Tribune News Service
New Delhi, December 11
The ambitious Rs. 1.46 lakh crore Production-Linked Incentive (PLI) Scheme in 10 key sectors to strengthen domestic manufacturing capability and reduce import dependence will be notified by April next year, said Guruprasad Mohapatra, Secretary, Department for Promotion of Industry and Internal Trade.
In November, the government had extended the existing PLI scheme from three sectors to 13 with the focus on mobile manufacturing and electronic components (Rs 40,951 crore) and pharma and medical devices sector (Rs. 10,300 crore) in order to end the increasing Indian dependency on imports of these items, mainly from China. The outlay will be spread over five years from the date it is notified.
Addressing a virtual panel discussion at FICCI’s 93rd Annual General Convention, Mohapatra said that PLI Scheme introduced for the mobile segment will be a game changer.
He said the Government is working to introduce a single window for investors.
Economic Affairs Secretary Tarun Bajaj admitted to some delay in the policy but said it was to make it more ambitious to bring a paradigm change in the way of doing things in the government.
Rahul Chhabra, Secretary (Economic Relations) in MEA said Atmanirbhar Bharat was strengthening the domestic capacities to enable a level-playing field.
A Cabinet meeting chaired by PM Modi in early November had expanded the PLI scheme by three times in terms of product categories and financial outlay.
The new 10 sectors with their outlays are: Advance Chemistry Cell (ACC) battery Rs 18,100 crore, Electronic/Technology Products Rs 5,000 crore, Automobiles & Auto Components Rs 57,042 crore, pharmaceuticals and drugs Rs 15,000 crore, Telecom & Networking Products Rs 12,195 crore, Textile Products Rs 10,683 crore, Food Products Rs 10,900 crore, High Efficiency Solar PV Modules Rs 4,500 crore, White Goods (ACs & LED) Rs 6238 crore and Speciality Steel 6322 crore.