Government trying to resolve issues related to PLI scheme
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The scheme was implemented with an allocation of Rs 1.97 lakh crore. PLI schemes piloted for sectors such as high efficiency solar PV modules, advanced chemical cell (ACC) batteries, textile products and specialty steels are yet to pick up pace. The Department for Promotion of Industry and Internal Trade (DPIIT) had organized a workshop with the relevant PLI stakeholders in June to gain insight on this. “We will incorporate some of the suggestions that have come in the policy.
The government is trying to address the issues and concerns of the stakeholders in the implementation of the Production Linked Incentives (PLI) scheme launched to promote domestic manufacturing. A senior official gave this information on Thursday. The official said Cabinet Secretary Rajiv Gauba reviewed the progress of ongoing PLI scheme for certain sectors like pharmaceuticals and electronics. The official said that the progress of this scheme will be reviewed soon in other areas which are not performing comparatively better. “We reviewed the sectors which are generally doing well. This includes pharmaceuticals, electronics and goods falling under ‘white goods’ like AC, fridge, and mobile manufacturing. ,
When asked about the review meeting, the official said, “These sectors are doing well but they can do better. Right now we are deliberating whether there is a need for any change in it or not. Only after that we will be able to say anything on this. ”The official said that the speedy processing of claims for the incentive amount, the delay in getting visas for some experts when it is necessary to call them from China, and environmental clearance in some states have come as a hindrance. Efforts are being made to resolve the issues like delay. The Central Government had announced the PLI scheme in the year 2021 to promote manufacturing in 14 sectors. These sectors include telecommunications, electronics, textiles, medical devices, vehicles, specialty steel, food products, high-efficiency solar PV modules, advanced chemical cell batteries, drones, and pharmaceuticals.
The scheme was implemented with an allocation of Rs 1.97 lakh crore. PLI schemes piloted for sectors such as high efficiency solar PV modules, advanced chemical cell (ACC) batteries, textile products and specialty steels are yet to pick up pace. The Department for Promotion of Industry and Internal Trade (DPIIT) had organized a workshop with the relevant PLI stakeholders in June to gain insight on this. “We will incorporate some of the suggestions that have come in the policy.
Disclaimer:IndiaTheNews has not edited this news. This news has been published from PTI-language feed.
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