The Indian government aims to boost domestic manufacturing and increase exports to USD 500 billion by 2030 from 10-11 sectors, including automobiles, pharma, textiles, medical devices, and chemicals. The Commerce and Industry Ministry held a meeting to discuss these issues, which were discussed during the Chintan Shivir for Manufacturing. The 11 sectors include auto components, automobiles, capital goods, chemicals, drones, medical devices, aerospace and defense, leather and footwear, textiles, and space.
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However, the industry must remember that the PLI scheme is for five years only, and it must use these five years to make Indian manufacturing globally competitive