• Nov 27,20
• Industry News

FIEO welcomes govt. approval on PLI Scheme to attract FDI

Welcoming the government’s decision to approve the Production Linked Incentive (PLI) Scheme, Sharad Kumar Saraf, President Federation of Indian Export Organisations (FIEO) lauded the government’s decision and said that this will felicitate the vision of Make in India and AatmaNirbhar Bharat.

President Saraf also believed that this will make products and Brand India globally competitive. By helping the manufacturing sector to ensure economies of scale with modern and high-end technology, the scheme will boost investment, attract FDI, scale up domestic capacity and enhance exports in a big way, making India a major player in the global value chain held Sharad Kumar Saraf.

Besides giving a boost to the micro, small and medium enterprises, FIEO Chief added that the Scheme will further help in enhancing the skill sets generating employment opportunities across the country during such challenging and tiring times.

Inclusion of 10 sectors like advance chemistry cell battery, electronic/technology products, automobile & auto components, pharmaceutical drugs, telecom & networking products, textiles products, food products, high efficiency solar PV modules, white goods (ACs & LED) and speciality steel will reduce import dependence on these products providing a level playing field to the domestic sector.

Saraf also added that the scheme in the long-run will help in containing trade deficit further adding to the country’s growth story. 

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