PLI scheme to be expanded to furniture, leather sectors as MEIS wounds up

The new scheme would replace the existing Merchandise Exports India Scheme (MEIS), introduced in April 2015

The government proposes to expand the scope of the production linked incentive (PLI) scheme to five or six more more sectors, including air conditioners and TV sets, leather, chemicals, furniture, tyres and toys, in a bid to boost manufacturing in the country.

Government sources said that the Finance Ministry, along with the Commerce and other ministries, are finalising the contours of the PLI scheme for each identified area of manufacturing and an announcement could be made over the next few weeks.

The PLI scheme for new sectors would be similar to the ones announced by the Electronics Ministry for development of a