Production Linked Incentive(PLI)

India is on the crossroads to establish itself as a major investment destination to become a Imanufacturing hub for the world. To further strengthen its position, on 11 November 2020, the Union Cabinet has announced that the Production Linked Incentive scheme worth up to Rs 1.46 lakh crore for 10 key sectors in a bid to boost India's manufacturing capabilities and enhancing exports.

The scheme will make Indian manufacturers globally competitive, attract investment in the areas of core competency and cutting-edge technology; ensure efficiencies; create economies of scale; enhance exports and make India an integral part of the global supply chain.

We believe that the PLI scheme for 10 sectors will act as a much-needed catalyst to make the sector cost competitive, in turn making themselves as Global Champions for both Domestic and Global markets and build on the Government's initiative on “Atmanirbhar Bharat”

ASSOCHAM is a proud partner of Government of India's push for nation building through the 'Make in India' initiative. As India makes this quantum jump, we propose to conduct sectoral stakeholder consultations between the Government and the Industry over the period of next 2 to 3 months (Jan-Mar'2021) and submit our recommendations to the respective esteemed implementation bodies as mentioned above.