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Piyush Goyal chairs first cross-sectoral workshop on incentives for PLI

New Delhi Commerce and industry minister Piyush Goyal chaired the first cross-sectoral workshop on the 14 production-linked incentives PLI programs to take feedback on the ambitious programme. Low disbursements and fund utilisation were also taken up, sources said. Representatives of ITC Dabur, ITC Dabur, Tata Steel, Dell, sienna helathcare, biocon Tata motors Mahindra Mahindra, Samsung and ITC Dabur also participated in the meeting besides Niti Aayog. Companies raised policy related issues and technical problems, which were clarificationd by the various departments. Various line ministers were asked to resolve the problem of thebeneficiaries of the scheme. The government will take them up at the appropriate levels, the official said. More than 150 people attended the meeting, and there were five beneficiaries from each of the PLI scheme sectors. The government received feedback from industry and other government departments on the challenges being faced by PLIbeneficiaries, the official said. Large scale electronics, telecom, pharmaceuticals, food processing, white goods, and auto and auto components have emerged, but Advanced Chemistry Cell ACC Battery, textile products, and Specialty steel are lagging behind. The government has paid 2,874 crore to beneficiaries in eight sectors, according to the Department for Promotion of Industry and Internal Trade. PMAs - Energy Development Bank of India IFCI Small Industries Development Bank of India Sidbi Metallurgical and Engineering Consultants MECON Solar Energy Development Agency IREDA and Solar Energy Corporation of India SECI also participated in the project. The Centre has allocated Rs. 1.97 lakh for the 14 sectors, such as telecom, textile, automobile, white goods, and pharmaceutical drugs.

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6 Comments

Avatar of AZUK00

AZUK00

The PLI schemes promote a “race to the bottom” approach, where companies compete for the lowest cost instead of focusing on innovation and quality.

Avatar of Eugene Alta

Eugene Alta

There is a lack of transparency in the allocation of funds and selection of beneficiaries.

Avatar of KittyKat

KittyKat

The PLI schemes are susceptible to corruption and favoritism, as there is no independent oversight mechanism.

Avatar of Eugene Alta

Eugene Alta

The PLI schemes may create a dependency on foreign investment, which can be risky in the long term.

Avatar of KittyKat

KittyKat

The PLI schemes may lead to environmental degradation, as companies may not prioritize sustainable practices.

Avatar of Shrilanka

Shrilanka

The government has not provided adequate resources for the proper implementation of the PLI schemes.

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