PLI Schemes: Commerce 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.
India Business News: Senior government officials, industry players, and beneficiary companies under the PLI scheme discussed collaborations and action plans for successful
Around 1,200 delegates including beneficiary companies under the PLI (production linked incentive) scheme for 14 sectors and officials met on February 3 to discuss and chart out the strategy for effective and seamless implementation of these schemes, the commerce and industry ministry said.
The Rs 4,415 crore disbursement is only 2.25 per cent of the total outlay of Rs 1.97 lakh crore of incentives over five years under the PLI schemes announced in 2020, the Global Trade Research Initiative (GTRI) said on Sunday. "This slow fund spend is unsurprising, considering that setting up greenfield or new manufacturing operations takes time," it said. "PLI criteria for various sectors include thresholds on investments, production, sales, degree of localization, inputs used and many more. Manufacturers may not be able to tick on all boxes," GTRI Co-Founder Ajay Srivastava said.