Government working on PLI schemes for more products to boost manufacturing: Mr. Goyal

In order to increase manufacturing in India, the government is developing more production-linked incentive (PLI) schemes for a variety of goods, according to Minister of Commerce and Industry, Consumer Affairs, Food and Public Distribution and Textiles, Mr. Piyush Goyal.

"We are dedicated to turning India into a centre of manufacturing. In addition to the PLI programme for semiconductors, we have announced PLI schemes for 14 other industries, totaling between Rs. 2.7-3 trillion (US$ 33.83-37.59 billion). In other fields, we are prepared to take on more responsibility. We are already working on a few PLI schemes should there be a need", Mr. Goyal said at a FICCI-organized business event.

The government has launched PLI schemes for 15 important industries, including technology, textiles, automobiles, pharmaceuticals, specialty steel, and electronics. The majority of these programmes have received notification and are in various phases of implementation.

He emphasised that every Indian-made commodity must be of the highest quality and urged the manufacturers to abandon the idea that there are distinct standards for local and foreign markets.

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