Electronics manufacturing, auto get best of Budget spending on PLI scheme

The bulk of the money in FY23-24 PLI schemes--of Rs 4,499 crore-- is for large-scale electronics manufacturing

Union Budget 2023-24 has earmarked Rs 8,083 crore for production linked incentive schemes (PLI), a bulk of the money going for large-scale electronics manufacturing, which includes mobile devices, pharma, auto and auto components, and food processing.

Eight of the 14 PLIs covered in these segments account for 99 per cent of the money the Budget earmarked for the schemes across government ministries and departments.

The allocation is a three-fold jump from the revised Budget estimates for these schemes in FY22-23 which is pegged at Rs 2616 crore. No money was earmarked for PLI in FY 22-23 for the mobile devices