Govt may reopen windows for key PLI schemes:
The move follows the realisation that the reason these global companies haven’t joined the scheme is the mismatch ...
indianexpress.com/article/business/govt-key-pli-schemes-tech-manufacturing-8678803/
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Government Considers Reopening Windows for PLI SchemesReopening incentive schemes aims to attract global firms deterred by short application periods and complex rules.
Key FactsJun 22, 2023 · Reading time: ~45 sec.
Summary created with AI assistance · Source: indianexpress.com
Summary created with AI assistance · Source: indianexpress.com
- The government is planning to reopen application windows for several production-linked incentive (PLI) programs.
- Global companies have largely refrained from joining due to short scheme durations not aligning with lengthy corporate decision timelines.
- Investor interest in PLI remains strong, but complicated eligibility criteria and procedures discourage participation.
- Authorities are considering simplifying the guidelines and application processes to boost enrollment among major manufacturers.
"Big players in most of the PLI schemes have not (joined the scheme) as we closed entry too early. Those who have come are mostly second-rate companies that are unable to create the manufacturing ecosystem," a senior official told FE, on condition of anonymity.— A senior official told Financial Express (FE), on condition of anonymity.
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