Unlocking Growth with PLI Scheme
The purpose of the PLI scheme is to promote the Make in India Scheme by incentivising manufacturing companies for incremental sales and to stimulate employment and utilisation of resources, technology etc. The incentive is given by Govt of India annually ranging from 4%-7% for 5-7 years time period on the incremental sale.
India's Manufacturing Momentum
The Scheme encourages foreign companies companies and domestic companies both to establish manufacturing units in India. Eligible industries are Pharmaceutical Companies, Large Scale Electronics Manufacturing units, Electronic/ Technology Production Units, Food Processing Industries, Telecom & Networking Companies, High efficiency Solar PV Module Manufacturers, Automobiles, Semiconductor manufacturers, Textile Producers etc.