The Government has finalised cabinet notes on production linked incentive (PLI) scheme for laptops, tablets and electronic products along with advanced chemistry cell batteries and pharmaceutical drugs and has been sent for the Union Cabinet’s consideration. The inter-ministerial consultation is underway on the draft cabinet note for the PLI schemes like the textile sector, LEDs and air conditioners, solar modules and food processing.

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The committee of the secretaries working on attracting investment in India are discussing the textile ministry’s proposals to do away with certain anti-dumping duties on raw materials and the rationalisation of inverted duty structure to promote the PLI scheme meant for the sector.

The food ministry is of the view that PLI should be brought in for all levels of processing. Even the steel ministry has sought to include third parties for speciality steel manufacturing in a bid to include technology-led foreign companies.

Meanwhile, the Ministry of Commerce is working with all the ministries that are part of the PLI scheme to ensure that the scheme is compliant with the World Trade Organisation rules.

The government aims to implement all PLI schemes starting April 1 in FY22. The government has approved Rs 5,000 crore for manufacturing of Laptops, tablets and electronic products, Rs 18,100 crore for advanced chemistry cell batteries, Rs 15,000 crore for pharmaceutical drugs, Rs 10,683 crore for textile, Rs 10,900 crore for food processing, Rs 6,238 crore for LEDs & air conditioners and Rs 4,500 crore for solar modules under the PLI scheme.

(Edited by : Ajay Vaishnav)

First Published:Feb 24, 2021 11:49 AM IST