Page 15 - Construction Vision Dec-Jan 2024 Issue

CONSTRUCTION AND EQUIPMENT MANUFACTURERS SEEK
PRODUCTION LINKED INCENTIVE SCHEME FOR INDUSTRY

onstruction and equipment (CE) modules, advanced chemistry cell Minister Pralhad Joshi has said that the
manufacturers have urged the battery, drones and pharma with an CE industry has emerged as a key player
Cgovernment for a production outlay of Rs 1.97 lakh crore. in the country's infrastructure
linked incentive (PLI) scheme for the development.
sector. The introduction of the PLI "The move (PLI Scheme) has given a
scheme will provide a level-playing field push to these industries. Our industry "The accelerated pace of mining and coal
for the players of the industry, Dimitrov requests the government for a PLI production activity in the country would
Krishnan, President of industry body scheme for our industry. We play a not have been possible without the
ICEMA, said. critical role in capital intensive industries support of the CE Industry," Joshi said.
like setting up steel plants, construction
Indian Construction Equipment
and infrastructure, roads and highways, The government has plans to take up
Manufacturers' Association (ICEMA)
mining etc," Krishnan said. coal production in FY23-24 to over one
engages with stakeholders and the
billion tonnes. Additionally, public sector
government to identify challenges in the
The CE industry has already submitted a coal companies have made plans to
sector and works on solutions.
PLI scheme proposal to the government invest Rs 2.5 lakh crore by 2030 in new
In 2021, the government had announced which aims to increase the manufacturing businesses like increasing capacity and
the scheme for 14 sectors such as of heavy machineries in India, and also setting up green projects.
telecommunication, white goods, textiles, for making skill certification mandatary for
manufacturing of medical devices, mining projects, the president said. "The CE industry will play a very
automobiles, speciality steel, food important role in the success of these
According ICEMA, Union Coal and Mines
products, high-efficiency solar PV plans," the minister said.

CONSTRUCTION VISION 13 DECEMBER-JANUARY 2024