'Make In India' PLI Scheme Tracker

In a bid to provide impetus to “Make in India” (MII) initiative, the Government of India unveiled a series of Production Linked Incentive (PLI) schemes for 13 sectors during FY21, at a proposed incentive outlay of $26.7 billion (Rs 19,700 crores). It later announced an incentive scheme announced a new incentive scheme worth Rs.76,000 crore INR (nearly $10.2 billion) in a bid to boost the semiconductor ecosystem in the country.

Goldman Sachs's latest 'Make In India' tracker' notes that all the 13 proposed PLI schemes have been approved by the cabinet. While 10 have received and approved bids with incentive outlay of Rs.11,080 billion (excluding incentive for Food Products).

Post the publication of their tracker, the union government has also selected the applicants for the ACC (advanced chemistry cell) Battery and Textile sector.

While 4 selected firms will receive incentives under India’s Rs 18,100 crore programme to boost local battery cell production, 61 applicants were cleared to receive Rs 10,683 crore over a five-year period under the PLI scheme for textiles

The final list of firms who will be selected for Specialty Steel PLI alone is yet to be announced.