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Quest to Be the World s Factory With total incentives committed going as high as Rs 1.99 lakh crore over five years, PLIs now rival some of the biggest Government of India outlays such as Rs 3.05 lakh crore for reforms-based result-linked power distribution sector scheme and the Rs 1.4 Rajeev Dubey, Editor, Business Today The Production Linked Incentive (PLI) Scheme - India s valiant answer to domestic and foreign manufacturers eternal gripe that producing in India was hopelessly unviable because of high taxes, high cost of logistics, finance, land, power and an endless list thereafter - was introduced for mobile manufacturers in 2020. The Government of India s commitment to provide cash incentives up to 4-6 per cent of revenue from incremental local manufacturing aimed at import substitution got such an excitable response from companies that the Centre made mobile PLI the template to launch it in 12 other sectors. With total incentives committed going as high as Rs 1.99 lakh c

Joec mathewNidhi singalAprajita sharmaRukmini raoPurpose acquisition companiesSwachh bharat missionAcquisition corporationProduction linked incentiveSpecial purpose acquisitionRenew powerGovernment of indiaJoec mathewNidhi singalRukmini raoRenew powerRmg acquisition corporation ii