Working on PLI schemes for more sectors: Piyush Goyal

The government is working to extend incentives under the production-linked incentive (PLI) scheme to more sectors, commerce and industry minister Piyush Goyal said Tuesday. "We came up with PLI for 14 sectors apart from semiconductors... We are willing to go the extra mile inother sectors. We are working on a few PLI schemes already," Goyal said at a Ficci conference. The government has announced PLI schemes for 14 sectors, including white goods, textiles and auto components.

The objective of the PLI scheme is to make domestic manufacturing globally competitive, create global champions in manufacturing, boost exports and create jobs. There are demands for extending the PLI scheme for sectors like toys, certain electronic components, furniture and bicycles.

Talking about his recent visit to Saudi Arabia, the minister said there is huge potential to increase cooperation in areas like fintech, education, infrastructure, renewable energy, e-commerce, e-gaming and health. Saudi Arabia wants Indian educational institutes to set up campuses there, and expand dual degrees, he added.