2023-08-11 11:06:03
It may be noted here that till March 2023, the government disbursed just Rs 2,900 crore out of Rs 3,400 crore claims received under the scheme.
As regards when the full corpus would be disbursed, Singh said it was difficult to tell as many factors come into play in this.
Savings from the scheme are being considered for other PLI schemes or for restructured PLI schemes, he added.
The sectors where the scheme is not picking up speed include high-efficiency solar PV modules, advanced chemistry cell (ACC) batteries, textile products and speciality steel. The ones where it has picked up speed include electronics, pharma, medical devices, telecom, food processing, and white goods.
Efforts are on to solve issues like timely processing of claims, visa-related matters where vendors require Chinese professionals’ expertise, and delay in getting environmental clearances that have been raised by the stakeholders of production-linked incentive (PLI) schemes.The PLI scheme was announced in 2021 for 14 sectors that included telecommunications, white goods, textiles, manufacturing of medical devices, automobiles, speciality steel, food products, high-efficiency solar PV modules, advanced chemistry cell battery, drones and pharma with an outlay of Rs 1.97 lakh crore.The scheme aims to attract investments in key sectors and cutting-edge technology; ensure efficiency and bring economies of size and scale in the manufacturing sector; and make Indian companies and manufacturers globally competitive.
These schemes for all 14 sectors have been notified by the concerned ministries/ departments following due approval. These schemes are currently in different stages of implementation. Out of the 733 applications selected under 14 sectors, 176 MSMEs are among the beneficiaries.
Rs 78,000 crore actual investments have already happened and “we have already generated sales of over Rs 6 lakh crore”, exports are boosted overall by Rs 2.6 lakh crore till 2022-23 adding regarding 4 lakh employment, news agency PTI quoted Singh as saying.
With PTI inputs
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