https://www.taxtmi.com/news?id=41710 India seeks to raise manufacturing's GDP share to about 22-23% over two decades by prioritising 14 sunrise sectors (semiconductors, renewable energy components, medical devices, hydrogen, batteries, textiles, leather, etc.) and using the Production Linked Incentive scheme to promote sectors with high employment potential. The strategy aims to reduce import dependence, build competitive global supply chains, catalyse skilling and infrastructure demand, and rely on policy and tax predictability to attract investment. en-us Tue, 22 Apr 2025 20:31:03 +0530 Tue, 22 Apr 2025 20:31:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=41710 India seeks to raise manufacturing's GDP share to about 22-23% over two decades by prioritising 14 sunrise sectors (semiconductors, renewable energy components, medical devices, hydrogen, batteries, textiles, leather, etc.) and using the Production Linked Incentive scheme to promote sectors with high employment potential. The strategy aims to reduce import dependence, build competitive global supply chains, catalyse skilling and infrastructure demand, and rely on policy and tax predictability to attract investment. News - Tue, 22 Apr 2025 20:31:03 +0530 https://www.taxtmi.com/news?id=41710