News Brief
Modi Govt Introduced Rs 1.97 Lakh Crore Worth PLI Schemes To Promote Domestic Manufacturing In 13 Key Sectors
Prime Minister Narendra Modi and other ministers at a Make-in-India conclave
To enhance India’s manufacturing capabilities and exports, the Modi government an outlay of Rs 1.97 lakh crore has been announced for Production-linked incentive (PLI) schemes for 13 key sectors for a period of five years starting from fiscal year (FY) 2021- 22.
These 13 sectors include Mobile Manufacturing and Specified Electronic Components, Critical Key Starting materials/Drug Intermediaries and Active Pharmaceutical Ingredients, Manufacturing of Medical Devices, Automobiles and Auto Components, Pharmaceuticals Drugs, Specialty Steel, Telecom and Networking Products, Electronic/Technology Products, White Goods (ACs and LEDs), Food Products, Textile Products: MMF segment and technical textiles, High efficiency solar PV modules, and Advanced Chemistry Cell (ACC) Battery.
This information was given by the minister of state for the Ministry of Commerce and Industry, SomParkash, in a written reply in the Lok Sabha on Wednesday (10 March).
The PLI schemes will be implemented by the concerned ministries and departments and will be within the overall financial limits prescribed.
The PLI Schemes are expected to enable the setting up of a widespread supplier base for the global champions established under the scheme.
It will help bring scale and size in key sectors and create and nurture global champions. All the units put together would help India to generate massive primary and secondary employment opportunities.
The Government of India is making continuous efforts under investment facilitation for implementation of Make in India action plans to identify potential investors.
Support is being provided to Indian missions abroad and state governments for organizing events, summits, road-shows and other promotional activities to attract investment in the country under the Make in India banner.
Investment outreach activities are being carried out for enhancing international co-operation for promoting FDI and improve ease of doing business in the country.
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