New Delhi: The Central Government has approved the implementation of the PLI scheme in 14 sectors. The government has approved the PLI scheme for New and Renewable Energy to reduce imports and increase exports in the solar power sector. For this, Rs 19,500 crore has been passed. At the same time, along with the development of the semiconductor display manufacturing ecosystem, the National Logistics Policy has also been approved. In the direction of making India self-reliant, the government has taken these three big decisions.
The Union Cabinet has approved the PLI Scheme for High-Efficiency Solar PV Module Trans-2. The central government has sanctioned Rs 19,500 crore for this. This is to create an ecosystem for the production of solar PV modules and thus reduce the dependence on imports in the field of renewable energy. Along with this, the government has implemented the PLI scheme in 14 areas. Let us tell you that the PLI Scheme (Production Linked Incentive) was launched in 2020. With the implementation of the scheme, foreign companies get an opportunity to earn incentives by increasing the sales of local manufacturing.
Union Minister Anurag Thakur said that the cabinet has approved the amendments in the program for the development of semiconductors and the display manufacturing ecosystems. An incentive of 50 percent will be given for semiconductor fab for composite semiconductors, packaging, and other semiconductor facilities with technology nodes. This has attracted many global semiconductor companies to set up fabs in India. The revised program will accelerate investment in semiconductor and display manufacturing and increase employment and self-employment opportunities.
The cabinet has approved the National Logistics Policy in its third major decision. Union Minister Anurag Thakur said that the policy would be for an integrated logistics interface platform, standardization, monitoring framework, and skill development for greater efficiency in logistics services. This will improve the Logistics Performance Index ranking and also aim to be among the top 25 countries by 2030. At the same time, the benefit of digital technology will be available in the logistics sector and there will be ease of doing business.
