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domestic manufacturing The Production-Linked Incentive (PLI) scheme, launched to boost the activities, has attracted over Rs 45,000 crore of investment and has also created employment opportunities worth Rs 3 lakh crore. NITI Aayog’s Chief Executive Officer Parameswaran Iyer gave this information on Monday. The government had launched the PLI scheme in the year 2020 to increase manufacturing in 14 sectors with an allocation of around Rs 2 lakh crore. These sectors include vehicles and components, electronic products, pharmaceuticals, textiles, food products and specialty steel.
PLI results started showing
Iyer said that the PLI scheme has started showing results and so far Rs 800 crore has been given to these companies as incentives. He said, we are hopeful that by the end of March this incentive amount will reach Rs 3,000 to 4,000 crore. The CEO of NITI Aayog said, this scheme is proving to be effective. Already investments worth Rs 45,000 crore have come under this scheme. This has created three lakh jobs and production worth two lakh crore rupees has also been done.” Under this scheme, cash incentives are given to companies for three to five years on the gradual sale of products manufactured in India.
Preparing to expand to states
Under this scheme, the identified companies have to invest a minimum amount in India. To a question about the National Monetization Pipeline (NMP) programme, Aiyar said the scheme to lease and rent government assets is doing very well now and will be extended to the states as well.
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