Govt plans to extend PLI scheme to 7-8 more sectors to promote manufacturing: DEA Secretary
Enthused by initial response of industry with regard to the production-linked incentive (PLI) scheme, Economic Affairs Secretary Tarun Bajaj on Wednesday said the government is considering an extension of the scheme to 7-8 more sectors to promote domestic manufacturing. With the view to make India a manufacturing hub, the government recently announced the PLI scheme for mobile phones, pharma products and medical equipment sectors. "I have a lot of confidence and hope on the PLI scheme that we have brought out for mobile phones, pharma products and medical equipment, and in the offing are about 7-8 sectors where the PLI scheme would be extended," Bajaj said while addressing a virtual CII conference. The PLI scheme, unlike other schemes, is an outcome- and output-oriented programme where manufacturers get cash incentives over 5-7 years for production, he said.