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PLI review 5 years on | On Govt table: PLI 2.0, what next to push manufacturing

News Snapshot:

With the Production-Linked Incentive (PLI) scheme gaining traction in its first phase, the government is considering if incentives should be linked to metrics beyond incremental sales such as domestic value addition and incremental exports. According to sources aware of discussions at the inter-ministerial level, no final decision has been taken. Since its launch in April 2020, the PLI scheme covers 14 sectors as of now. It has helped India achieve scale in manufacturing by attracting OEMs (original equipment manufacturers) as well as contract manufacturers in designated sectors. It has also contributed to limited value addition is segments such as surface…

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