Cabinet secy-led panel wants PLI scheme revamp to boost manufacturing

Suggests institutional mechanism, regular hand-holding for firms

A high-level committee headed by Union Cabinet Secretary Rajiv Gauba has suggested a revamp of the production-linked incentive (PLI) scheme to boost domestic manufacturing and make the initiative more investor-friendly by “regular hand-holding” and removing hurdles at the earliest.

The panel, in a recent meeting with different ministries, called for setting up an effective “institutional mechanism” to constantly engage with companies that have decided to participate in the Rs 1.97 trillion scheme, an official aware of the matter said.

The mechanism will focus on addressing challenges faced by investors, including global giants, which have shown interest in participating in the National Democratic