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Cabinet Secretary Reviews Progress of PLI Scheme in Certain Sectors


The Cabinet Secretary recently conducted a review of the progress made under the Production-Linked Incentive (PLI) scheme in certain sectors. The PLI scheme was introduced in 2021 for 14 sectors including telecommunications, white goods, textiles, medical devices, automobiles, specialty steel, food products, high-efficiency solar PV modules, advanced chemistry cell batteries, drones, and pharmaceuticals. The scheme has a total budget of Rs 1.97 lakh crore.

During the review, the Cabinet Secretary assessed the implementation of the PLI scheme and its impact on the growth and development of the designated sectors. The objective of the PLI scheme is to enhance domestic manufacturing capabilities, attract investments, boost exports, and generate employment opportunities in key sectors of the economy.

Based on the review, it is reported that significant progress has been made in the implementation of the PLI scheme. The scheme has contributed to increased production, investment, and job creation in the designated sectors. The Cabinet Secretary expressed satisfaction with the progress and emphasized the need to continue the momentum.

Considering the positive outcomes and potential of the PLI scheme, it is expected that another meeting will be held soon to discuss the way forward and explore opportunities for further expansion of the scheme. The government is committed to supporting and promoting domestic manufacturing, and the PLI scheme is an important tool in achieving this objective.

The PLI scheme has already attracted significant interest and participation from industry players in various sectors. It provides financial incentives to eligible companies based on the incremental sales of products manufactured in India. The scheme aims to make Indian manufacturing globally competitive and position the country as a preferred investment destination.

Overall, the review of the PLI scheme highlights its effectiveness in driving growth and competitiveness in key sectors of the economy. The government’s continued focus on promoting and expanding the scheme is expected to further boost manufacturing, investments, and job creation in India.



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