Engineering Export Promotion Council (EEPC) of India Chairman, Mahesh Desai has sought extension of the production-linked incentive (PLI) scheme to Micro, Small and Medium Enterprises (MSMEs) on an incremental basis given the fact that the sector contributes 45 percent to the manufacturing output and 40 percent to exports.
Desai has stated that MSMEs in the engineering sector play a vital role with strong backward and forward linkages and with significant value addition and employment generation. Therefore, he said it is important to provide the benefits to PLI scheme to MSMEs on an incremental basis so that they can move on production value chains to compete in world markets.
He further said overall the new scheme approved by the Cabinet will give an impetus to the manufacturing sector by strengthening production capabilities of manufacturers, thereby making domestic industry competitive to participate in global value chains. He noted that engineering exporters account for over a quarter of the country's total merchandise exports.
Start Research-backed Investing ...Now. Subscribe to Sapphire
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: