PLI scheme expansion for handicrafts, leather to create more job: Deloitte

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PLI scheme expansion for handicrafts, leather to create more job: Deloitte - Business Standard

Quick Summary:

The government in 2021 announced PLI schemes for 14 sectors, including telecommunications, white goods, textiles, manufacturing of medical devices, automobiles, speciality steel, food products, high-efficiency solar PV modules, advanced chemistry cell battery, drones, and pharma, with an outlay of Rs 1.97 lakh crore.

The government in its coming Budget must extend fiscal benefits under the PLI (production linked incentive) scheme to sectors such as handicrafts and leather that can create more jobs, Deloitte said on Sunday.

It also suggested that the existing PLI schemes must continue in sectors that have seen success, such as electronics, auto and semiconductors.