India must focus on sectors in which it has competitive edge over other countries: Goyal
Expressing the need for becoming self-reliant in the key sectors covered under the Production Linked Incentive (PLI) Scheme, Union Minister of Commerce and Industry, Piyush Goyal has said that India must focus on the sectors in which India has competitive edge over other countries and address the problems faced by the various stakeholders so that country’s exports can grow.
During the review meeting on PLI Scheme, Goyal emphasized that the Ministries should focus on creating quality skilled manpower instead of focusing on the quantity and resolve infrastructure bottlenecks in collaboration with National Industrial Corridor Development Corporation (NICDC). He also stressed on preparing a roadmap for the next five years both on investment and disbursement.
Meanwhile, Production Linked Incentive Scheme is one of the notable initiatives for making India ‘Aatmanirbhar’ in the manufacturing sector. The impact of PLI Schemes has been significant across various sectors in India. These schemes have incentivized domestic manufacturing, leading to increased production, job creation and a boost in exports.
