Self-Reliant India Scheme - Production-Linked Incentive (PLI) Scheme

Country / jurisdiction: India · Year: 2020 · Status: In force · Level: National · Type: Voluntary

In the framework of the Atmanirbhar Bharat ('Self-Reliant India') Programme, the Production-Linked Incentive (PLI) schemes aim at enhancing Indian manufacturers' competitiveness, attracting investments in cutting-edge technology, creating efficiencies and economies of scale as well as enhancing exports.

PLIs for 10 sectors were set up in November 2020, including manufacturing of High Efficiency Solar PV Modules and  Advanced Chemistry Cell (ACC) Battery. The former is to incentivize domestic and global companies to build large-scale domestic solar PV capacity and the latter is to attract investments by large domestic and international firms in the ACC sector.

Additional amounts were enacted in September 2021, notably for the automobile industry, specifically aiming at encouraging the manufacturing of electric and hydrogen-based vehicles. In September 2022, supplementary amounts were earmarked for the Tranche-II of the Scheme, for High Efficiency Solar PV Modules.

This policy also has a digitalization angle, and aims at boosting the production of electronic products in India.

Official source: https://pib.gov.in/PressReleasePage.aspx?PRID=1671912