In October, the Ministry of Electronics and Information Technology (MeitY) approved 16 eligible applicants under the PLI scheme. The PLI for large scale electronics manufacturing extends an incentive of 4 to 6 percent on incremental sales of goods manufactured in India to the eligible companies, for a period of five years.
The Production Linked Incentive (PLI) scheme has the potential to create nearly 1.40 crore man-months worth of jobs directly, from the upcoming financial year, as per industry estimates.
Lohit Bhatia, President, Indian Staffing Federation told Moneycontrol, “The PLI scheme has a potential of creating close to 1.40 crore man-months of additional workers. We can say that we are looking to double the workforce engaged in production and manufacturing activities.”
Source: Moneycontrol
