The Indian government has recently announced a new initiative to boost the country’s economy through the launch of the Production Linked Incentive (PLI) scheme. The scheme aims to attract foreign investment and boost domestic manufacturing in key sectors such as electronics, pharmaceuticals, and telecommunications. Under the PLI scheme, companies will receive incentives based on the incremental sales generated from products manufactured in India. This move is part of the government’s larger efforts to make India a global manufacturing hub and reduce its dependence on imports. The PLI scheme is expected to create job opportunities, increase exports, and enhance the country’s overall economic growth. Several major companies have already shown interest in participating in the scheme, signaling a positive response from the industry. With the implementation of the PLI scheme, the Indian government hopes to strengthen the country’s position in the global market and boost its manufacturing capabilities. This initiative aligns with the government’s vision of making India self-reliant and achieving sustainable economic development. The PLI scheme is set to play a crucial role in driving India’s economic growth and establishing it as a competitive player in the global economy.