The production-linked incentive (PLI) schemes for food production, electronics, and white goods were welcomed by industry leaders.
The government’s support will boost India’s local production capabilities and export, they said.
On Wednesday, the Union Cabinet gave in-principle approval for fund allocation worth Rs 22,138 crore for the three sectors — food products, electronics and technology products, and white goods. While, the specifics of the PLI schemes are yet to be announced, it is expected to be notified within 45 days.
The Ministry of Electronics and Information Technology, Ministry of Food Processing Industries, and Department for Promotion of Industry and Internal Trade have been