INSUBCONTINENT EXCLUSIVE:
New Delhi: Aiming to enhance domestic manufacturing and job creation, mindful of the economy being in a tailspin, the Union Cabinet
Wednesday approved a Productivity Linked Incentive (PLI) scheme for 10 key sectors, with an outlay of Rs 1,45,980 crores, which is part of
encouraged in sectors like advanced chemistry cell (ACC) batteries, white goods, speciality steel, pharmaceuticals, auto components, food
national programme for manufacturing ACC batteries domestically
These are widely used in e-vehicles -- whose promotion is a pet project of the NDA government.ACC battery production is among the 10 key
sectors identified by the Centre for inclusion in the PLI scheme
elaborating on the scheme to the media after the Cabinet meeting, said there would not be any cap on the number of companies participating
However, any new sector that has to be included in the scheme will need fresh Cabinet approval.Official sources said the Centre included
these 10 sectors as these are areas where India as a significant marketshare in production for global markets, and after inclusion not only
