6/14/23, 9:14 AM Toys, footwear, components for new age bicycles to come under PLI scheme soon: Officials

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Toys, footwear, components for new age -64%

bicycles to come under PLI scheme soon:

Officials
-70%
The PLI scheme currently covers 14 sectors, including steel, textiles, electronics, IT hardware, medical
devices, pharmaceutical products, telecom and drones among others and discussions to include other
sectors are ongoing.

M ON E Y CON TR OL NEWS -60%

( H T T P S : / / W W W. M O N E Y C O N T R O L . C O M / A U T H O R / M O N E Y C O N T R O L - N E W S - 7 2 8 5 / )
J U NE 1 3, 2023 / 1 1 :0 5 P M IST

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ps://www.moneycontrol.com/news/economy/policy/toys- -60%

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6/14/23, 9:14 AM Toys, footwear, components for new age bicycles to come under PLI scheme soon: Officials

Toys%2C%20footwear%2C%20components%20for%20new%20age%20bicycles%20to%20come%20under%20PLI
Th e d i scu ssi on s f or th e i m p l em en ta ti on of P LI sch em e on toy s, f ootwea r a s wel l a s f or com p on en ts of n ew a g e

b i cycl es a re i n rea son a b l y a d va n ced sta g es, DP IIT Secreta r y Ra j esh Ku m a r Si n g h sa i d .

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The public-linked incentive (PLI) scheme is set to become applicable on toys, footwear and Top 10 P
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components of new-age bicycles, officials from the Commerce Ministry said.
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/“The discussions for the implementation of PLI scheme on toys, footwear as well as for components
/www.linkedin.com/shareArticle?
of new age bicycles
true&url=https:/ are in reasonably advanced stages,” Secretary to the Department for Promotion
/www.moneycontrol.com/news/economy/policy/toys-
of Industry and Internal Trade (DPIIT), Rajesh Kumar Singh said during a press briefing on June 13.
ear-
onents-
The PLI scheme currently covers 14 sectors, including steel, textiles, electronics, IT hardware,
medical devices, pharmaceutical products, telecom and drones among others and discussions to
include other sectors are ongoing.

es-
“When the PLI was approved in 2020, it was made to help out strategic sectors, focusing on sectors
which can create large-scale employment. The scheme being discussed for toys, footwear and
-components for new age bikes is in the same direction,” Additional Secretary for DPIIT, Rajeev
r-
Thakur said in the briefing.

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6/14/23, 9:14 AM Toys, footwear, components for new age bicycles to come under PLI scheme soon: Officials

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6/14/23, 9:14 AM Toys, footwear, components for new age bicycles to come under PLI scheme soon: Officials

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