+
USIBC Pushes for PLI Scheme for Media in Upcoming Budget
ECONOMY & POLICY

USIBC Pushes for PLI Scheme for Media in Upcoming Budget

The U.S. India Business Council (USIBC) has recommended the introduction of a Production Linked Incentive (PLI) scheme for the media and entertainment industry in the upcoming Union Budget. This recommendation aims to stimulate growth and create job opportunities within the sector.

According to the USIBC, the media and entertainment industry holds significant potential for economic expansion and job creation. The PLI scheme, similar to those implemented in other sectors, is proposed to incentivize investments and enhance competitiveness. The USIBC believes that such a scheme would attract global players, encourage domestic production, and support the industry?s infrastructure development.

The council's recommendation aligns with broader efforts to promote India as a global hub for media and entertainment. By offering financial incentives, the USIBC expects the PLI scheme to foster innovation, support small and medium enterprises, and boost overall sectoral growth.

Additionally, the USIBC has suggested that the scheme include provisions for digital content production, which is rapidly growing and integral to the media landscape. The proposed incentives could cover various aspects, from content creation to technological advancements and distribution networks.

The USIBC?s call for a PLI scheme reflects its confidence in the sector?s potential and its commitment to supporting India?s economic and cultural development through strategic investments.

The U.S. India Business Council (USIBC) has recommended the introduction of a Production Linked Incentive (PLI) scheme for the media and entertainment industry in the upcoming Union Budget. This recommendation aims to stimulate growth and create job opportunities within the sector. According to the USIBC, the media and entertainment industry holds significant potential for economic expansion and job creation. The PLI scheme, similar to those implemented in other sectors, is proposed to incentivize investments and enhance competitiveness. The USIBC believes that such a scheme would attract global players, encourage domestic production, and support the industry?s infrastructure development. The council's recommendation aligns with broader efforts to promote India as a global hub for media and entertainment. By offering financial incentives, the USIBC expects the PLI scheme to foster innovation, support small and medium enterprises, and boost overall sectoral growth. Additionally, the USIBC has suggested that the scheme include provisions for digital content production, which is rapidly growing and integral to the media landscape. The proposed incentives could cover various aspects, from content creation to technological advancements and distribution networks. The USIBC?s call for a PLI scheme reflects its confidence in the sector?s potential and its commitment to supporting India?s economic and cultural development through strategic investments.

Related Stories

Gold Stories

Next Story
Infrastructure Urban

Infrastructure Opportunity Outlook by IMPACCT.Info

India’s infrastructure pipeline is witnessing dynamic activity across stages — from immediate bidding to future planning. IMPACCT segments these into three categories: Immediate, 3–6 Month, and Future Opportunities, enabling businesses to identify, prepare, and participate in high-value tenders and projects across sectors.To read full article Click Here ..

Next Story
Real Estate

Glass, Reframed!

Glass façades, quintessential aesthetic building envelopes globally, have been widely adopted in India as well. But when the focus is high-performance building systems that deliver energy efficiency, comfort and architectural identity, glass isn’t the only preference. Combination solutions, involving glass and some other material, improve façade outcomes. Some combinations come at comparable prices, some at a higher price. Here is a selection of performance-oriented solutions...To read the full story Click Here ..

Next Story
Infrastructure Urban

Beyond Building Faster

India’s cities are expanding at an unprecedented pace, bringing new infrastructure and development opportunities while also intensifying challenges around mobility, public spaces, liveability and supporting infrastructure. The question, therefore, is not simply whether India can build faster, but whether it can build cities that work better.At a CW webinar, Are We Designing Better Cities – or Just Building Faster?, moderator Ar. Samir Shaikh, Founding Principal, AR&UD Studio, brought together perspectives from design, development, master planning and technology...To read the full artic..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code