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Prime Minister Narendra Modi on Friday said the production-linked incentive (PLI) scheme would lead to output worth $520 billion in India in the next five years, while industry asked for clarity on implementation across sectors. Modi said the government was working at every level to promote industry through measures like ease of doing business, reducing the compliance burden, creating multi-modal infrastructure to reduce logistics costs, and constructing district-level export hubs. “Our effort is to reduce over 6,000 compliance burdens (for industry),” he said. The prime minister was speaking at a webinar organised by the Department for Promotion of Industry and International Trade and the NITI Aayog.
Mobile manufacturers on Friday requested the government to come up with policies that focus on competition with countries and not companies, sectoral industry body ICEA said in a statement. Addressing a webinar on production linked incentive scheme on Friday, Prime Minister Narendra Modi said the scheme, aimed at boosting domestic manufacturing and exports, is expected to increase the country s production by USD 520 billion in the next five years. The scheme was first notified to boost mobile manufacturing in the country, and later on, it was extended to other sectors after seeing traction of many global players in the segment, including Samsung, Apple s contract manufacturers, Dixon, and Lava.