Contemplating extension of PLI scheme to some labour-intensive sectors: DPIIT Secretary

The advantages beneath the production-linked incentive (PLI) scheme are yielding constructive outcomes and there may be an intention to roll out these assist measures for extra labour-intensive sectors akin to toys, leather-based and footwear, a prime authorities official mentioned on Wednesday. The federal government supplies monetary incentives beneath the PLI scheme to as many as 14 sectors akin to telecommunication, white items, textiles and pharma.

“PLI scheme is displaying important dividends throughout many sectors. The intention is to additionally roll out this PLI scheme for extra labour-intensive sectors akin to toys, leather-based and footwear and different such sectors the place employment advantages can be extra important,” Secretary within the Division for Promotion of Trade and Inner Commerce (DPIIT) Rajesh Kumar Singh mentioned right here at an trade interplay.

He additionally mentioned that India has attracted important international direct funding (FDI) final yr.

“Our FDI coverage is virtually open sky within the sense that apart from defence and sure strategic sectors, the whole lot else is open and is automated,” he mentioned.

Singh mentioned that the macroeconomic fundamentals of the nation are robust and it’s rising at a wholesome fee.

“Now we have a steady authorities and Regulatory methods are steady and predictable” and on account of this, India would be capable of entice investments from internationally, he added.

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