According to industry sources, the government is considering proposals to extend Rs 350 billion production linked incentive (PLI) scheme to include certain telecom products with an aim to boost domestic manufacturing and create jobs.
In addition to telecom, the benefits are being considered for sectors such as leather, bicycle, some vaccine materials, toys, some chemicals and shipping containers.
To this end, inter-ministerial talks are reportedly going on to extend PLI benefits to all these different sectors as there has been demand from industry and certain departments. However, the proposals are at discussion stage.
The government has already rolled out the scheme with an outlay of about Rs 2 trillion for as many as 14 sectors, including automobiles and auto components, white goods, pharma, textiles, food products, high efficiency solar PV modules, advance chemistry cell and speciality steel. The PLI scheme is also aimed at making Indian manufacturers globally competitive, attracting investment in the areas of core competency and cutting-edge technology; ensuring efficiencies; creating economies of scale; enhancing exports and make India an integral part of the global supply chain.
