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Secretary in the Department for Promotion of Industry and Internal Trade (DPIIT) Rajesh Kumar Singh has highlighted that the production-linked incentive (PLI) scheme is showing significant dividends across many sectors. He said the benefits under the PLI scheme are yielding positive results and thus, the government is considering extending the benefits of the PLI scheme to some labour-intensive sectors. The government provides financial incentives under the PLI scheme to as many as 14 sectors such as telecommunication, white goods, textiles and pharma.

Singh said the intention is to also roll out this PLI scheme for more labour-intensive sectors such as toys, leather and footwear and other such sectors where employment benefits will be more significant. He also said India attracted significant foreign direct investment (FDI) last year. He added ‘our FDI policy is practically open sky in the sense that except for defence and certain strategic sectors, everything else is open and is automatic’.

He further said that the country's macroeconomic fundamentals are strong and growing at a healthy rate. He added ‘we have a stable government and Regulatory systems are stable and predictable’ and due to this, India would be able to attract investments from across the world.