NEW DELHI : Centre has no plan to introduce production linked incentive (PLI) schemes in any new sector at the moment. PLI has already been deployed in 14 sectors. Instead, it will tweak some existing schemes to make them more attractive and industry friendly, Rajesh Kumar Singh, secretary, Department for Promotion of Industry and Internal Trade (DPIIT) was quoted, while speaking on the sidelines of the 27th World Investment Conference in New Delhi.

“The government would prefer to see how these 14 sectors do. The plan is to let them all stabilise and do well, and consider more sectors thereafter. But at the moment, there are no plans or consultations for any new PLI schemes,” he explains. 

With an overall outlay of ₹1.97 lakh crore (over $26 billion), the scheme intends to enhance India’s manufacturing capabilities and self-reliance and exports.

Singh says the PLI scheme has been a runaway success for some sectors while most others are picking up. “Mobile manufacturing has led to a lot of increase in exports and sales within the country. PLI schemes for pharmaceutical and food processing sectors are doing reasonably well. Schemes like the one for white goods are still in the gestation period. We are confident about these sectors because the investment has come in,” he says.

On the plans to tweak some of the existing schemes, Singh says: “Consultation process is on. Textile and pharma are two such sectors. It is not because they are not attractive at the moment, but because there is a need for some flexibility in timelines, in terms of product lines and things like that,” he says.

Disclaimer: This information has been collected through secondary research and Daily Shipping Times is not responsible for any errors in the same.