ISO 9001:2015 Certified
closex Call Us 11-23320714, 23721504, ficci@ficci.com

 Upcoming Event
to forge a partnership on Technology Commercialization Initiative, FICCI-AMITY and IC2 Institute University

More sectors to receive production incentives, says NITI CEO Aayog 

The US Express News , Oct 31, 2020

The government will provide incentives for manufacturing in more sectors, but the tariff protections offered to encourage domestic producers will only be for a limited period, said Rajiv Kumar, Vice President of federal policy think tank NITI Aayog.
He said measures intended to support economic recovery will be made in compliance with international rules, addressing fears that nations are turning more inward as they nurture the deep wounds left by the pandemic.

“If any support is given to local companies, it will be aimed at gaining global competitive capacity, and any support given to them through tariffs will have an integrated sunset clause. “I want to emphasize India’s commitment to an open order and a global economy,” he said.
Policymakers are currently focusing on improving self-sufficiency in many areas of the economy. This is being done while the Indian economy stays open and respects a “multilateral order-bound order” and “this does not mean, in any sense, any form of isolation, closed economy or protectionism,” Kumar said.

He was speaking at a virtual conference on ‘achieving sustainable growth in a turbulent and disruptive global market’ organized by the Asia-Pacific Confederation of Chambers of Commerce and Industry and the Federation of Indian Chambers of Commerce and Industry.

The idea, he said, is to encourage investors to deploy globally comparable capacities in scale and competition.

 

 

Also Read

Production linked incentive scheme incentivising investment in globally comparable capacities: Dr Rajiv Kumar, Vice Chairman, NITI Aayog

India to pursue self reliance, support domestic entrepreneurs : Rajiv Kumar, Vice Chairman, Niti Aayog     

Govt to provide production-linked incentives to more sectors: Niti Aayog     

India to pursue self reliance, support domestic entrepreneurs, says Niti Aayog VC Rajiv Kumar     

Govt to provide production-linked incentives to more sectors: Niti Aayog     

Govt to provide production-linked incentives to more sectors: Niti Aayog     

Centre may offer production-linked incentives to auto sector: Niti Aayog     

Protection from imports time bound, says NITI Aayog Vice-Chairman     

Govt to provide production-linked incentives to more sectors: Niti Aayog     

Government to provide production-linked incentives to more sectors: Niti Aayog     

Govt to provide production-linked incentives to more sectors, says Niti Aayog     

Asia-Pacific will be far more vibrant driving force for global economy: NITI Aayog VC     

India to pursue self reliance;will remain open for investors : Rajiv Kumar     

Govt to provide production-linked incentives to more sectors: Niti Aayog     

Govt to provide production-linked incentives to more sectors: Niti Aayog     

Niti Aayog: India to pursue self reliance, assist home entrepreneurs : Rajiv Kumar, Vice Chairman, Niti Aayog     

Govt to provide production-linked incentives to more sectors, says Niti Aayog     

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

Govt to provide production-linked incentives to more sectors: Niti Aayog     

Governments that provide production-related incentives to more sectors: Niti Aayog     

Govt to provide production-linked incentives to more sectors, says Niti Aayog     

Govt to provide production-linked incentives to more sectors, says Niti Aayog     

India will support domestic entrepreneurs in self reliance: NITI Aayog Rajiv Kumar     

Govt to provide production-linked incentives to more Sectors, Says Niti Aayog     

India to pursue self reliance, encourage domestic entrepreneurs, says Rajiv Kumar     

Govt to provide production-linked incentives to more sectors, says Niti Aayog     

Government to offer production-linked incentives to more sectors: Report     

Govt to provide production-linked incentives to more sectors, says Niti Aayog     

Govt to provide production-linked incentives to more sectors: Niti Aayog     

Govt to provide production-linked incentives to more sectors: Niti Aayog     

Government to provide production-linked incentives to more sectors: Niti Aayog     

Asia-Pacific will be far more vibrant driving force for global economy: NITI Aayog VC     

India aims production-linked incentive schemes for 9-10 more sectors     

'India to pursue self reliance, support domestic entrepreneurs'     

Government to provide production-linked incentives to more sectors: Niti Aayog     

Govt to provide production-linked incentives to more sectors: VC Niti Aayog     

India to support domestic businesses: Niti Aayog     

Asia-Pacific will be far more vibrant driving force for global economy: NITI Aayog VC     

India to pursue self reliance, support domestic entrepreneurs : Rajiv Kumar     

More sectors to get production incentives, says NITI Aayog CEO     

More sectors to get production incentives, says NITI Aayog CEO     

NITI Aayog plans to offer PLI benefits to more sectors     

Production linked incentive scheme incentivising investment in globally comparable capacities: Dr Rajiv Kumar, Vice Chairman, NITI Aayog     

India to pursue self reliance, encourage domestic entrepreneurs, says Rajiv Kumar     

To encourage production, the scope of the incentive project will increase, the price of the product will decrease     

Production incentives for more sectors; tariff protection temporary: NITI Aayog     

34th CACCI confce discusses global economic disruptions     

Event:

 34th CACCI Annual Conference