PLI Scheme to 10 key Sectors- The union cabinet headed by PM approved the introduction of the productive – Linked Incentives (PLI) scheme in 10 key sector under which businesses will get incentives worth over Rs 1.46 lakh crore in 5 years . The approval comes with an aim to enhance India’s manufacturing capabilities and enhance export under Atmanirbhar bharat .
Highlights
- The PLI scheme will be implemented by the concern union minister
- The scheme will be within the overall financial limits prescribed
- The PLI scheme across the 10, newly added , key specific sector will make Indian manufactures globally competitive
- The move also aim to attract investment in the areas of core competency and cutting edges technology. it will also ensure efficiencies , create economies of scale and enhance export and make India an integral part of the global supply chain
| Sectors | Implementing Ministry/Department | Approved financial outlay over a five-year period Rs. In crore |
|
Advance Chemistry Cell (ACC) Battery | NITI Aayog and Department of Heavy Industries | 18100 |
| Electronic/Technology Products | Ministry of Electronics and Information Technology | 5000 |
|
Automobiles & Auto Components | Department of Heavy Industries | 57042 |
| Pharmaceuticals drugs | Department of Pharmaceuticals | 15000 |
| Telecom & Networking Products | Department of Telecom | 12195 |
| Textile Products: MMF segment and technical textiles | Ministry of Textiles | 10683 |
| Food Products | Ministry of Food Processing Industries | 10900 |
| High Efficiency Solar PV Modules | Ministry of New and Renewable Energy | 4500 |
| White Goods (ACs & LED) | Department for Promotion of Industry and Internal Trade | 6238 |
| Speciality Steel | Ministry of Steel | 6322 |
| Total | 6322 |
The PLI scheme
across these 10 key specific sectors will make Indian manufacturers globallycompetitive, attract investment in the areas of core competency and cutting-edge technology; ensureefficiencies; create economies of scale; enhance exports and make India an integral part of the globalsupply chain.
- ACC battery manufacturing represents one of the largest economic opportunities of the twenty-first century for several global growth sectors, such as consumer electronics, electric vehicles, and renewable energy
- India is expected to have a USD 1 trillion digital economy by 2025. Additionally, the Government’s push for data localization, Internet of Things market in India, projects such as Smart City and Digital India are expected to increase the demand for electronic products.
- The above will be in addition to the already notified PLI schemes in the following sectors
Sector Wise Product Lines
| Sector | Product Lines |
| Advance Chemistry Cell(ACC) BatteryManufacturing | ACC Batteries |
| Electronic/TechnologyProducts | Semiconductor Fab Display Fab Laptop/ Note books Servers IoT Devices Specified Computer Hardware |
| Automobile and Auto Components | Automobile and Auto Components |
| Automobile and Auto Components | Category 1 Bio pharmaceuticals Complex generic drugs Patented drugs or drugs nearing patent expiry Cell based or gene therapy products Orphan drugs Special empty capsules Complex excipients Category 2 Active Pharma Ingredients (APIs) /Key Starting Intermediaries (Dls)Materials(KSMs) and /Drug Category 3 Repurposed DrugsAuto-immune drugs, Anti-cancer drugs, Anti diabetic drugs, Anti Infective drugs, Cardiovascular drugs,Psychotropic drugs and Anti-Retroviral drugsIn-vitro Diagnostic Devices (IVDs) Phyto pharmaceuticals Other drugs not manufactured in India Other drugs as approved |
| Telecom Products | Core Transmission Equipment 4G/5G, Next Generation Radio Access Network and Wireless Equipment Access & (IoT) Access Devices and Other Wireless Equipment Customer Premises Equipment (CPE), Internet of Things Enterprise equipment: Switches, Router |
| Textiles | Man-Made Fiber Segment Technical Textiles |
| Food Processing | Ready to Eat / Ready to Cook (RTE/ RTC) Marine Products Fruits & Vegetables Honey Desi Ghee Mozzarella Cheese Organic eggs and poultry meat |
| Solar PV manufacturing | Solar PVs |
| White Goods | Air conditioners LED |
| Steel Products | Coated Steel High Strength Steel Steel Rails All Steel Bars & Rods |
