Production boost: PLI schemes ‘course correction’ likely in some sectors

The Centre will weigh in on the move to ‘course correct’ as regards production-linked incentive (PLI) schemes in sectors that have seen little progress, government officials said on Tuesday. The government will take a call by the end of 2023-24 (FY24), helping lift the haze on it.

According to data collated by the Department for Promotion of Industry and Internal Trade (DPIIT), incentives have been given to PLI beneficiaries in eight of the 14 sectors — mobile manufacturing, information technology (IT) hardware, pharmaceutical drug, bulk drug, medical device, telecommunications, food product, and drone.