Tag Archives: incentives linked to production

The Union Cabinet approved on Wednesday production-related incentives (PLI) worth up to ₹Rs 2 million lakh for 10 manufacturing sectors over the next five years. “This move will enhance India’s manufacturing capabilities,” Union Minister Prakash Javadekar said in announcing the decision. “The scheme will make Indian manufacturers globally competitive, attract …

India plans to offer incentives for value ₹1.68 trillion ($ 23 billion) to attract companies to establish manufacturing in the South Asian nation, people with knowledge of the matter said. The government of Prime Minister Narendra Modi will offer production-linked incentives to automakers, solar panel makers and specialty steel to …