IGI Logo

Commerce and Industry Minister Piyush Goyal has said the government is working to extend incentives under the production linked incentive (PLI) scheme to more sectors. The government has announced PLI schemes for 14 sectors, including white goods, textiles and auto components.  He mentioned ‘We came up with PLI for 14 sectors apart from semiconductor... We are willing to go the extra mile in other  sectors. We are working on a few PLI schemes already

The objective of the PLI scheme is to make domestic manufacturing globally competitive, create global champions in manufacturing, boost exports and create jobs. He stated there are demands for extending the PLI scheme for sectors like toys, certain electronic components, furniture and bicycles.

Besides, to promote manufacturing, he asked the industry to focus on standards, technology-led manufacturing, skill development, and sustainable development goals. On free trade agreements, he urged the industry to engage with the world and take advantage of these trade pacts as protectionism cannot continue.