New Delhi: The government may soon make changes in the production linked incentive scheme (PLI) for pharmaceutical, drone and textile sectors to encourage investment and boost manufacturing. An officer has given this information. These areas have been identified after inter-ministerial consultations on the performance of the scheme related to various products. The official said that the distribution of production linked incentives (PLI) for items like ACs and LED lights will start this month. This will increase the amount of distribution, which was only Rs 2,900 crore till March 2023.
The scheme was announced in 2021 for 14 sectors like telecom, goods like AC and LED lights, textiles, medical equipment manufacturing, vehicles, special steel, food products, high-efficiency solar PV modules, advanced chemistry cell batteries, drones and pharmaceuticals. Was taken. A budget of Rs 1.97 lakh crore was fixed for this.
“We have identified some areas,” a government official said on condition of anonymity. We will send a joint note to seek approval of the Union Cabinet. The changes include extending some timings (for the pharmaceutical sector) and adding some additional products in some sectors.” He said, ”In the textile sector…we are expanding the definition of some other products in the technical textile segment. Talking about drones, we are increasing their number.” The total amount allocated over three financial years for the PLI scheme for drones and drone components is Rs 120 crore.
These schemes for all the 14 sectors have been notified by the concerned Ministries/Departments after due approval. These schemes are in various stages of implementation. The government is expected to distribute around Rs 13,000 crore to eligible companies seeking benefits under the schemes.