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Govt likely to tweak PLI schemes for pharma, textiles

Wednesday, 20 Sep 2023
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The government is likely to tweak the production-linked incentive (PLI) scheme for pharmaceuticals, drones and textiles sectors soon. The changes include extending time, such as in the pharma sector, and adding additional products in some sectors.

These sectors have been identified after inter-ministerial consultations on the performance of the scheme for various products, and will be forwarded to seek approval of the Union Cabinet. In textiles, it intends to expand the definition of certain other products in the technical textiles segment, and in drones, the focus is on increasing the amount, as the PLI scheme has allocated Rs 120 crore for drones and drone components.

Meanwhile, the scheme is performing well in sectors such as electronics, medical devices, telecom, white goods. The disbursement of PLI for white goods (AC and LED lights) would start this month and push the amount of Rs 2,900 crore till March, 2023. The schemes for all 14 sectors are in various stages of implementation.

The government is also in the midst of sorting out issues such as timely processing of claims, visa-related matters, and delay in getting environmental clearances.

The Union government is expected to lay out Rs 13,000 crore to firms seeking benefits under the PLI scheme. 

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