PLI Investments in India Set to Reach ₹2 Lakh Crore, Piyush Goyal Reports Significant Job Growth
PLI Investments Projected to Exceed ₹2 Lakh Crore
Piyush Goyal, India's Union Commerce Minister, recently revealed that the Production-Linked Incentive (PLI) scheme has been instrumental in attracting substantial investments. With an expected reach of ₹2 lakh crore, this initiative plays a crucial role in the Make in India campaign.
Significant Job Creation Under the Scheme
In addition, Goyal announced a remarkable forecast of 12 lakh new jobs resulting from the PLI scheme. This growth demonstrates Prime Minister Narendra Modi's commitment to enhancing the country’s manufacturing capabilities and global competitiveness.
Industry Response and Future Outlook
Industry stakeholders are elated about the news, viewing it as a catalyst for economic acceleration in India. The collaborative efforts between the government and industries are expected to revitalize manufacturing sectors, boosting exports significantly.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.