B2G Investment Under PLI Set to Surpass INR 2 Lakh Cr, According to Piyush Goyal
B2G Investment Momentum Under Production Linked Incentives
According to union commerce minister Piyush Goyal, B2G investment under the Production Linked Incentive (PLI) schemes is anticipated to surpass INR 2 Lakh Cr shortly. As of August, actual investments stood at INR 1.46 Lakh Cr, showcasing significant activity in this sector.
Engagement with Key Manufacturers
Goyal's discussions involved 140 companies from a total of 1,300 manufacturing units across 14 sectors that are benefitting from the PLI scheme. The union minister shared that an estimated total investment of INR 46 Lakh Cr is expected under these initiatives.
Revised PLI Scheme Benefits
- PLIs have been revised to favor more manufacturers.
- Reliance Industries Limited emerged as the successful bidder for the global tender related to 10 GWh advanced chemistry cells.
- Dixon’s subsidiary, Padget Electronics, signed an MoU with HP India for PC manufacturing.
- Ola Electric’s new escooter model received DVA certification to participate in the PLI for automobiles.
This recent surge in interest and investment in the PLI scheme underscores a robust outlook for B2G investments in India.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.