Is PLI working? Time to show data
India needs to study the impact of PLIs, adopt evidence-based policies and develop a vision for manufacturing or industrial growth
production linked incentive scheme
October 2024
December 2023
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43% of new applicants for white goods PLI from MSME sector
21 applicants have applied for manufacturing components of ACs with a committed investment of ₹3,679 crore and 18 applicants for components of LED Lights with a committed investment of ₹442 crore.
Govt approved 746 PLI applications till Nov
Beneficiary companies have set up units in more than 150 districts across 24 states.
Govt mulls another PLI scheme for batteries to reduce storage price
"The price of storage will come down only if you add volumes," says union minister RK Singh.
Chinese companies dominate solar equipment market, despite PLI
Adani Solar, in third position, is the only domestic manufacturer to feature in the top six solar module suppliers in India in 2022
Mobile phone makers only assembling in India under PLI scheme: Raghuram Rajan
India Cellular and Electronics Association (ICEA) last month said that mobile phone exports in India surpassed ₹90,000 crore in FY23 from ₹45,000 crore in FY22, mainly driven by the PLI scheme.
Civil aviation ministry disbursed ₹30 cr in FY23 under PLI schemes for drones, drone components
According to the ministry, the total incentive is ₹120 crore spread over three financial years. It is nearly double the combined turnover of all domestic drone manufacturers in FY2020-21.
Budget needs to focus on demand growth, PLI, Infra: Deloitte
Deloitte says the budget needs to lay emphasis on sustainable growth in demand, which will require efforts to create jobs and increase income generation opportunities.
Govt selects 42 companies under telecom PLI scheme
Of these 42 companies, 17 companies have applied for additional incentive of 1% under design-led manufacturing criteria, the ministry says in a statement.
Is PLI helping India's manufacturing?
It may be early to judge, but long years of past subsidies have made little difference; manufacturing's GDP share is stuck at 17-18% for 16 years while employment share has fallen to 10.9% in FY21.
