Just days ahead of Diwali, the Union Cabinet on Wednesday approved offering Rs 2 lakh crore worth of production-linked incentives to 10 more sectors to boost domestic manufacturing.
Briefing reporters after a meeting of the Cabinet, Information and Broadcasting Minister Prakash Javadekar said production-linked incentives will be offered for sectors such as white goods manufacturing, pharmaceutical, specialised steel, auto, telecom, textile, food products, solar photovoltaic, and cell battery.
Out of this, the automobile and auto components sector is likely to get the lion's share of the outlay at almost Rs 57,000 crore.
To discuss more about the expansion of the PLI scheme and it is impact on the sectors, CNBC-TV18’s Shereen Bhan spoke to one of the architects of the scheme -- Amitabh Kant, CEO of Niti Aayog. She also spoke to Pawan Goenka, MD & CEO of M&M.
Watch the video for more