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PLI Scheme has potential to position India in Global Value Chain
By IANS |
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India s pharma exports surge as tide turns against China. Image Source: IANS News
New Delhi, June 3 : Budget allocation of $20 billion to 13 core sectors of the economy, under the PLI scheme will encourage incentive-led manufacturing base and has the potential to position India in global value chain, a senior government official said on Thursday.
Additional Secretary, Department for Promotion of Industry and Internal Trade (DPIIT), Sumita Dawra, in her remarks in a virtual open house session on the Implications of PLI Scheme on India s Manufacturing and Trade Competitiveness, organised by the PHD Chamber of Commerce and Industry, stated that the PLI scheme can boost R&D, economies of scale, meeting quality standard and therefore, has the potential to create global champions in manufacturing.
Home ›› Announcement and Update ›› Submission of proposals/EoI for availing incentive under Production Linked Incentive Scheme for the Food Processing Industry (PLISFPI)
Submission of proposals/EoI for availing incentive under Production Linked Incentive Scheme for the Food Processing Industry (PLISFPI)
Submission of proposals/EoI for availing incentive under Production Linked Incentive Scheme for the Food Processing Industry (PLISFPI)
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The Ministry of Food Processing Industries (MoFPI) has issued detailed operational scheme guidelines and has launched an online portal for Production Linked Incentive Scheme for Food Processing Industry (PLISFPI). As a part of Prime Minister s announcement of Aatmanirbhar Bharat Abhiyan, Government of India has approved a new Central Sector Scheme namely Production Linked Incentive Scheme for Food Processing Industry for implementation during 2021-22 to 2026-27 with an outlay of Rs. 10,900 crore to support creation of global food manufacturing champions. Applicant for the Scheme shall be (i) Proprietary Firm or Partnership Firm or Limited Liability Partnership (LLP) or a Company registered in India (ii) Co-operatives; and (iii) SME and making an application for seeking approval for coverage under the Scheme. Applicant may also include company applying on its own behalf and its subsidiary/ies provided the applicant company holds more than 50% of the stock of its subsidiary/ies and t