Prime Minister Narendra Modi has said, the Production Linked Incentive Scheme (PLI) will create a necessary ecosystem for various industries to boost their production and manufacturing of quality products. The Prime Minister was speaking today at a webinar of the Department for Promotion of Industry and Internal Trade and Niti Aayog on PLI Scheme. This scheme has been launched to make the country self reliant in various sectors by providing incentives to the industries to boost the production.
Mr Modi has stressed on the need to improve the quality of indigenously manufactured products to make them more competitive and acceptable across the world.
The Prime Minister added that the scheme will also enhance the export capabilities of the industries, generate employment and improve income.
Mr Modi said provisions of more than two lakh crore rupees have been made in the budget for the PLI scheme and it is expected that it will lead to production of products worth of 520 billion dollars in the coming five years.
Referring to declaration of year 2023 as the International Year of Millets, the Prime Minister appealed to the agriculture and food processing sectors to use this golden opportunity to enhance the production and processing of millets.