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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