Govt to supply production-linked incentives to extra sectors: Niti Aayog

The federal government will introduce the production-linked incentive (PLI) scheme for extra sectors to spice up home manufacturing, Vice Chairman Rajiv Kumar stated on Friday.

Addressing a digital occasion organised by business physique FICCI, 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 need to shift them to electrical mobility going ahead. We’ve got finalised commonplace of charging for two- and three-wheelers,” he stated.

On alternatives and services for traders, Kumar stated, “We are going to, whereas attracting FDI, additionally repose our religion and belief in those that have already invested in India. And we need to recognise them by giving a lot better logistics, a lot better infrastructure.”

For that reason, “we now have introduced out what known as PLI scheme which might be legitimate for about9-10 sectors very quickly,” Kumar added.

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

TheNiti Aayog vice chairman, nonetheless, 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.

(Solely the headline and movie of this report might have been reworked by the Enterprise Commonplace workers; the remainder of the content material is auto-generated from a syndicated feed.)

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