Govt approves PLI scheme worth ₹2 lakh crore for 10 key sectors
'The scheme will make Indian manufacturers globally competitive, attract investment and enhance exports,' Javadekar said
'Financial support aimed at bringing investments into the country,' Sitharaman said
The Union Cabinet on Wednesday approved Production-Linked Incentives (PLI) worth up to ₹2 lakh crore for 10 manufacturing sectors for next five years. "This move will enhance India’s manufacturing capabilities," said Union minister Prakash Javadekar while announcing the decision. The 10 key sectors that will get the benefit of production-linked incentive include automobiles and auto components, pharmaceuticals drugs, specialty steel, capital goods, technology products, white goods (ACs and LEDs), telecom and networking products, textiles, high efficiency solar PV modules and advanced battery cells.