On 03rd February 2024, FDDI attended the stakeholder meeting on ‘Empowering Industries: Unlocking Tomorrow’s Potential with PLI Schemes’ which was chaired by the Hon'ble Minister of Commerce and Industry, Consumer Affairs, Food and Public Distribution and Textiles (HCIM, CA, F&PD&T), Government of India (GoI), Mr. Piyush Goyal.
On this occasion, Secretary, Department for Promotion of Industry and Internal Trade (DPIIT), Mr. Rajesh Kumar Singh, IAS, Additional Secretary, DPIIT, Mr. Rajeev Singh Thakur, IAS and other senior officials from various ministries and departments were present.
The HCIM, CA, F&PD&T said “PLI outlay will grow by leaps and bounds going forward. Every industry has a gestation period. Those PLI schemes that were started 3-4 years ago, like electronics, where the gestation period is small, have come into operation.”
He further clarified that the PLI scheme is not to make the beneficiaries dependent on government services but can be utilised as a boost in the manufacturing sector, an initial support for the long journey ahead.
The proposed extension of the scheme to the leather & footwear sector has been envisaged with an outlay of Rs. 2,600 Crore while for the toys sector, the token outlay is fixed at Rs. 3,489 Crore. The schemes for toys and leather and footwear have not yet been given a nod to Cabinet.
