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of <h1>India Boosts Manufacturing with Tax Reforms, PLI Scheme, and 'Make in India' to Attract Record Foreign Investments.</h1> The Government of India has implemented numerous initiatives to bolster the manufacturing sector, aiming to enhance domestic and foreign investments. Key measures include the introduction of the Goods and Services Tax, corporate tax reductions, and reforms to improve business ease. The Production Linked Incentive (PLI) Scheme, with an outlay of INR 1.97 lakh crore, targets 14 key sectors to boost production and exports. Significant schemes like 'Make in India,' the Industrial Corridor Development Programme, and the National Single Window System aim to simplify investment processes. These efforts have led to increased Foreign Direct Investment, with India recording its highest annual FDI inflow of US$ 84.84 billion in 2021-22.
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