Context:
India’s production-linked incentive (PLI) schemes have led to investments of more than ₹1.25 lakh crore, Prime Minister Narendra Modi said.
Key Highlights:
- Launch:
- The PLI scheme was introduced in March, 2020 with an aim to strengthen the manufacturing in India and add to India’s contribution to the global supply chain.
- Ministry:
- MINISTRY OF NEW AND RENEWABLE ENERGY
- Objective:
- This scheme covers 14 sectors. It is targeted towards achieving considerable employment opportunities as well as driving industrial capital expenditure, or capex.
