The Indian government has prioritised the existing Production-Linked Incentive (PLI) schemes for 14 sectors. According to a top official from the Department for Promotion of Industry and Internal Trade (DPIIT), it will not incorporate new sectors like toys into the program.
Secretary Rajesh Kumar Singh stated that the PLI schemes for pharmaceuticals, white goods, and electronics sectors have been performing well and are currently the main focus. Singh emphasised the need to ensure that these existing schemes are effectively implemented before considering the addition of new sectors.
Previously, the government had planned to extend the PLI scheme to sectors including leather, toys, and e-bikes to utilise the remaining funds allocated for the initial 14 sectors. The PLI scheme was launched in 2021 with a budget of Rs 1.97 lakh crore and covered sectors like telecommunications, textiles, medical devices, automobiles, and more.
Singh also mentioned that a third-party assessment of the PLI scheme for white goods, including air conditioners and LED lights, is being undertaken by the Arun Jaitley National Institute of Financial Management (AJNIFM). This assessment aims to evaluate the scheme’s effectiveness and determine if any adjustments are necessary.
Singh highlighted that similar evaluations are being conducted for other government initiatives, such as industrial corridors, to gauge their impact and identify measurable outcomes.
