PLI not a permanent policy feature: Rajeev Chandrasekhar

NEW DELHI : The production linked incentive (PLI) scheme should not be thought of as a permanent solution but as a transition period for India as the country moves towards becoming a globally competitive economy achieving $300 billion in electronics manufacturing, said Rajeev Chandrasekhar, minister of state for IT and electronics at the Mint-Zetwerk Smart Manufacturing Summit 2023.

“PLI, I don’t think should be thought of as a permanent let us say part of the equation of being a manufacturing economy. It is a way to bootstrap the economy or bootstrap the players. But it will more than be compensated by all of the other efficiencies that these volumes and these gains will create over time,” he said.