Listed: 14 key sectors for which PLI schemes have been announced

India has announced Production Linked Incentive (PLI) Schemes for 14 key sectors with an outlay of over $26 billion to enhance manufacturing and exports. The purpose of the schemes is to attract investment in key sectors, ensure efficiency and make Indian companies globally competitive. Over 733 applications were received, with 176 MSMEs selected among the beneficiaries. PLI schemes are expected to significantly boost employment and economic growth over the next five years. The 14 sectors include pharmaceuticals, automobiles, textiles, food products and drones. All schemes have been notified and follow key technology criteria for economic benefits.

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