the government last year rolled out the scheme with an outlay of about rs 2 lakh crore for as many as 14 sectors including automobiles and auto components white goods textiles advanced chemistry cell acc and speciality steelfinance minister nirmala sitharaman on tuesday sought to know from india inc what is stopping them from getting into manufacturing when countries abroad are showing their belief in indiacountries abroad think india is the place to be right now fdis and fpis are coming retail investors believe in india she said and asked what is stopping india inc and if it was a case of lack of selfbelief advt the nda government will do everything for the industry to invest in india and provide the schemes required she said policies like pli tax cuts have been provided to support the private industry in india no policy can be the end in itself we will keep updating them the minister said at the 15th edition of the mindmine summita lot of foreign companies have been assured of indias facilitative ecosystem the finance minister said that a lot more companies are looking to move their manufacturing operations out of china and want to come to india as they find policies like pli attractive the government last year rolled out the scheme with an outlay of about rs 2 lakh crore for as many as 14 sectors including automobiles and auto components white goods textiles advanced chemistry cell acc and speciality steelthe scheme has been specifically designed to boost domestic manufacturing in sunrise and strategic sectors curb cheaper imports and reduce import bills improve cost competitiveness of domesticallymanufactured goods and enhance domestic capacity and exports the strategy behind the scheme was to offer companies incentives on incremental sales from products manufactured in india over the base yearcurrently the scheme covers sectors like automobiles and auto components specialty steel telecom and networking products and electronictechnology productsthe litmus test for india in the next 25 years is to see how we can benefit from our workforce the minister said in the case of the pli scheme we looked at its impact on our labour force we are looking for in situ solutions for msmes as locally they are the ones who train and employ so the policy has necessarily underlined the importance of labour sitharaman said advt demand for including sectors like certain electronic components toys furniture bicycle and containers has come against the backdrop of the governments move to cut imports and boost domestic manufacturingread more executives continue to leave tesla india as ev makers interest in country wanesthree executives of the original 12member india tesla team have departed the usbased electric carmaker since country policy head manuj khurana quit in june people in the know of the matter told etsee more details et online published on sep 13 2022 at 0126 pm ist telegram facebook copy link be the first one to comment comment now comments comment now read comment 1 all comments post post find