Govt to Extend PLI; considering proposals for extending Rs 35,000 cr Scheme

New Delhi: In order to give a boost to the domestic manufacturing segment and create jobs, the government is considering proposals to extend Rs 35,000 crore PLI schemes to different sectors.

These sectors include leather, bicycle, vaccine material, and telecom products, reported PTI citing an official. Its benefits are also being considered for toys, some chemicals, and shipping containers.

“The proposals are at the discussion stage. Inter-ministerial talks are going on to extend PLI benefits to all these different sectors as there has been demand from industry and certain departments,” official said.

The government has already rolled out the scheme with an outlay of about Rs 2 lakh crore for as many as 14 sectors, including automobiles and auto components, pharma, white goods, textiles, food products, high-efficiency solar PV modules, advanced chemistry cells, and specialty steel.

The PLI Scheme is also aimed at making Indian manufacturers globally competitive, attracting investment in the areas of core competency and cutting-edge technology; ensuring efficiencies; creating economies of scale; enhancing exports, and making India an important part of the global supply chain.