PLI Scheme

PLI Scheme

The Union Cabinet chaired by the Prime Minister, Shri Narendra Modi has given its approval to introduce the Production-Linked Incentive (PLI) Scheme, the government will incentivise domestic production in 10 areas to begin with. These include battery storage, solar PV modules, electronics (laptop, server, IoT devices, specified computer hardware), automobile and auto components, telecom and networking products, textiles, food processing, speciality steel and white goods (air conditioners and LED).

Apart from these, large scale electronic manufacturing (mobile phones), pharmaceutical drugs and medical devices, which already have an approved PLI scheme, would be provided full budgetary allocation for next five years for Enhancing India’s Manufacturing Capabilities and Enhancing Exports – Atmanirbhar Bharat.