No proposal at present to include toy industry under PLI scheme: Government

MoS Som Prakash said the government has taken a series of steps such as raising Basic Custom Duty on toys to 60 per cent in order to increase domestic production and reduce the imports of toys.

Published: 11th February 2022 05:29 PM  |   Last Updated: 11th February 2022 05:29 PM   |  A+A-

Image used for representation (File Photo | AP)

By PTI

NEW DELHI: There is no proposal at present with the government to include the toy industry under the Production Linked Incentive (PLI) scheme, though it is providing all-round support to the sector to make it more competitive, Parliament was informed on Friday.

The government has taken a series of steps such as raising Basic Custom Duty (BCD) on toys to 60 per cent in order to increase the domestic production and reduce the imports of toys, Minister of State for Commerce and Industry Som Parkash said in a written reply to the Rajya Sabha.

"There is no such proposal with the government to include the toy industry under the PLI scheme at present," he said.

The objective of the scheme is to make domestic manufacturing globally competitive and to create global champions in manufacturing.

In a separate reply to a question on exports, Minister of State for Commerce and Industry Anupriya Patel said the exports by IT/ITeS units in Special Economic Zones (SEZ) for 2020-21 were Rs 5.1 lakh crore.

Currently, there are 425 formally approved SEZs in the country and as of date, 376 are notified and 268 are operational.

SEZs are primarily private investment-driven initiatives.

"The delay in setting up and operationalizing SEZs could be attributed to several reasons including adverse business climate due to changed global economic situation, changes in fiscal incentives, etc," Patel said in a separate reply.

As per SEZ law, any goods removed from the region to the Domestic Tariff Area (DTA) attracts customs duties including anti-dumping, countervailing and safeguard duties under the Customs act, 1975.

On a question related to the sugar sector at the World Trade Organisation, she said India has appealed against the WTO's dispute panel report on the grounds that the panel's findings are unreasonable, undermine logic and rationale and are not supported by the organization's rules.

Australia, Brazil and Guatemala filed a dispute challenging certain schemes of India for its sugar and sugarcane sector, before the WTO.

The Department of Commerce submits notifications to WTO after carrying out due diligence on the information collected from various sources, she said.

Export subsidy notification requires detailed consultation with relevant stakeholders, both at the central and state levels, she added.



Comments

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp