production linked incentive scheme

Manufacturing Sector to Receive Major Boost with PLI Scheme

India aims for a manufacturing boost through the Production-Linked Incentive (PLI) scheme, earmarking Rs 1.9 lakh crore across 14 sectors. Geared toward attracting foreign investment and fostering domestic champions, the scheme faces challenges of cost competitiveness and infrastructure gaps. Industry experts express optimism but stress effective implementation and addressing key hurdles.