Thread by @BullsforBears

#PLISCHEME #GOI
Approves for 10 sectors On Nov 11
Pharma,Auto,Auto components Telecom,Advanced chemistry cell battery,textile,food products,solar modules,white goods,speciality steel

Aim - make India mfts globally competitive,enhance scale,increase exports,attract investment

Pli scheme aimed to reduce dependence on China,give incentive on products mftd in India, increase employment by focusing on labor intensive industries like mobile equipment,#pharma,medical devices
In March #goi made 53 drugs eligible for pli worth 6940cr ,benefit 136 mftg units

14000 cr package incentivise #API production & medical devices mfg
3240 cr to promote medical devices mft
Pli for electronics & mobiles,incentives of 4-6% to mft mobiles & other electrical components such as transistors,diodes,resistors etc
#Telecom #mobile #Nifty #sensex

Why Pli scheme needed ?
Govt cannot invest heavily in capital intensive sectors with long gestation periods,instead attract global business with adequate capital to set up capacity, enhance exports,remain WTO committee compliant

Govt to pay companies under Pli scheme a proportion of turnover from making & selling bulk drugs,devices over next few yrs,decrease amount gradually
Build economy of scale in 50 critical drugs Pen G,Vit B1,Dexamethasone,Meropenem,Atorvastatin,Aspirin
#api #pharma #stocks

PLI scheme 5 yrs,amount 2 lakh cr,financial outlay for 1,45,980 cr
10 sectors in cr
Adv cell battery 18100
Electronics 5000
Auto& auto components 57042
Pharma 15000
Telecom 12195
Textile 10683
Food 10900
Solar modules 4500
White goods 6238
Speciality steel 6322
#dixon #jio

Complex #generics,#oncology ,anti diabetics,in vitro diagnostic devices,special empty capsules have also been included
India to be $1 trillion economy by 2025,GOI push for data localization,IOT,Smart city,digital India to increase demand for electronic goods
#havells #polycab

India #pharma industry 3rd largest globally by volume,14th largest in value,3.5% total drugs & medicines globally
2nd largest steel producer globally
Pli for speciality steel
PLI for food products to increase farmer income,reduce wastage,better pricing
#hindalco @TataSteelLtd

#amberenterprises
#dixon #jindalsteel #Telecom
@havellsindia
@PolycabIndia
@itc
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#GOI announced production linked scheme for bulk drugs & medical devices ,encouraging response
For bulk drugs,247 app's across 4 categories,136 likely to be accepted
For medical devices,28 apps across 4 segments,all likely to be accepted
30th Nov last day for applicatn
#stocks