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Govt to supply production-linked incentives to extra sectors, says Niti Aayog 

Xpress News , Oct 30, 2020

The federal government will introduce the production-linked incentive (PLI) scheme for extra sectors to spice up home manufacturing, Niti Aayog Vice Chairman Rajiv Kumar stated 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 stated “85 per cent of autos on the road are two- and three-wheelers and we wish to shift them to electrical mobility going ahead. We have now finalised customary of charging for two- and three-wheelers,” he stated. On alternatives and services for traders, Mr. Kumar stated, “We’ll, whereas attracting FDI, additionally repose our religion and belief in those that have already invested in India. And we wish to recognise them by giving a lot better logistics, a lot better infrastructure.”

For that reason, “we’ve got introduced out what is named PLI scheme which shall be legitimate for about 9-10 sectors very quickly,” Mr. Kumar added.

The federal government has already launched the PLI scheme for pharmaceutical, medical gadgets, cell phones and digital manufacturing corporations. It’s now contemplating to increase the scheme to different sectors as properly.

The Niti Aayog vice chairman, nevertheless, didn’t specify which sectors is likely to be made eligible for the incentives.

“The target of the PLI scheme is to incentivise traders on this nation to place up globally comparable capability in scale and competitiveness,” he stated.

 

 

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