduced in 2021 for 14 sectors, together with telecommunication, white items, textiles, manufacturing of medical gadgets, cars, speciality metal, meals merchandise, excessive-effectivity photo voltaic PV modules, superior chemistry cell battery, drones and pharma with an outlay of Rs 1.97 lakh crore.
While sure sectors like electronics are doing effectively, others usually are not performing up to speed.
The authorities has disbursed Rs 4,415 crore beneath PLI schemes for eight sectors, together with electronics and pharma, until October this fiscal.
A complete of Rs 1,515 crore was disbursed in FY24 until October, whereas it was Rs 2,900 crore in 2022-23, when funds beneath the scheme commenced.
The incentive quantity was disbursed for giant-scale electronics manufacturing, IT {hardware}, bulk medicine, medical gadgets, pharma, telecom, meals processing, and drones.
The schemes goal to draw investments and chopping-edge know-how in key sectors; guarantee effectivity, carry economies of dimension and scale within the manufacturing sector and make Indian firms and producers globally aggressive.
