The Centre may extend the Production-Linked Incentive (PLIs) scheme to new areas including toys, bicycles, furniture and construction equipment soon, to support private investments and job creation.
"These PLI proposals are at various stages, but are likely to be cleared soon. Toys, bicycles and furniture are labour-intensive sectors with significant MSME presences,” a senior official told FE.
The proposed new PLI schemes would be accommodated under the existing incentive package of Rs 1.97 trillion announced for 14 sectors in ten years through 2030.
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