PLI scheme in 10 main sectors; key details

The Production-Linked Incentive (PLI) Scheme is meant for enhancing India's manufacturing capabilities and enhancing exports. The final proposals of PLI for individual sectors will be appraised by the Expenditure Finance Committee (EFC) and approved by the Cabinet.

SHIVANI SHARMA, PRAGATI SRIVASTAVA

ACC battery manufacturing represents one of the largest economic opportunities for several sectors, such as consumer electronics, electric vehicles, and renewable energy. The PLI scheme for ACC battery will incentivise large domestic and international players in establishing a competitive ACC battery set-up in the country.

Digital India is expected to increase the demand for electronic products. The PLI scheme will boost the production of electronic products in India.

The automotive industry is a major economic contributor in India. The PLI scheme will make the Indian automotive Industry more competitive and enhance globalisation of the Indian automotive sector.

Indian pharmaceutical industry is the third-largest in the world by volume and 14th largest in terms of value. The PLI scheme will incentivise the global and domestic players to engage in high-value production.

The PLI scheme is expected to attract large investments from global players and help domestic companies seize emerging opportunities and become big players in the export market.

The Indian textile industry is one of the largest in the world and has a share of 5% of global exports in textiles and apparel. The PLI scheme will attract large investment in the sector to further boost domestic manufacturing, especially in the MMF segment and technical textiles.

The growth of the processed food industry leads to better prices for farmers and reduces high levels of wastage. Specific product lines having high growth potential and capabilities to generate medium- to large-scale employment have been identified for providing support through PLI scheme.

A focused PLI scheme for solar PV modules will incentivise domestic and global players to build large-scale solar PV capacity in India and help India leapfrog in capturing the global value chains for solar PV manufacturing

White goods (air conditioners and LEDs) have a very high potential of domestic value addition and making these products globally competitive. A PLI scheme for the sector will lead to more domestic manufacturing, generation of jobs and increased exports.

Steel is a strategically important industry and India is the world's second-largest steel producer in the world. PLI scheme in Specialty Steel will help in enhancing manufacturing capabilities for value-added steel leading to an increase in total exports.