PLI Scheme to enhance India’s Manufacturing Capabilities
The Union Cabinet chaired by the Prime Minister Narendra Modi gave approval to introduce the Production-Linked Incentive (PLI) Scheme in the 10 key sectors for enhancing India’s manufacturing capabilities and exports under Atmanirbhar Bharat.
The PLI Scheme will be implemented by the concerned Ministries/ Departments and will be within the overall financial limits prescribed. The final proposals of PLI for individual sectors will be appraised by the Expenditure Finance Committee (EFC) and approved by the Cabinet.
The PLI Scheme across these 10 key specific sectors will make Indian manufacturers globally competitive, attract investment in the areas of core competency and cutting-edge technology; ensure efficiencies; create economies of scale; enhance exports and make India an integral part of the global supply chain.