Budget expectation: PLI scheme might be extended to other industries

Currently, 384 eligible companies, global and homegrown, in 14 industries are eligible for incentives

As part of the government’s showcase scheme to make India atmanirbhar or self-reliant, in manufacturing, it has allocated $23.5 billion for Production Linked Incentives (PLIs) to be disbursed over the next 3-5 years.

With the Budget round the corner, there is an expectation that the PLI scheme might be extended to other industries or that its outlay for some of the existing PLIs, such as IT products, might be increased.

Experts say the allocation, based on various new schemes under discussion, could go up by at least 10 per cent in this financial year, but the exact details would be worked out