‘Production-linked incentive package will boost local industry’, says formal sector

NEW DELHI: The extension of the production-linked incentive (PLI) scheme to ten sectors, including automobiles, textiles, steel and telecom, could go a long way providing a filip to manufacturing, exports, forex earnings, and employment, representatives of India Inc said on Wednesday. While the exact details are still awaited, the total outlay approved for the scheme stands at nearly Rs 2 lakh crore.

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