New Delhi: Intelligence by initial experience with the production-linked incentive (PLI) scheme, the government is now looking at a more comprehensive approach to the champion areas, which is completed with a package for input, skilling and other aspects.
Sources in the government told TOI that under the PLI scheme, the pitching ministries for new areas have been asked to return to the drawing board and go back to the scheme, taking a 360 degree scene.
Footwear, toys, textiles and special chemicals were one of the hosts of areas that were being included under the scheme that aims to develop a large production base within the country to meet domestic and export demand. In its share, Govt provides encouragement when there is an annual increase in production according to the goals.
Mobile phones have been the biggest success story in 14 areas where PLI was launched as part of the government five years ago. Atama Neer Bhara Bharat initiativeWhile the production of phone and related goods has increased, a large part of its seller Aadhaar has been introduced in India with the choice of Apple, the import of components from China continues without stopping, and only has increased.
Based on learning, the new component plan was approved by the Union Cabinet on Friday.
Officials said a uniform approach to new areas is being considered. For example, in terms of footwear, while global giants want to enhance sourcing from India to de-raise their production, but they find that the necessary inputs are unavailable, for which they have to rely again.
Many players are also trying to get some of their vendors to set up shops in India to have complete ecosystems, and coordination helps in low cost.
The twice’s discussion at the highest level means that some new areas may require to increase the allocation which includes against earlier evaluation that “surplus” or “untreated” funds can be used from Rs 1.97 lakh crore allocated to 14 areas covered by PLI.
