The Union Cabinet chaired by the Prime Minister, Shri Narendra Modi has given its approval to introduce the Production-Linked Incentive (PLI) Scheme in the following 10 key sectors for Enhancing India’s Manufacturing Capabilities and Enhancing Exports – Atmanirbhar Bharat.
Priority |
Sectors |
Implementing Ministry/Department |
Approved financial outlay over a five-year period Rs.crore |
|
Advance Chemistry Cell (ACC) Battery |
NITI Aayog and Department of Heavy Industries |
18100 |
|
Electronic/Technology Products |
Ministry of Electronics and Information Technology |
5000 |
|
Automobiles |
Department of Heavy Industries |
57042 |
|
Pharmaceuticals drugs |
Department of Pharmaceuticals |
15000 |
|
Telecom & Networking Products |
Department of Telecom |
12195 |
|
Textile Products: MMF segment and technical textiles |
Ministry of Textiles |
10683 |
|
Food Products |
Ministry of Food Processing Industries |
10900 |
|
High Efficiency Solar PV Modules |
Ministry of New and Renewable Energy |
4500 |
|
White Goods (ACs & LED) |
Department for Promotion of Industry and Internal Trade |
6238 |
|
Speciality Steel |
Ministry of Steel |
6322 |
Total |
145980 |
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. Savings, if any, from one PLI scheme of an approved sector can be utilized to fund that of another approved sector by the Empowered Group of Secretaries. Any new sector for PLI will require fresh approval of 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.
The above will be in addition to the already notified PLI schemes in the following sectors:
No. |
Sectors |
Implementing Ministry/Department |
Financial outlays Rs. crore |
|
Mobile Manufacturing and Specified Electronic Components |
MEITY |
40951 |
|
Critical Key Starting materials/Drug Intermediaries and Active Pharmaceutical Ingredients |
Department of Pharmaceuticals |
6940 |
|
Manufacturing of Medical Devices. |
3420 |
|
Total |
51311 |
The Prime Minister's clarion call for an 'AatmaNirbhar Bharat' envisages policies for the promotion of an efficient, equitable and resilient manufacturing sector in the country.Growth in production and exports of industrial goods will greatly expose the Indian industry to foreign competition and ideas, which will help in improving its capabilities to innovate further. Promotion of the manufacturing sector and creation of a conducive manufacturing ecosystem will not only enable integration with global supply chains but also establish backward linkages with the MSME sector in the country. It will lead to overall growth in the economy and create huge employment opportunities.
Sector Wise Product Lines
Sector |
|
Product Lines |
Advance Chemistry Cell (ACC) Battery Manufacturing |
|
ACC Batteries |
Electronic/Technology Products |
|
|
Automobile and Auto Components |
|
Automobile and Auto Components |
Pharmaceuticals |
Category 1
|
|
|
Category 2
Category 3
|
|
Telecom Products |
|
|
Textiles |
|
|
Food Processing |
|
|
Solar PV manufacturing |
Solar PVs |
|
White Goods |
|
|
Steel Products |
|
Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.