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Govt to Provide Production-linked Incentives to More Sectors, Says Niti Aayog

File Photo of Niti Aayog. (PTI Photo)

Addressing a digital occasion organised by trade physique FICCI, Kumar additionally highlighted the federal government’s efforts to push electrical mobility or e-mobility within the nation.

  • PTI
  • Last Updated: October 30, 2020, 16:07 IST
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New Delhi: The authorities will introduce the production-linked incentive (PLI) scheme for extra sectors to spice up home manufacturing, Niti Aayog Vice Chairman Rajiv Kumar stated on Friday. Addressing a digital occasion organised by trade 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 vehicles on the street are two- and three-wheelers and we want to shift them to electric mobility going forward. We have finalised standard of charging for two- and three-wheelers,” he stated. On alternatives and amenities for traders, Kumar stated, “We will, while attracting FDI, also repose our faith and trust in those who have already invested in India. And we want to recognise them by giving much better logistics, much better infrastructure.” For this purpose, “we have brought out what is called PLI scheme which will be valid for about9-10 sectors very soon,” Kumar added. The authorities has already launched the PLI scheme for pharmaceutical, medical units, cellphones and digital manufacturing firms. It is now contemplating to increase the scheme to different sectors as nicely.

TheNiti Aayog vice chairman, nonetheless, didn’t specify which sectors is likely to be made eligible for the incentives. “The objective of the PLI scheme is to incentivise investors in this country to put up globally comparable capacity in scale and competitiveness,” he stated.

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