PLI Scheme has potential to position India in Global Value Chain
By IANS |
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India s pharma exports surge as tide turns against China. Image Source: IANS News
New Delhi, June 3 : Budget allocation of $20 billion to 13 core sectors of the economy, under the PLI scheme will encourage incentive-led manufacturing base and has the potential to position India in global value chain, a senior government official said on Thursday.
Additional Secretary, Department for Promotion of Industry and Internal Trade (DPIIT), Sumita Dawra, in her remarks in a virtual open house session on the Implications of PLI Scheme on India s Manufacturing and Trade Competitiveness, organised by the PHD Chamber of Commerce and Industry, stated that the PLI scheme can boost R&D, economies of scale, meeting quality standard and therefore, has the potential to create global champions in manufacturing.
Approval of Government of India on New Central Sector Production Linked Incentive Scheme for Food Processing Industry
Approval of Government of India on New Central Sector Production Linked Incentive Scheme for Food Processing Industry
S.No.
Monday, 05 April, 2021, 08 : 00 AM [IST]
Ashwani Maindola, New Delhi
Industry body CII welcomed the Production Linked Incentive scheme of Government of India and called it a game changer for the food processing industry. Food Industry CEOs in a survey of CII on PLI Scheme for Food Processing Industry expressed that the scheme will enable the sector with modern infrastructure.
Sanjiv Puri, chairman, CII National Council on Agriculture and Chairman and Managing Director ITC Limited, said that the PLI Scheme approved will be a game changer in boosting food processing investments, agri-exports, farmer incomes and in building Indian brands for the global market. This is a transformative step forward.
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