PLI Scheme To Boost India's Manufacturing Output By USD 520 Billion In 5 Years: PM

PLI Scheme To Boost India's Manufacturing Output By USD 520 Billion In 5 Years: PM

Outlook

Prime Minister Narendra Modi on Friday said production linked incentive (PLI) scheme, which is aimed at boosting domestic manufacturing and exports, is expected to increase the country's production by USD 520 billion in the next five years.

Addressing a webinar on PLI scheme, organised by Department of Industry and International Trade (DPIIT) and NITI Aayog, through video conference, Modi said the government is continuously carrying out reforms to boost domestic manufacturing.

In this year's Budget, about Rs 2 lakh crore was earmarked for the PLI scheme for the next five years and "there is an expectation that the scheme would result in increasing the production by about USD 520 billion in the next five years", he said.

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