Govt looks to net $30 billion in fresh funds through PLI scheme

The government itself is expecting investments of Rs 40,000 crore in speciality steel through the PLI scheme for which it has earmarked an outlay of Rs 6322 crore as incentives

The government is banking on its Production Linked Incentive (PLI) scheme to kick off substantial fresh investments to make up for the rock bottom levels seen during the pandemic.

Thirteen PLI schemes are already off the ground based on commitments made by eligible players. The government expects them to bring in incremental investments of around $30 billion by FY25.

Jefferies, which has undertaken a yearly breakup of the investment based on Commerce Ministry data, says that in the first two years of FY22 and FY23, the PLI scheme will bring in around $10 billion of fresh investments.

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