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of <h1>India Allocates INR 1.97 Lakh Crore for PLI Schemes in 13 Manufacturing Sectors to Boost Growth and Competitiveness.</h1> An outlay of INR 1.97 lakh crore (over US$ 26 billion) has been allocated in India's Union Budget 2021-22 for Production Linked Incentive (PLI) schemes targeting 13 key manufacturing sectors. These include existing sectors like mobile manufacturing and medical devices, alongside new sectors such as automobiles, pharmaceuticals, and solar PV modules. The PLI schemes aim to boost production, employment, and economic growth by attracting investments in core and advanced technology sectors, enhancing global competitiveness, and integrating Indian manufacturers into global value chains. Approval for any new sectors under the PLI scheme requires Cabinet approval, with no current plans for expansion.
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