FIEO welcomes govt. approval on PLI Scheme to attract FDI

  • Industry News
  • Nov 27,20
Apart from boosting MSME sector, the Scheme will further help in enhancing the skill sets generating employment opportunities across the country during such challenging and tiring times.
FIEO welcomes govt. approval on PLI Scheme to attract FDI

Welcoming the government’s decision to approve the Production Linked Incentive (PLI) Scheme, Sharad Kumar Saraf, President Federation of Indian Export Organisations (FIEO) lauded the government’s decision and said that this will felicitate the vision of Make in India and AatmaNirbhar Bharat.

President Saraf also believed that this will make products and Brand India globally competitive. By helping the manufacturing sector to ensure economies of scale with modern and high-end technology, the scheme will boost investment, attract FDI, scale up domestic capacity and enhance exports in a big way, making India a major player in the global value chain held Sharad Kumar Saraf.

Besides giving a boost to the micro, small and medium enterprises, FIEO Chief added that the Scheme will further help in enhancing the skill sets generating employment opportunities across the country during such challenging and tiring times.

Inclusion of 10 sectors like advance chemistry cell battery, electronic/technology products, automobile & auto components, pharmaceutical drugs, telecom & networking products, textiles products, food products, high efficiency solar PV modules, white goods (ACs & LED) and speciality steel will reduce import dependence on these products providing a level playing field to the domestic sector.

Saraf also added that the scheme in the long-run will help in containing trade deficit further adding to the country’s growth story. 

Related Stories

Process Equipment
Trump’s pharma orders may hit Indian exports

Trump’s pharma orders may hit Indian exports

Trump's policy push aims to boost domestic production, grant faster approvals to U.S.-based facilities, conduct stricter inspections of foreign plants, and impose higher compliance fees on overseas ..

Read more
Machine Tools & Accessories
 Aluminium sector resilient amid tariff shifts

Aluminium sector resilient amid tariff shifts

With nearly half of India's primary aluminium production exported globally, competition may intensify in traditional markets as other exporters divert supplies due to US restrictions.

Read more
Policy Regulation
India-UK FTA aligns with the country’s vision to achieve $ 2 trn exports: AIAI

India-UK FTA aligns with the country’s vision to achieve $ 2 trn exports: AIAI

Sectors expected to benefit from India-UK FTA include labour-intensive industries such as textiles, marine products, toys, gems and jewellery, engineering goods, automotive components, and organic c..

Read more

Related Products

Heavy Industrial Ovens

INDUSTRIAL SUPPLIES

Hansa Enterprises offers a wide range of heavy industrial ovens.


Read more

Request a Quote

High Quality Industrial Ovens

INDUSTRIAL SUPPLIES

Hansa Enterprises offers a wide range of high quality industrial ovens. Read more

Request a Quote

Hydro Extractor

INDUSTRIAL SUPPLIES

Guruson International offers a wide range of cone hydro extractor. Read more

Request a Quote

Hi There!

Now get regular updates from IPF Magazine on WhatsApp!

Click on link below, message us with a simple hi, and SAVE our number

You will have subscribed to our Industrial News on Whatsapp! Enjoy

+91 84228 74016