Govt To Soon Review Eligibility Criteria Under PLI Schemes
Date
3/17/2023 2:10:36 PM
(MENAFN- KNN India)
Govt to soon review eligibility criteria under PLI schemes New Delhi, Mar 17 (KNN) The Indian government will soon review the eligibility criteria under a few of the production-linked incentives (PLI) schemes to see if the terms are constraining investments, sources told CNBC-TV18 on March 17.
According to the sources, the government is assessing whether the price caps in some PLI schemes are a hurdle to manufacturing growth and whether eligibility criteria should only have an incentive cap and not a price cap.
Currently, a review of 14 PLI schemes is underway across ministries. Centre is also considering whether the investment targets mentioned in some PLI schemes are realistic.
As per reports, Officials are assessing how original equipment manufacturers (OEMs) are making future investments in the PLI targeted sectors without claiming incentives.
Production Linked Incentive, or PLI, scheme of the Government of India is a form of performance-linked incentive to give companies incentives on incremental sales from products manufactured in domestic units.
It is aimed at boosting the manufacturing sector and to reduce imports.
(KNN Bureau)
MENAFN17032023000155011030ID1105805237
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.