{"id":6273,"date":"2021-10-28T02:15:34","date_gmt":"2021-10-28T02:15:34","guid":{"rendered":"http:\/\/www.aplf.com\/2021\/10\/28\/india-leather-exporters-called-on-the-government-to-increase-production-linked-incentive-pli-facilities\/"},"modified":"2021-10-28T02:15:35","modified_gmt":"2021-10-28T02:15:35","slug":"india-leather-exporters-called-on-the-government-to-increase-production-linked-incentive-pli-facilities","status":"publish","type":"post","link":"https:\/\/www.aplf.com\/zh-hans\/2021\/10\/28\/india-leather-exporters-called-on-the-government-to-increase-production-linked-incentive-pli-facilities\/","title":{"rendered":"India &#8211; Leather exporters called on the government to increase Production Linked Incentive (PLI) facilities"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"6273\" data-post-id=\"6273\" data-obj-id=\"6273\" class=\"elementor elementor-6273 dce-elementor-post-6273 elementor-4856\" data-elementor-post-type=\"post\">\n\t\t\t\t\t\t<section data-particle_enable=\"false\" data-particle-mobile-disabled=\"false\" class=\"elementor-section elementor-top-section elementor-element elementor-element-372d15d elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"372d15d\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-865f172\" data-id=\"865f172\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-35eab76 elementor-widget elementor-widget-text-editor\" data-id=\"35eab76\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>29 September 2021<\/p>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-f231751 elementor-widget elementor-widget-heading\" data-id=\"f231751\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">India - Leather exporters called on the government to increase Production Linked Incentive (PLI) facilities<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-a08a724 elementor-widget elementor-widget-text-editor\" data-id=\"a08a724\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>The strategy behind this scheme is to encourage the company on increased sales from products manufactured in India. At present, he said, only Emergency Credit Line Guarantee Scheme 1.0 (ECLGS 1.0) is applicable for the Medium Size Manufacturing Enterprises (MSME) units in leather, leather products and footwear sector, writes <a href=\"https:\/\/lfnasia.com\/\" target=\"_blank\" rel=\"noopener\">Leather \/ Footwear News &#8211; Asia<\/a>.\u00a0<\/p>\n<p>\u00a0<\/p>\n<p><img fetchpriority=\"high\" decoding=\"async\" class=\"alignnone wp-image-4859\" src=\"https:\/\/www.aplf.com\/wp-content\/uploads\/2021\/09\/image_PLI.jpg\" alt=\"\" width=\"500\" height=\"281\" srcset=\"https:\/\/www.aplf.com\/wp-content\/uploads\/2021\/09\/image_PLI.jpg 540w, https:\/\/www.aplf.com\/wp-content\/uploads\/2021\/09\/image_PLI-300x168.jpg 300w\" sizes=\"(max-width: 500px) 100vw, 500px\" \/><\/p>\n<p>\u00a0<\/p>\n<p>The Council for Leather Exports (CLE) has urged the government to extend the benefits of the production-linked incentive (PLI) scheme to the sector as it would help in boosting manufacturing, creating jobs and increasing exports.\u00a0<\/p>\n<p>\u00a0<\/p>\n<p>The government had announced the PLI scheme for 13 sectors with an outlay of Rs 1.97 lakh crore. The sectors include textiles, auto, steel, telecommunications, and pharmaceuticals.\u00a0<\/p>\n<p>\u00a0<\/p>\n<p>The objective of the scheme is to make domestic manufacturing globally competitive and to create global champions in manufacturing. The strategy behind the scheme is to offer companies incentives on incremental sales from products manufactured in India, over the base year.\u00a0<\/p>\n<p>\u00a0<\/p>\n<p>In a letter to Finance Minister Nirmala Sitahraman, CLE Chairman Sanjay Leekha said that implementing PLI for the sector will be a major catalyst for achieving substantial growth and employment generation. \u201cI would request that the scheme may kindly be extended to the leather, leather products and footwear sector,\u201d he said. He has also urged for extending the emergency credit line guarantee scheme (ECLGS 2.0) to the sector as it would help in enhancing the capacities and in recovering from the adverse impact of Covid-19.\u00a0<\/p>\n<p>\u00a0<\/p>\n<p>At present, he said, only ECLGS 1.0 is applicable for the MSME units in leather, leather products and footwear sector. \u201cAs our sector suffered immense export losses due to covid, there is a need to provide additional credit at lower interest rates,\u201d Leekha said.\u00a0<\/p>\n<p>\u00a0<\/p>\n<p>On exports, he said the council is sure to achieve the exports target of USD 5.89 billion during the current fiscal. \u201cConsidering the emerging business opportunities on account of shift of business orders from China, we are confident of achieving the target,\u201d he said adding the council is looking at USD 10 billion exports by 2025.\u00a0<\/p>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section data-particle_enable=\"false\" data-particle-mobile-disabled=\"false\" class=\"elementor-section elementor-top-section elementor-element elementor-element-516b9ba elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"516b9ba\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-b6081fe\" data-id=\"b6081fe\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-8d853ad elementor-widget elementor-widget-spacer\" data-id=\"8d853ad\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>29 September 2021 India &#8211; Leather exporters calle&hellip; <a class=\"more-link\" href=\"https:\/\/www.aplf.com\/zh-hans\/2021\/10\/28\/india-leather-exporters-called-on-the-government-to-increase-production-linked-incentive-pli-facilities\/\">\u7ee7\u7eed\u9605\u8bfb<span class=\"screen-reader-text\">India &#8211; Leather exporters called on the government to increase Production Linked Incentive (PLI) facilities<\/span><\/a><\/p>\n","protected":false},"author":6,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[34],"tags":[],"class_list":["post-6273","post","type-post","status-publish","format-standard","hentry","category-industry-news-sc","entry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>India - Leather exporters called on the government to increase Production Linked Incentive (PLI) facilities - APLF Limited<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.aplf.com\/zh-hans\/2021\/10\/28\/india-leather-exporters-called-on-the-government-to-increase-production-linked-incentive-pli-facilities\/\" \/>\n<meta property=\"og:locale\" content=\"zh_CN\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"India - Leather exporters called on the government to increase Production Linked Incentive (PLI) facilities - APLF Limited\" \/>\n<meta property=\"og:description\" content=\"29 September 2021 India &#8211; 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