THE PRODUCTION-LINKED INCENTIVE (PLI) schemes, unveiled by the government in 2020 to boost domestic manufacturing in assorted areas, have resulted in additional (above-trend) investments of ₹62,500 crore, the government said on Tuesday. These investments facilitated incremental production of ₹6.75 trillion and exports of 2.6 trillion till 2022-23, it added.
Incentives worth ₹2,900 crore have been disbursed so far under eight of the 14 schemes rolled out so far, against claims of ₹3,400 crore. The release of the funds is expected to pick up pace in all sectors soon, as the beneficiaries reach the milestones of incremental production.
Unveiling the data, Rajesh Kumar Singh, secretary, department for promotion of industry and internal trade (DPIIT), said the government is considering bringing sectors like toys, parts of new age bicycles and leather and footwear under PLI, but added that no additional funds would be needed for these inclusions. "They (more PLI schemes) all are at different stages of consideration," he said.
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