The Indian government has announced a new initiative to boost the economy in the form of the Production-Linked Incentive (PLI) scheme. This scheme aims to attract investments in various sectors such as electronics, pharmaceuticals, and automobiles, among others. The PLI scheme offers incentives to companies in these sectors to increase their production and make India a hub for manufacturing. With this scheme, the government hopes to create job opportunities, increase exports, and boost the overall growth of the economy. Several companies have already shown interest in the PLI scheme and have committed to investing in India. The scheme is part of the government’s efforts to make the country self-reliant and reduce its dependence on imports. It is expected to have a significant impact on the Indian economy and help it recover from the effects of the COVID-19 pandemic. The PLI scheme is a step in the right direction towards making India a global manufacturing powerhouse.

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