The review comes at a time when the  Ministry aims  to make the  program  more  effective  and  plans  to  redress the situation in areas  where the  program is  not  delivering the  expected results.  

 The Union government is set to review the flagship  Production Linked Incentive  (PLI) scheme on January 12,  Secretary  Department for Promotion of Industry and Internal Trade (DPIIT)  said on Thursday.  Rajesh Kumar  Singh.  

 The government is focusing on existing PLI schemes for 14 sectors and is not considering new PLIs, he said. The review comes at a time when the  Ministry aims  to make the  program  more  effective  and  plans  to  redress the situation in areas  where the  program is  not  delivering the  expected results. 

 In  a statement last month,  PPIT  said 746 applications have been approved till November 2023 and over Rs 95,000 crore  investments have been received  till September 2023.  The government estimates that production or sales  worth  Rs 7.80 lakh crore  took  place  through  the  project, creating  over 6.4 lakh jobs. 

  Former RBI  Governor  Raghuram  Rajan criticized the PLI scheme  in a social media post,  saying  that job creation under the scheme  was  not  proportional to  the investments made and  the government should  disclose  more data  because millions and billions  of public money  have  been pumped into  this program.  

 “The PLI review will take place on the 12th.  Currently,  we are  focusing  on getting these 14 PLIs. All  working  in  the right direction.  So  as of now,  the new PLIs are  yet to be  considered and we will focus on ensuring that these existing  plans are  implemented well and  we will  review them thereafter,”  Singh said  at  a press  conference.  Singh also said the  ministry  is  conducting  a third-party  review  of the PLI scheme  for electronic  goods  (air conditioners  and LED lights). 

  “The purpose  of  each measure  is to get real feedback on how  useful  these interventions  are  and what  quantifiable outcomes  are from them,”  Singh said. 

  PLI scheme  announced in 2021 for 14 sectors, such as  telecommunications,  white goods, textiles,  medical  equipment manufacturing,  automobiles,  special  steel, food products,  solar  photovoltaic modules high performance,  advanced  cell  chemistry, drones  and  pharmaceutical industry. The budget is  Rs 1.97 lakh crore. 

  “Telecom sector has achieved 60% import  substitution  and India has become almost  self-reliant  in  antennas,  GPON (Gigabit Passive Optical Network)  and  CPE (Customer Premises Equipment).  Imports  of raw materials in the  pharmaceutical sector have decreased significantly.  Unique  intermediates  and bulk drugs are  manufactured in  India,  including  penicillin-G,  and  technology  transfer  has taken place in the production  of  medical devices  such as  CT, MRI, etc. “, PIIT  said in a statement last month. 

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