The Narendra Modi government at the Center has taken a big step to increase production, exports and employment. After the meeting of the Union Cabinet, Information and Broadcasting Minister Prakash Javadekar said that the cabinet has approved the PLI scheme to increase manufacturing capacity.

The Narendra Modi government at the Center has taken a big step to increase production, exports and employment. After the meeting of the Union Cabinet, Information and Broadcasting Minister Prakash Javadekar said that the cabinet has approved the PLI scheme to increase manufacturing capacity.

He said, the government will give a production-linked incentive (PLI) of two lakh crore rupees in 10 sectors to encourage domestic manufacturing. This scheme will make Indian manufacturers globally competitive, attract investment and increase exports. This will increase production, exports and employment.

He said that the benefit of production-based incentive scheme would be available to investors in industries like refrigerators, products like washing machines, medicines, special types of steel, vehicles, telecommunications, textiles, food products, solar photovoltaic and mobile phone batteries.