https://www.taxtmi.com/news?id=24840 The Production Linked Incentive (PLI) initiative creates a central, multi-year incentive framework to boost manufacturing, employment and exports across specified priority sectors. It covers three pre-existing sectors and ten newly approved sectors, plus a subsequently approved drones sector, with implementation by the relevant Ministries/Departments. Sector selection is based on recommendations after inter-ministerial deliberation and requires Cabinet approval for inclusion; no expansion proposals are currently pending from the recommending body. The schemes aim to attract investment, improve efficiency, and integrate Indian manufacturers into global value chains. en-us Fri, 17 Dec 2021 17:23:41 +0530 Fri, 17 Dec 2021 17:23:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=24840 The Production Linked Incentive (PLI) initiative creates a central, multi-year incentive framework to boost manufacturing, employment and exports across specified priority sectors. It covers three pre-existing sectors and ten newly approved sectors, plus a subsequently approved drones sector, with implementation by the relevant Ministries/Departments. Sector selection is based on recommendations after inter-ministerial deliberation and requires Cabinet approval for inclusion; no expansion proposals are currently pending from the recommending body. The schemes aim to attract investment, improve efficiency, and integrate Indian manufacturers into global value chains. News - Fri, 17 Dec 2021 17:23:41 +0530 https://www.taxtmi.com/news?id=24840