Union Cabinet Approves Rs 2 Lakh Crore To Boost Domestic Manufacturing

Information and Broadcasting Minister Prakash Javadekar on November 11 announced that 10 key sectors will receive funds worth Rs 2 lakh crore under the Production Linked Incentives (PLI) scheme. As per the announcement, various industries, including the textiles and the solar power systems, will get financial incentive to boost domestic manufacturing. He added, "This move will enhance India’s manufacturing capabilities." Meanwhile, Finance Minister Nirmala Sitharaman urged the ministries concerned to implement the scheme immediately.