Breaking News: PLI scheme’s progress slows in key sectors, affecting manufacturing goals | News – Business Standard
Investment in important sectors identified to spur domestic manufacturing under the flagship Production-Linked Incentive (PLI) scheme of the Centre is slowing just a year after their launch.
Investment growth is “significantly slow” in textiles, information technology hardware, and speciality steel this financial year, according to a review report by an inter-ministerial panel which does periodical stocktaking of the scheme.
The government was hoping to see investment worth Rs 49,682 crore in FY24. Of this, 61.8 per cent or over Rs 30,695 crore has been made in all the 14 sectors during the first nine months this financial year.
Apart from the above-mentioned three sectors, progress has been slow in the case of medical devices, automobile and auto components,...
