India will fast-track permissions and handhold investors putting up capacities under the various production-linked incentive (PLI) schemes as it seeks to reinvigorate manufacturing<\/a> in the country.

Top officials of the Department for Promotion of Industry and
Internal Trade<\/a>, Niti Aayog<\/a> and the finance ministry among others met last week for a status check with PLI investments having crossed the ₹25,000 crore March target. The holistic review of the scheme that neared two years showed while some sectors had over-performed, others were lagging.

Plan to Streamline Process
<\/strong>
\"Some sectors are progressing, but some are slow. We discussed how to handhold them in case any permissions are stuck and also ways to streamline the processes so that there is no misuse of funds,\" the official said. A streamlined process is also expected to avoid misuse of the Rs 1.97 lakh crore proposed PLI incentives. The sector schemes are implemented by the concerned ministry and started to roll out in FY22.

PLI Investments<\/strong>

PLI schemes have been announced for 14 so-called champion sectors so far, but they are progressing at varying rates, a government official aware of discussions told ET.

Investors committed Rs 2.34 lakh crore PLI investments as of March 2022 with automobile and auto components, advanced chemistry cell batteries, specialty steel and high-efficiency solar panels generating greater interest. The other PLI sectors are drones, white goods, textiles, telecom and networking products, food products, and medical devices.

This level of investment is expected to generate 6.4 million jobs over the next five years.

By the end of March 2022, eligible applicants had already invested Rs 26,000 crore.

Sector-specific PLI investments are shortlisted through a comprehensive selection process. The companies start investing in production facilities after the government approves their proposals. Once the actual production begins, benefits are disbursed after claims scrutiny.

Sector Progress<\/strong>

Among the new PLI schemes approved in 2021, the one for food processing is progressing fast because of quicker approvals and incentive disbursements are expected this fiscal. \"Steel projects are big investments and take time. Their cycle of investment is up to March 2024,\" said the official cited above.

The PLI schemes for mobiles, electronics components, and pharmaceuticals were announced in 2020 and hence are ahead of others. In the white goods sector, 15 companies out of 64 approved are in the production phase while the remaining 49 are in the process of making committed investments.

<\/p><\/body>","next_sibling":[{"msid":95568331,"title":"Will focus on bridging digital divide during G20 presidency, says Prime Minister Modi","entity_type":"ARTICLE","link":"\/news\/will-focus-on-bridging-digital-divide-during-g20-presidency-says-prime-minister-modi\/95568331","category_name":null,"category_name_seo":"telecomnews"}],"related_content":[{"msid":"95567011","title":"PLI scheme for IT hardware mfg","entity_type":"IMAGES","seopath":"news\/india\/govt-to-speed-up-pli-nods-help-investors\/pli-scheme-for-it-hardware-mfg","category_name":"India puts its plan to snatch factories from China on fast-track","synopsis":"Representative image","thumb":"https:\/\/etimg.etb2bimg.com\/thumb\/img-size-157024\/95567011.cms?width=150&height=112","link":"\/image\/india\/govt-to-speed-up-pli-nods-help-investors\/pli-scheme-for-it-hardware-mfg\/95567011"}],"seoschemas":false,"msid":95568339,"entity_type":"ARTICLE","title":"India puts its plan to snatch factories from China on fast-track","synopsis":"Investors committed Rs 2.34 lakh crore PLI investments as of March 2022 with automobile and auto components, advanced chemistry cell batteries, specialty steel and high-efficiency solar panels generating greater interest.","titleseo":"telecomnews\/india-puts-its-plan-to-snatch-factories-from-china-on-fast-track","status":"ACTIVE","authors":[{"author_name":"Kirtika Suneja","author_link":"\/author\/479242995\/kirtika-suneja","author_image":"https:\/\/etimg.etb2bimg.com\/authorthumb\/479242995.cms?width=250&height=250&imgsize=29113","author_additional":{"thumbsize":true,"msid":479242995,"author_name":"Kirtika Suneja","author_seo_name":"kirtika-suneja","designation":"Senior Assistant Editor","agency":false}},{"author_name":"Yogima Seth Sharma","author_link":"\/author\/479230476\/yogima-seth-sharma","author_image":"https:\/\/etimg.etb2bimg.com\/authorthumb\/479230476.cms?width=250&height=250","author_additional":{"thumbsize":false,"msid":479230476,"author_name":"Yogima Seth Sharma","author_seo_name":"yogima-seth-sharma","designation":"Assistant Editor","agency":false}}],"analytics":{"comments":0,"views":213,"shares":0,"engagementtimems":1065000},"Alttitle":{"minfo":""},"artag":"ET Bureau","artdate":"2022-11-17 08:03:38","lastupd":"2022-11-17 08:04:12","breadcrumbTags":["pli scheme","niti aayog","internal trade","china","manufacturing","Policy"],"secinfo":{"seolocation":"telecomnews\/india-puts-its-plan-to-snatch-factories-from-china-on-fast-track"}}" data-authors="[" kirtika suneja","yogima seth sharma"]" data-category-name="" data-category_id="" data-date="2022-11-17" data-index="article_1">

印度将其计划抢走工厂来自中国的快速通道

投资者承诺2.34十万的卢比PLI投资截至2022年3月汽车及汽车零部件、先进的化学电池、特种钢和高效太阳能电池板产生更大的兴趣。

Kirtika Suneja Yogima Seth沙玛
  • 更新于2022年11月17日08:04点坚持
阅读: 100年行业专业人士
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印度将快速通道权限和握住投资者把能力在各种根据激励(PLI)方案,以重振制造业在乡下。

的高级官员为促进行业和部门国内贸易,镍钛Aayog和财政部等状态检查上周会见了在穿过₹PLI投资25000卢比的3月目标。接近两年来的整体方案的审查显示,虽然有些部门over-performed,其他人都是落后的。

计划简化流程

“一些行业发展,但有些缓慢。我们讨论了如何握住以防任何权限卡方法简化流程,这样也没有滥用资金,”这位官员说。精简流程预计也将避免滥用多数1.97卢比提出PLI激励。有关部门计划实现的部门,开始在FY22推出。

广告
PLI投资

PLI方案已经公布了14所谓冠军行业迄今为止,但他们正以不同的速度前进,一位政府官员意识到讨论告诉等。

投资者承诺2.34十万的卢比PLI投资截至2022年3月汽车及汽车零部件、先进的化学电池、特种钢和高效太阳能电池板产生更大的兴趣。其他照明灯具行业无人机、白色家电、纺织、电信和网络产品,食品,医疗设备。

这种级别的投资预计将在未来五年创造640万个工作岗位。

到2022年3月底,符合条件的申请者已经投资26000卢比。

专业照明灯具投资入围通过一个全面的选择过程。公司开始投资生产设施在政府批准他们的建议。一旦实际生产开始,好处是支付后审查。

行业进步

新PLI方案批准了在2021年,一个用于食品加工进展快,因为审批和激励支出预计本财政。“钢铁项目是大投资,需要时间。投资的周期是2024年3月,”上面引用的官员说。

广告
PLI方案的手机、电子组件和制药在2020年宣布,因此比别人。在白色家电领域,15家公司的64年批准在生产阶段,其余49承诺投资的过程。

  • 发布于2022年11月17日凌晨08:03坚持
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India will fast-track permissions and handhold investors putting up capacities under the various production-linked incentive (PLI) schemes as it seeks to reinvigorate manufacturing<\/a> in the country.

Top officials of the Department for Promotion of Industry and
Internal Trade<\/a>, Niti Aayog<\/a> and the finance ministry among others met last week for a status check with PLI investments having crossed the ₹25,000 crore March target. The holistic review of the scheme that neared two years showed while some sectors had over-performed, others were lagging.

Plan to Streamline Process
<\/strong>
\"Some sectors are progressing, but some are slow. We discussed how to handhold them in case any permissions are stuck and also ways to streamline the processes so that there is no misuse of funds,\" the official said. A streamlined process is also expected to avoid misuse of the Rs 1.97 lakh crore proposed PLI incentives. The sector schemes are implemented by the concerned ministry and started to roll out in FY22.

PLI Investments<\/strong>

PLI schemes have been announced for 14 so-called champion sectors so far, but they are progressing at varying rates, a government official aware of discussions told ET.

Investors committed Rs 2.34 lakh crore PLI investments as of March 2022 with automobile and auto components, advanced chemistry cell batteries, specialty steel and high-efficiency solar panels generating greater interest. The other PLI sectors are drones, white goods, textiles, telecom and networking products, food products, and medical devices.

This level of investment is expected to generate 6.4 million jobs over the next five years.

By the end of March 2022, eligible applicants had already invested Rs 26,000 crore.

Sector-specific PLI investments are shortlisted through a comprehensive selection process. The companies start investing in production facilities after the government approves their proposals. Once the actual production begins, benefits are disbursed after claims scrutiny.

Sector Progress<\/strong>

Among the new PLI schemes approved in 2021, the one for food processing is progressing fast because of quicker approvals and incentive disbursements are expected this fiscal. \"Steel projects are big investments and take time. Their cycle of investment is up to March 2024,\" said the official cited above.

The PLI schemes for mobiles, electronics components, and pharmaceuticals were announced in 2020 and hence are ahead of others. In the white goods sector, 15 companies out of 64 approved are in the production phase while the remaining 49 are in the process of making committed investments.

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