[1] Objective of these schemes entail Make in India, incentivising foreign manufacturers to start production in India and incentivise domestic manufacturers to expand their production and exports.
[1] The Government of India (GoI) has introduced Rs 1.97 lakh cr (US$28 b) PLI schemes for 13 sectors.
[2] For example, one of these sectors is the Automotive industry in India, for which GoI introduced 3 schemes, a Rs.
[2] These schemes will reduce pollution, climate change, carbon footprint, reduce oil and fuel import bill through domestic alternative substitution, boost job creation and economy.
[3] Society of Indian Automobile Manufacturers welcomed this as it will enhance the competitiveness and boost growth.