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Govt mulls tweaking PLI schemes in textiles, food processing, pharma: Official, ET Retail

Pli: The scheme was announced in 2021 for 14 sectors, including telecommunication, white goods, textiles, manufacturing of medical devices, automobiles, speciality steel, food products, high-efficiency solar PV modules, advanced chemistry cell battery, drones and pharma with an outlay of Rs 1.97 lakh crore. ....

Pli Scheme , Food Processing , Make In India ,

Govt mulls tweaks to PLI for textile, pharma & food processing

The government is in the process of modifying the production-linked incentive (PLI) schemes for textiles, food processing, and pharmaceuticals. A cabinet note has been finalized to make these sectors more attractive for companies participating in the PLI program. The move aims to enhance investment in sectors beyond electronics, pharma, food processing, and telecom, which have been the primary beneficiaries of the PLI schemes so far. A ₹1.97 lakh crore PLI scheme covering 14 sectors, including textiles and pharmaceuticals, was announced in 2021. ....

Department For Promotion Of Industry , Internal Trade , Production Linked Incentiv , Food Processing ,

Govt's focus may stay on electronics, R&D, digital ecosystems

Major new announcements are unlikely in this interim budget, but the government may provide updates on last year s initiatives and announce incentives for semiconductor production. ....

National Data Management Office , National Data Governance Policy , Digital Personal Data Protection , Digital India Act , R D , Interim Budget , New Announcements , Digital Ecosystems ,

job creation: Budget 2024: 'After PLI, jobs-linked schemes need of the hour'

Interim Budget: Experts suggest that the government should introduce employment-linked incentives in the upcoming interim budget to promote job creation and formalization. They recommend providing tax breaks or subsidies to small and medium-sized enterprises (SMEs) for hiring workers from marginalized communities to address social inequality. ....

Suchita Dutta , Rahul Ahluwalia , National Committee On Industrial Relations , Gujarat International Finance Tec , Foundation For Economic Development , Indian Staffing Federation , Budget Expectations , Indian Staffing , Tata Chemicals , Gujarat International Finance Tec City , Shenzhen Industrial Region , Economic Development , Job Creation , Employment Linked Incentive Schemes , Tax Breaks , Skill Development , Budget 2024 , Interim Budget , Union Budget 2024 ,

Budget PLI schemes: Budget 2024: Is Modi govt's pet scheme still strong enough to make India a manufacturing giant?

Interim budget: India s Production-Linked Incentive (PLI) scheme, launched in 2020, aims to boost manufacturing, decrease imports, and increase exports. While critics, including former RBI governor Raghuram Rajan, question its effectiveness, the Commerce and Industry Ministry reports over Rs 95,000 crore invested and 746 approved applications till November 2023. The proposed industrial policy seeks to enhance competitiveness and identify areas of cost advantage over China. ....

Rahul Chauhan , Raghuram Rajan , Rohit Lamba , Rajeev Chandrasekhar , Narendra Modi , Industry Ministry , Centre For Monitoring Indian Economy , Information Technology , Union Budget , Reserve Bank , South Asian , Monitoring Indian , Budget Pli Schemes , Interim Budget , Budget News ,