The Production-Linked Incentive (PLI) has potential to boost manufacturing, generate employment, increase exports and reduce imports. However, the PLI scheme is crippled with certain challenges.Discuss.
Answer: The Production-Linked Incentive scheme launched to boost manufacturing, generate employment, increase exports and reduce imports is crippled with following challenges:
- There is a financial cap on incentives.
- In India for the majority of the PLI Scheme focussed sectors the effective cost of manufacturing is higher than the competitors. So, the investors will prefer other countries.
- The core challenges faced by the Sunrise industry manufacturers are not addressed.
- International player will be benefitted more than domestic firms. The international players can invest their revenues and produce in India and take domestic market share. Thus, the domestic manufacturer will be in a disadvantage ....
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