1,300+ manufacturers have received Rs.9,721cr
The PLI Schemes for 14 key sectors with an outlay of Rs.1.97 lakh crore (over US$26 billion) has achieved exports worth Rs.4 lakh crore (US$48 billion) and production/sales of Rs.12.50 lakh crore (US$150 billion) since its approval by the cabinet on 11 Nov 2020.
It has also won investments of Rs.1.46 lakh crore (US$17.5 billion) and direct and indirect employment for 9.5 lakh individuals, the Ministry of Commerce and Industry said in a yearend review of trade.
Over 1,300 manufacturing units across 14 sectors have received Rs.9,721 crore incentives under the scheme https://www.bseindia.com/.
The 14 key sectors are: (1) Mobile Manufacturing and Specified Electronic Components, (2) Critical Key Starting materials/Drug Intermediaries & Active Pharmaceutical Ingredients, (3) Manufacturing of Medical Devices, (4) Automobiles and Auto Components, (5) Pharmaceuticals Drugs, (6) Specialty Steel, (7) Telecom & Networking Products, (8) Electronic/Technology Products, (9) White Goods (ACs and LEDs), (10) Food Products, (11) Textile Products: MMF segment and technical textiles, (12) High efficiency solar PV modules, (13) Advanced Chemistry Cell (ACC) Battery, and (14) Drones and Drone Components.
The PLI scheme is going to have a cascading effect on the country’s MSME ecosystem, said the ministry https://www.nseindia.com/.
The anchor units that will be built in every sector will require a new supplier base in the entire value chain. Most of these ancillary units will be built in the MSME sector, it said.
The 3rd Round of online application window opened which attracted 38 applicants with likely investment of Rs.4,121 crore under the Rs.6,238 crore PLI Scheme for White Goods (Acs and LED Lights), it said, citing an example https://www.makeinindia.com/home/.
The Rs.6,238 crore approved outlay is for FY 2021-22 to FY 2028-29, added the ministry. Domestic value addition is to increase from 20-25% to 75-80% at the end of the Scheme. Fiinews.com
