In which of the sectors the Production Linked Incentive PLI Scheme has been allowed by the Central G...........

Current GK ( Master) Sustainable Development and Envirnmental Issues

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In which of the sectors, the Production-Linked Incentive (PLI) Scheme has been allowed by the Central Government?

Telecom
Steel
Electronics
Solar photo-voltaic modules

1, 4 and 3

1, 2 and 3

1 and 2

1,2 , 3 and 4

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Explanation:

Answer(4)

The PLI scheme aims to give companies incentives on incremental sales from products manufactured in domestic units.

The scheme invites foreign companies to set units in India, however, it also aims to encourage local companies to set up or expand existing manufacturing units.

The Union Cabinet has given its approval to introduce the Production-Linked Incentive (PLI) Scheme in 10 more sectors for enhancing India’s manufacturing capabilities and exports (Atmanirbhar Bharat).

The ten sectors include food processing, textiles, specialty steel, electronics, automobiles and auto components, telecom, solar photovoltaic modules and white goods such as air conditioners and LEDs.

Earlier, the government had announced the PLI scheme for medical devices, mobile phones and specified active pharmaceutical ingredients, with a proposed outlay of Rs. 51,311 crore.