About: PLI scheme offers incentives on incremental sales for products manufactured in India for 13 identified sectors announced in Budget 2021-22.
Aim: To boost domestic manufacturing under the government’s Atma-nirbhar Bharat initiative. It focuses on reducing import bills and improving the cost competitiveness of local goods. PLI scheme offers incentives on incremental sales for products manufactured in India.
Objective: 1) Target specific product areas; 2) Introduce non-tariff measures in order to compete more effectively with cheap imports; 3) Blend domestic and export sales to make manufacturing competitive and sustainable; and 4) Promote manufacturing at home while encouraging investment from within and outside India.
