Amit Shah lauds Cabinet's 'landmark' decision on PLI; cites importance on Indian economy

After Union Cabinet gave d to Production-Linked Incentive (PLI) in 10 key sectors, Union Home Minister Amit Shah on Wednesday said that this decision will give 'right impetus' to Indian ecomy. 'This step also aims at promoting job creation, linking India to global value chain & building a self-reliant India,' he ded. Amit Shah informed that with introduction of PLI scheme, India will become an important manufacturing and investment hub. 

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Amit Shah thanks PM Modi & Union Cabinet

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Taking to Twitter, Amit Shah thanked PM Modi and Union Cabinet for extending 'Viability Gap Funding' to social sector on a PPP basis. Speaking furr, Minister said that this move by government will give a major boost to health and education projects. Shah highlighted that extension of Viability Gap Funding will help to strengn social sector. 

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Union Cabinet approves PLI scheme

Union Cabinet on vember 11 gave permission to introduce Production-Linked Incentive (PLI) scheme in 10 main sectors as it will help to enhance India's manufacturing capabilities and exports. overall approved financial outlay for se 10 key sectors by Union Cabinet is Rs 1,45,980. 

sectors which have been identified under this scheme include vanced Chemistry cell (ACC) battery (approved financial outlay over a five year period of Rs 18,100 crore), electronic/techlogy products (Rs 5,000 crore), automobile and auto component (Rs 57,042 crore), pharmaceuticals and drugs (Rs 15,000 crore), telecom and networking products (12,195 crores), textile products (Rs 10,683 crore), food products (Rs 10,900 crore), high efficiency solar photovoltaic modules (Rs 4,500 crore), white goods (ACs and LEDs) (Rs 6,238 crore) and speciality steel (Rs 6,322 crore). 

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(With ANI inputs)