PLI program to put India on a solid footing in the global value chain: Amitabh Kant
In a Q&A, NITI CEO Aayog says all sectors, not just manufacturing or services, will need to grow for India’s economic transformation
Amitabh Kant | IPL diet | NITI
Nikunj Ohri |
Last Updated Jun 22, 2022 11:54 PM IST
The Production Linked Incentives (PLI) scheme will help put India on a solid footing in the global value chain by building competitive businesses, Amitabh Kant, Managing Director of NITI Aayog, told Nikunj Ohri in a interview. The total investment committed under the PLI program now stands at 2.54 trillion rupees and is expected to create 5.9 million direct jobs. For India’s economic transformation, all sectors of the economy will need to grow, not just manufacturing or services, Kant said, adding that manufacturing and exports have played a key role in transforming economies such as as Japan, South Korea and China, and that India must learn from their experience. Edited excerpts:
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First published: Wednesday, June 22, 2022. 7:30 p.m. IST