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So far, disbursals have been low, at ₹2,875 crore, under the government’s ₹1.97 lakh crore PLI scheme for fourteen sectors announced in 2020.
Take a look at what the government has already done– they came out with the PLI scheme for setting up gigafactories for the manufacturing of battery cells.
The capex of 748 non-BFSI companies had risen 16-18 per cent in FY23, while the PLI and new-age sectors (including non-PLI solar modules, green hydrogen) accounted for 1 per cent of capex spends in FY22 and 10 per cent in FY23.
“The government decided to go in for second edition of PLI for textiles as the total corpus of ₹10,683 crore allocated for the scheme will not get used up as incentives for the 64 selected applicants under the first phase.
The revised PLI scheme has increased its budgetary outlay to Rs 17,000 crore and expanded its tenure to six years.