PLI Schemes lead to production/ sales of Rs. 8.61 lakh crore and employment generation of over 6.78 lakh
Raghuram Rajan attacks Modi govt's productivity linked incentive scheme, but he is grossly wrong in his claims
Union cabinet approves incentive scheme to make India a global hub for electronics manufacturing including semiconductor and display industry
PLI scheme will lead to production of mobile phones worth Rs 10.5 lakh crores over next 5 years, 60% of which will be exported
According to an analysis done by the Department of Commerce, 98% of the exporters who claim MEIS will be unaffected by the changes
22 mobile phone and component manufacturing companies have filed applications under the PLI Scheme, to bring ₹11,000 crore investment
The proposal is expected to reduce red tape and set the country on its way to achieving a $5 trillion economy.
Announcements include a lot of awards and discounts to encourage adoption of digital payments.