Government approves Rs 2 lakh crore PLI scheme for 10 sectors

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Government approves Rs 2 lakh crore PLI scheme for 10 sectors

NEW DELHI: The Union Cabinet on Wednesday approved a Rs 2 lakh crore production linked investment (PLI) scheme for 10 sectors in order to boost domestic manufacturing in the country.
Addressing the media after the meeting, Union minister Prakash Javadekar said, “The Union Cabinet has approved PLI scheme for ten key sectors for enhancing India‚Äôs manufacturing capabilities and enhancing exports.”
“The scheme will make Indian manufacturers globally competitive, attract investment and enhance exports,” he added.
Under the scheme, production-linked incentives will be given to sectors such as auto, pharma, telecom, textile, food product, solar PV, white goods manufacturing, and specialized steel.


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