<p>New Delhi: The government is considering tweaking production linked incentive (PLI) schemes for certain sectors including textiles, food processing, and pharmaceuticals, a senior official said on Tuesday.</p>.<p>The official said that a Cabinet note is finalised to seek approval for the changes from the top authorities. The changes would help these sectors attract more players.</p>.<p>The scheme was announced in 2021 for 14 sectors, including telecommunication, white goods, textiles, manufacturing of medical devices, automobiles, speciality steel, food products, high-efficiency solar PV modules, advanced chemistry cell battery, drones and pharma with an outlay of Rs 1.97 lakh crore.</p>.<p>While certain sectors like electronics are doing well, others are not performing up to the mark.</p>.India seeks investment commitment from Switzerland under proposed EFTA trade pact.<p>The government has disbursed Rs 4,415 crore under PLI schemes for eight sectors, including electronics and pharma, till October this fiscal.</p>.<p>A total of Rs 1,515 crore was disbursed in FY24 till October, while it was Rs 2,900 crore in 2022-23, when payments under the scheme commenced.</p>.<p>The incentive amount was disbursed for large-scale electronics manufacturing, IT hardware, bulk drugs, medical devices, pharma, telecom, food processing, and drones.</p>.<p>The schemes aim to attract investments and cutting-edge technology in key sectors; ensure efficiency, bring economies of size and scale in the manufacturing sector and make Indian companies and manufacturers globally competitive.</p>
<p>New Delhi: The government is considering tweaking production linked incentive (PLI) schemes for certain sectors including textiles, food processing, and pharmaceuticals, a senior official said on Tuesday.</p>.<p>The official said that a Cabinet note is finalised to seek approval for the changes from the top authorities. The changes would help these sectors attract more players.</p>.<p>The scheme was announced in 2021 for 14 sectors, including telecommunication, white goods, textiles, manufacturing of medical devices, automobiles, speciality steel, food products, high-efficiency solar PV modules, advanced chemistry cell battery, drones and pharma with an outlay of Rs 1.97 lakh crore.</p>.<p>While certain sectors like electronics are doing well, others are not performing up to the mark.</p>.India seeks investment commitment from Switzerland under proposed EFTA trade pact.<p>The government has disbursed Rs 4,415 crore under PLI schemes for eight sectors, including electronics and pharma, till October this fiscal.</p>.<p>A total of Rs 1,515 crore was disbursed in FY24 till October, while it was Rs 2,900 crore in 2022-23, when payments under the scheme commenced.</p>.<p>The incentive amount was disbursed for large-scale electronics manufacturing, IT hardware, bulk drugs, medical devices, pharma, telecom, food processing, and drones.</p>.<p>The schemes aim to attract investments and cutting-edge technology in key sectors; ensure efficiency, bring economies of size and scale in the manufacturing sector and make Indian companies and manufacturers globally competitive.</p>