Govt may increase allocation for PLI schemes in Budget to boost exports

Under the PLI scheme, eligible players receive incentives for five years if they achieve their investment and production value target for each year

After seeing positive results, the government is likely to increase the allocation for the ongoing Production-Linked Incentive (PLI) schemes by as much as 20-30 per cent in the next Budget to spur domestic manufacturing and boost exports, The Economic Times reported Wednesday.

Citing people familiar with the matter, ET reported that electronic manufacturing and IT hardware, which have seen a high impact of PLI schemes, are high on the agenda for an increase in allocation. There are also possibilities that some new sectors could be included under the scheme. The scheme currently covers 14