Manufacturing sector capital expenditure is on course for a leg-up with overwhelming responses to the government’s production-linked incentives schemes, especially for lithium-ion battery, pharma and solar module segments, a report said on Wednesday. So far the PLI (Production-Linked Incentive) scheme has received robust response in green initiative spaces such as renewable energy as well as ACC NSE 0.44 % (Advanced Chemistry Cell) battery manufacturing, notes Icra NSE 0.33 % Ratings in its report.
This shows that the scheme is on track to revive the manufacturing capex (capital expenditure), the report said.
The government has extended the scheme for a second round on the back of encouraging response in a few sectors. Also, it has increased or is planning to increase the outlay for some sectors.
