Govt to provide production-linked incentives to more sectors, says Niti Aayog
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The Niti Aayog vice chairman, nonetheless, didn’t specify which sectors is perhaps made eligible for the incentives.
The authorities will introduce the production-linked incentive (PLI) scheme for more sectors to enhance home manufacturing, Niti Aayog Vice Chairman Rajiv Kumar mentioned on Friday.
Addressing a digital occasion organised by trade physique FICCI, Mr. Kumar additionally highlighted the federal government’s efforts to push electrical mobility or e-mobility within the nation.
He mentioned “85 per cent of vehicles on the street are two- and three-wheelers and we want to shift them to electric mobility going forward. We have finalised standard of charging for two- and three-wheelers,” he mentioned. On alternatives and services for buyers, Mr. Kumar mentioned, “We will, while attracting FDI, also repose our faith and trust in those who have already invested in India. And we want to recognise them by giving much better logistics, much better infrastructure.”
For this purpose, “we have brought out what is called PLI scheme which will be valid for about 9-10 sectors very soon,” Mr. Kumar added.
The authorities has already launched the PLI scheme for pharmaceutical, medical units, cell phones and digital manufacturing corporations. It is now contemplating to prolong the scheme to different sectors as nicely.
The Niti Aayog vice chairman, nonetheless, didn’t specify which sectors is perhaps made eligible for the incentives.
“The objective of the PLI scheme is to incentivise investors in this country to put up globally comparable capacity in scale and competitiveness,” he mentioned.
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