The PLI Schemes for Pharma, Textiles, and Drones may soon be tweaked by the Central Government.
Key Highlights
- PLI Scheme for Pharma may be extended further.
- The outlay of the PLI Scheme for Drones may be increased.
- New components to be added to PLI Scheme for Textiles.
The Central Government is pondering over tweaking 3 Production-linked Incentive schemes, according to a report by the PTI.
The government may soon modify the PLI Scheme for Pharmaceuticals, the PLI Scheme for Textiles, and the PLI Scheme for Drones and Drone Components.
According to sources privy to the news portal, the PLI schemes were selected out of the 14 PLI Schemes after deliberations on an inter-ministerial level.
On the proposed changes, an official revealed to a national daily that the government is thinking of increasing the outlay of the PLI Scheme for Drones, given the response received.
The same source revealed to the daily that new components would be added in the PLI Scheme for Textiles, while the PLI Scheme for Pharma would be extended further and sent to the Cabinet for approval.
Earlier changes in the PLI schemes for Pharma, Textiles, and Drones
The government had earlier extended the deadline for submitting fresh applications under the PLI Scheme for Textiles for three components- MMF Apparel, MMF Fabrics, and articles made of technical textiles.
Similarly, the government had also modified the PLI Scheme for Pharma with several changes in the rules like amendments in the minimum annual production capacity for selected products and removing the restriction of domestic sales along with a tweak in the phrasing of the rules to allow for efficient utilisation of capital.
The PLI Scheme for Drones and Drone Components was launched by the Ministry of Civil Aviation in September 2021 with a corpus of INR 120 crores, with the minimum value addition kept at 40% of the net sales of drones and drone components instead of the 50% as prescribed under other PLI Schemes.
