The finance minister announced an outlay of ₹1.97 lakh crore under its PLI scheme for 13 sectors
Employees work on an assembly line in the mobile phone plant of Rising Stars Mobile India Pvt., a unit of Foxconn Technology Co., in Sriperumbudur, Tamil Nadu, India, on Friday, July 12, 2019.
Image: Karen Dias/Bloomberg via Getty Images
The government’s Production-Linked Incentive (PLI) scheme, implemented to boost manufacturing within India, will now cover a total of 13 sectors with an outlay of ₹1.97 lakh crore over five years, starting financial year 2021-22. However, Minister of Finance Nirmala Sitharaman did not specify which the 13 sectors are.
Based on the Economic Survey 2020-21, and PLI scheme announcements made by the government over the course of 2020, it is possible that the 13 sectors are manufacturing of mobiles and specified electronic components (₹40,951 crore), critical key starting materials/drug intermediaries and active pharmaceutical ingredients (API) (₹6,940 crore), medical devices (₹7,420 crore), advanced chemistry cell (ACC) battery (₹18,100 crore), electronic/technology products (₹5,000 crore), automobile and auto components (₹57,042 crore), pharmaceutical drugs (₹15,000 crore), telecom and networking products (₹12,195 crore), textile products (₹10,683 crore), food products (₹10,900 crore), high efficiency solar photovoltaic modules (₹4,500 crore), white goods (ACs and LEDs) (₹6,238 crore) and specialty steel (₹6,322 crore).