The Production-Linked Initiative has failed to produce desired results, dealing a blow to New Delhi’s manufacturing ambitions.
India's US$23 billion Production-Linked Initiative (PLI), launched to attract companies from China, will lapse after four years. The program, involving 750 companies, failed to meet production targets (achieving 37% of its goal) and experienced slow subsidy payouts (with only 8% of allocated funds disbursed).
