The government last year approved the PLI scheme for 13 sectors with a total outlay of nearly Rs 2 lakh crore over a five-year period.
DPIIT notifies PLI scheme for ACs, LED lights; mere assembly of finished goods won't be incentivised
It said that mere assembly of finished goods would not be incentivised and companies investing in basic/core components would get a higher priority.
Addressing a webinar, Modi said that the government is continuously carrying out reforms to boost domestic manufacturing.
The Scheme, which will be implemented from April 1, 2021, is also expected to attract foreign direct investment of more than of Rs 3,000 crore
nion Minister of Electronics and Information Technology Ravi Shankar Prasad said that PLI scheme for telecom products will be implemented from April 1.
The government in October had cleared 16 proposals from domestic and international companies entailing investment of Rs 11,000 crore under the PLI scheme to manufacture mobile phones.