Secretary of the Department for Promotion of Industry and Internal Trade (DPIIT) Rajesh Kumar Singh has confirmed that the proposed Production-Linked Incentive (PLI) schemes for components of new-age e-bikes and footwear are in advanced stages, although no specific timeline for implementation has been set yet.

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Singh said that India's aim of achieving a 50 percent local value addition in mobile manufacturing, a significant increase from the current 20 percent level, will be a fair target. Comparatively, he pointed out that Vietnam has an 18 percent local value addition in mobile manufacturing, while China, after three decades of mobile manufacturing, stands at 49 percent.

DPIIT is starting to process some applications for white goods, while expecting the revised scheme for IT hardware to gain momentum. However, the Secretary of DPIIT clarified that there are no plans for a separate PLI scheme dedicated to semiconductors, and the Ministry of Electronics and Information Technology (MEITY)'s scheme for semiconductors comprises more of non-PLI incentives.

Regarding market access, DPIIT is eagerly awaiting the finalisation of numerous Free Trade Agreements (FTAs) to facilitate greater market access for various product lines, the Secretary said, there is no plan to extend the outlay and period of the current PLI schemes.

Stating that there's no cause for concern due to the lag in PLI disbursements as projects are underway on ground, he assured that the sum total of Rs. 1.97 lakh crores allocated for PLI will be mostly spent, though individual schemes may need some course correction.

While the PLI schemes for large-scale electronics and pharmaceuticals have witnessed significant impact and progress, the uptake has been relatively lower in smaller sectors such as drones, he added.