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Inadequate planning

PLI schemes are being spread across too many sectors

Topics
PLI scheme | manufacturing  | Indian Economy

Business Standard Editorial Comment  |  New Delhi 



The Union government’s production-linked incentive (PLI) schemes for various sectors are gathering momentum. It has been reported that 25 companies, including Nokia and Dixon Technologies, have registered for the telecom hardware PLI scheme, which is worth over Rs 12,000 crore and in which incentives are available for incremental sales up to 20 times what has been invested. Incentives from 4 to 15 per cent will also be available under the for the steel sector, costing Rs 6,300 crore and expected to be approved shortly by the Union Cabinet. And the scheme for advanced chemistry cell batteries — especially lithium-ion batteries — has also been notified, and is expected to cost Rs 18,000 crore, attracting an interest from Exide, Amara Raja Batteries, and Reliance Industries, among others.

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First Published: Mon, June 28 2021. 00:23 IST

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