Major achievements in PLI being implemented: The scheme extends an incentive of 4% to 6% on incremental sales for a period of five years subsequent to the base year.MeitY - Mobile Manufacturing and Specified Electronic Components.Status of Previously Notified PLI Schemes (3) is given below:.D/o Pharmaceuticals: Manufacturing of Medical Devices –14 applications are approved with committed investment of Rs.D/o Pharmaceuticals : Critical Key Starting materials/Drug Intermediaries and Active Pharmaceutical Ingredients –47 applications with committed investment of Rs.35,541 crore under this scheme have been approved. MeitY: Mobile Manufacturing and Specified Electronic Components –ġ6 applications worth Rs.It is to be noted that of the previously notified 3 PLI Schemes, the update on their implementation is as below: Textile Products: MMF segment and technical textiles – M/o Textiles.Advance Chemistry Cell (ACC) Battery – D/o Heavy Industry.Automobiles & Auto Components – D/o Heavy Industry.

High Efficiency Solar PV Modules - MNREĪnother four Schemes are in process of obtaining Cabinet approval as below:.

Food Products - Ministry of Food Processing Industries.

Telecom & Networking Products - D/o Telecommunications (notified on ).

Pharmaceuticals drugs – D/o Pharmaceuticals (notified on 3 March 2021).

Electronic/Technology Products – MeitY (notified on 3 March 2021).

Of these, the previous three Schemes have been notified, and six of the ten New Schemes havealso been approved by the Cabinet as below: The first three PLI Schemes were approved earlier in March, 2020 and these were followed by another 10 New PLI Schemes in November, 2020. They have been specifically designed to boost domestic manufacturing in sunrise and strategic sectors, curb cheaper imports and reduce import bills, improve cost competitiveness of domestically manufactured goods, and enhance domestic capacity and exports. Thestrategy behind schemeis to offer companies incentives on incremental sales from products manufactured in India, over the base year. PLI Schemes are a cornerstone of the Government’s push for achieving an Atmanirbhar Bharat.The objective is to make domestic manufacturing globally competitive and to create global Champions in manufacturing. This means that minimum production in India as a result of PLI Schemes is expected to be over US$ 500 billion in 5 years. In the Union Budget 2021-22, presented on 1st February 2021, the Finance Minister announced an outlay of INR 1.97 Lakh Crores for the Production-Linked Incentive (PLI) Schemes for 13 key sectors, to create national manufacturing champions and generate employment opportunities for the country’s youth.

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