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Exclusive | Seven sectors may get Rs 35,000 crore in next PLI round

Bicycles, leather, toys, and containers may be included. The government is studying representations from other industries, and more may be brought under the PLI scheme subsequently

October 16, 2022 / 06:42 AM IST
The pharma sector is also likely to get an additional allotment of Rs 2,500 crore. This may be focused on inputs required for vaccine production

The pharma sector is also likely to get an additional allotment of Rs 2,500 crore. This may be focused on inputs required for vaccine production

Seven sectors, including bicycles, leather & footwear, toys and containers, may get Rs 35,000 crore under the next round of the Production Linked Incentive (PLI) scheme, sources have said. The proposal is at the final stage and will be sent to the Cabinet soon, sources added.

After a huge response to its PLI schemes for other sectors, the government is planning to add five more sectors and increase the allocation for two existing ones under this scheme. The five sectors which are likely to be included are toys, bicycles, leather & footwear, critical intermediates for chemicals, and containers.

PLI 1510_001

Among the new sectors, critical intermediates for chemicals is likely to get the maximum allocation of Rs 5,000 crore. This is over and above the earlier PLI scheme for the chemical sector. This incentive will be focussed on chemicals which are strategic in nature and which India mostly imports.