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How PLI scheme is boosting Indian manufacturing -Jagadish Shettigar and Pooja Misra

-Livemint.com

The production-linked incentive (PLI) scheme is a central government scheme that seeks to make India an efficient, equitable and resilient manufacturing hub, on the lines of Prime Minister Narendra Modi’s call for a self-reliant India. Mint explains:

The production-linked incentive (PLI) scheme is a central government scheme that seeks to make India an efficient, equitable and resilient manufacturing hub, on the lines of Prime Minister Narendra Modi’s call for a self-reliant India. Mint explains:

* What are the key goals of the PLI scheme?

The scheme aims to make India self-reliant in manufacturing goods for local and export markets, positioning it as a global manufacturing hub. It also aims to make domestic manufacturing competitive and efficient, build capacity, and benefit from economies of scale, enhance exports, attract investment and create jobs. The success story of special economic zones (SEZs) only adds credence to the impact that this scheme can also have on the economy. The scheme is on the lines of ‘Made in China 2025’ which aims at enhancing competitive strength of selected sectors.

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