PLI schemes will result in manufacturing value $520 billion in subsequent 5 years: PM Modi

Prime Minister Narendra Modi on Friday stated the 13 production-linked incentive (PLI) schemes rolled out within the aftermath of the Covid-19 pandemic may result in an incremental manufacturing output of $520 billion and double the workforce in related sectors over the subsequent 5 years.
Addressing business leaders from the beneficiary-sectors by way of a webinar, the Prime Minister promised to scale back the burden of India Inc drastically by taking out as many as 6,000 compliance necessities, additional enhance ease of doing enterprise and create multi-modal infrastructure to trim logistics prices.
Industry executives from sectors starting from vehicles, electronics, telecom, prescription drugs, white items and textiles who attended the webinar, urged the PM and different authorities functionaries, to suitably empower the empowered group of secretaries which is overseeing the schemes so {that a} versatile method might be adopted in instances the place improvisations could also be required now and again.