The cabinet is set to decide on extending the ProductionLinked Incentive (PLI) schemes to additional products in textiles, food processing, and pharmaceuticals, according to sources. Currently, the PLI programme spans 14 sectors, including mobile manufacturing, electronics, medical devices, automobiles, and pharmaceuticals.
The budget for PLI schemes has been significantly increased by 88 per cent to Rs 16,092 crore for FY25. While the PLI schemes for electronics and white goods have gained traction, those for textiles and steel are lagging.
To address this, the textile PLI for man-made fabric (MMF) garments and technical textiles may see a reduced investment threshold and the inclusion of more MMF products. The government is also considering adding apparel to the scheme.
The initial outlay for the 14 PLI schemes was Rs1.97 lakh crore, with cumulative disbursements reaching approximately Rs9,700 crore by the end of May.
In addition, the commerce and industry ministry has proposed new PLI schemes worth Rs3,489 crore for toys and Rs2,600 crore for leather and footwear, which are pending cabinet approval. A token provision for these plans was included in the budget announced on July 23.
