The government intends to roll out production linked incentive (PLI) scheme for more labour-intensive sectors such as toys, leather and footwear. These are the segments with a lot of potential in domestic as well as export markets.
Department for Promotion of Industry and Internal Trade (DPIIT) secretary Rajesh Kumar Singh said that the PLI scheme is showing significant dividends across many sectors. The intention is to also roll out this PLI scheme for more labour-intensive sectors such as toys, leather and footwear and other such sectors where employment benefits will be more significant.
It is worth mentioning here that Government has so far announced PLI schemes for 14 sectors including textiles, electronics, white goods, and pharma with an outlay of Rs. 1.97 lakh crore to boost domestic manufacturing and exports.
As the PLI scheme is getting good response from various industries, Government has a thrust on the same and Union Cabinet has also approved Rs. 17,000 crore PLI Scheme for IT hardware segment.
Indian textile and apparel industry is also demanding PLI 2.0 and expects that it will cover more segments and benefit comparatively medium-level companies also.
