Business

Government plans to include electronic components, pharma and medical devices in preparation for expanding the scope of PLI

Photo:FILE PLI

Highlights

  • A senior government official gave this information
  • Discussion on inclusion of toys, furniture and container industry in PLI
  • The objective of this scheme is to increase domestic manufacturing

PLI The government is in the process of expanding the scope of the (Production Linked Incentives) scheme. According to the information received,

Discussions are going on in the government on a proposal to expand the scope of the PLI scheme to certain sectors such as electronic components, pharma and medical devices. A senior government official gave this information. Apart from this, discussions are also going on to include toys, furniture, bicycle and container industries in the PLI scheme. The objective of this scheme is to make domestic manufacturing globally competitive, boost exports and create employment opportunities.

Scheme launched last year

The government had launched the scheme last year with an outlay of around Rs two lakh crore for 14 sectors including automobiles and auto parts, white goods, textiles, advanced chemicals cell (ACC) and special steel. “The plan is being worked out. Some proposals are being considered.” Amidst the government’s intention to cut imports and boost domestic manufacturing, there have been demands to include sectors such as some electronic components, toys, furniture, bicycles and containers in the PLI.

Applications of 32 companies approved under PLI scheme

An Empowered Committee headed by the Chief Executive Officer (CEO) of NITI Aayog has approved 32 beneficiaries under the Driven Production Linked Incentive (PLI) scheme for the electronics manufacturing sector. The proposal for promotion of mobile manufacturing under the PLI scheme operated for electronics manufacturing companies has also been approved. Under this, 10 companies will be given incentives for mobile manufacturing. This is the first time that a mobile manufacturing unit has also been selected under the PLI scheme. NITI Aayog said, “Under the PLI scheme operated for large size electronics manufacturing units, 32 beneficiaries have been approved. Out of these 10 companies are related to mobile manufacturing.” Of the mobile manufacturing companies, five are domestic and five are foreign. Under this scheme, it has also been decided to give an incentive of Rs 53.28 crore to Paget Electronics, a subsidiary of Dixon Technologies.

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Shivam Bangwal

Shivam Bangwal is an Indian based entrepreneur who is a tech, travel and coding enthusiast with a post graduation degree on Master's of Computer Applications. He is a founder of Youthistaan, People News Chronicle, Hitchhike TV, Branding Panther and many more.
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