PLI Scheme has potential to position India in Global Value C

PLI Scheme has potential to position India in Global Value Chain
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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.

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