PLI scheme bags Rs 45,000 crore investment creating 3 lakh jobs
As per NITI Aayog CEO Parameswaran Iyer, India's production-linked incentive (PLI) scheme has gained investment worth over Rs 45,000 crore and has also created three lakh jobs. The government has introduced the scheme with an outlay of about Rs 2 lakh crore for as many as 14 sectors, including automobiles and auto components, white goods, pharma, textiles, food products, high efficiency solar PV modules, advanced chemistry cell and speciality steel.
Iyer said the scheme has started showing its results. "We are expecting (incentives) to go close to ₹3,000 crore to ₹4,000 core before March," he said.
The PLI scheme offers a cash incentive for three to five years on the incremental sale of goods manufactured in India over-determined base-year sales. Additionally, the identified beneficiaries are required to commit to a certain minimum investment in India.
Iyer said, "(In budget documents) All signals are that the asset monetisation programme, which is actually bringing in private capital, is continuing and now it will be taken down to the states".
In 2021-22, the government surpassed the programme's first-year target of ₹88,000 crore by completing transactions worth ₹1 lakh crore, while the current fiscal year's asset monetisation target is ₹1,62,422 crore.
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