Production-Linked Incentive News

The Cabinet had on April 7, 2021 given approval for the PLI scheme for white goods for manufacture of components and sub-assemblies of ACs and LED lights. The scheme is to be implemented over a seven-year period, from 2021-22 to 2028-29. The total outlay is Rs 6,238 crore and 42 applicants have committed investments of Rs 4,614 crore, so there is still over Rs 1,600 crore in the reserves.

Telecom gear makers firms such as Ericsson and Nokia are keen to expand their operations in India, and global companies like Samsung, Cisco, Ciena and Foxconn have "shown interest" to set up manufacturing bases in the country for telecom and networking products for domestic and export markets. The DoT notified the PLI scheme for telecom and networking products on February 24, 2021, with a financial outlay of Rs 12,195 crore, over five years. The scheme for telecom gear manufacturing in India is expected to encourage the production of equipment worth Rs 2.44 lakh crore and create direct and indirect employment for about 40,000 people.

PLI scheme to be implemented by the concerned ministries. Scheme to be within the overall financial limits prescribed. Any new sector for PLI will require fresh approval of the Cabinet.