The government has promised to provide a supportive business climate for PLI sectors: Inder Goyal

According to Union Minister Piyush Goyal, the government is dedicated to promoting an environment that is favourable for business and speeding development in the industries covered by the Production Linked Incentive (PLI) programme.

The Minister encouraged industry feedback and collaborative engagement while delivering the keynote address at a workshop on PLI organised by the Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce and Industry. This workshop was on PLI. According to a news release issued by the Ministry of Commerce and Industry on Wednesday, the workshop was planned in accordance with Prime Minister Narendra Modi’s goal of making India a centre for manufacturing on a global scale.

Participants came from a variety of companies, including Wistron, Foxconn, Samsung, Dell, Wipro GE, Dr. Reddy’s, Tata Motors, Mahindra & Mahindra, Nokia Solutions, ITC, Dabur, JSW, and Reliance.

Goyal, the Union Minister of Commerce and sector, emphasised the significance of the sector’s focus on creating high-quality goods that meet both the demands of the business and the needs of customers.

Additionally, he asked PLI recipients to raise any procedural difficulties or problems with the relevant implementing ministries or agencies in order to spur positive changes and improve the PLI program’s effectiveness and efficiency.

According to the press release, the Minister also said that in order to swiftly address the concerns, the Government officials of the implementing Ministry or Department must regularly engage and attend roundtable discussions with each of their individual PLI recipients.
According to the statement, incentives of over Rs 2,900 crores were paid out in 2022–2023 under PLI programmes.

The government developed Production Linked Incentive (PLI) programmes in a variety of industries as part of its Atmanirbhar and Make in India plans to increase exports, improve export competitiveness, attract investments, and integrate India into the global supply chain while lowering reliance on imports.