Production Linked Incentive
PLI
Intermediate Level
India
Regulatory & Compliance
3 views
Definition
A scheme offering financial incentives to manufacturers for increasing production in India.
Detailed Explanation
PLI covers 14 sectors including electronics, pharmaceuticals, automobiles, textiles. Incentives are typically 4-6% of incremental sales. Aims to boost domestic manufacturing and exports.
Example
Under PLI, a mobile manufacturer gets ₹100 crore incentive for achieving ₹2,000 crore production target.
Local Context (India)
PLI is driving India's manufacturing transformation, especially in electronics and pharmaceuticals.
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