Enhance budget for PLI scheme and widen its coverage: Assocham

The government's PLI scheme, introduced in 2021, had an outlay of around Rs 2 trillion for 13 sectors

Assocham president Sumant Sinha has recommended the government raise the money that can be deployed in the whole production-linked incentive (PLI) scheme and enhance coverage for more industrial sectors to drive manufacturing growth in the country.

“In a push towards a green economy, there is a need for enhancing the green hydrogen policy, expanding the PLI scheme for green hydrogen electrolysers and utility-scale batteries manufacturers, viability-gap funding for the offshore wind sector, and the allocation for solar PLI might be considered for increase as well from Rs 19,500 crore in the Budget in 2022,” he added.

The government’s PLI scheme,