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The Modi government is likely to 'substantially' increase the allocation for ongoing Production-Linked Incentive (PLI) schemes in the budget session that will take place on 1 February 2023, Economic Times reported quoting people with knowledge of the matter. It added that some new sectors may be included in the programme that seeks to boost domestic manufacturing, aid exports, and spur investment in the country. -- aaa

The Indian government will have to take serious note of the structural problems and bottlenecks to work on improving the production-linked incentive scheme.

Government has cleared an incentive of a global company engaged in electronics manufacturing in the country. Get more Economy & Infra News and Business News on Zee Business.

India has approved 10 mobile manufacturing beneficiaries, including Dixon Technologies and Samsung, to disburse incentive under PLI Scheme.

This was the first such payment made under Prime Minister Narendra Modi's Production-Linked Incentive (PLI) programmes.