Prime Minister Narendra Modi<\/a> on Friday said the Production Linked Incentive (PLI) scheme, aimed to boost domestic manufacturing and exports, is expected to increase the country's production by $520 billion in the next five years. 总理莫迪上周五说,生产与激励(PLI)计划,旨在促进国内制造业和出口,预计将增加该国生产的5200亿美元在未来五年。
At a webinar on PLI schemes, Modi also said that the government aims to reduce 6,000 compliances at the central and state level.
\"$520 billion of production is estimated to take place in India in the next five years through PLI alone. There is also an estimate that workforce will double in the sectors that have been given PLI. This will help increase income and demand,\" Modi said while addressing India Inc at the webinar organised by the Department of Industry and International Trade and NITI Aayog.
He said the government has provided for Rs 2 lakh crore in this year's budgfor PLI schemes wherein an average 5% of production has been given as incentive.
The Centre has announced 13 PLI schemes in wake of the Covid-19 pandemic last year to encourage large companies to ramp up manufacturing base and boost exports from India. The total incentives under the PLI schemes, covering sectors such as telecom, electronics, auto part, pharma, chemical cells and textiles, are pegged at Rs 1.97 lakh crore over a five-year period.
\"We have to change the situation of exporting to limited products to limited countries from limited locations,\" Modi said.
Emphasising that earlier, industrial incentives meant open ended provisions but now they're target and performance-based, Prime Minister said: \"To bring 13 sectors in such PLI shows our commitment. Besides impacting the respective sectors, they will benefit the ecosystem\".
Modi also said the quality of our products is good, people will be willing to pay extra for it and that India has to attract more cutting edge technology and investment in sectors with core competency.
\"Our effort is to reduce 6,000 compliances burden on entities at the state and Central level. With technology, we can get rid of the need to continuously fill up forms,\" he said.
The government, Modi said, is working to reduce compliance burden, further improve ease of doing business and cut down logistics costs for the industry.
\"We believe government's interference in every issue creates problems rather than solutions. Hence, our focus is on self regulation, self attestation, self certification,\" he said.
Sectoral impact
In auto and pharma, Modi said PLI will help reduce foreign dependence on auto parts, medical equipment and raw material for drugs while the support given to advance cell batteries, solar PV modules and specialty steel would help modernise the country's energy sector, giving a boost to India's own raw material, labour and talent.
Modi said textile and food processing PLI will benefit the entire agriculture sector.
\"Like there is Made in India vaccine to protect people from Covid-19, there should be made in India millets to
prevent people from falling ill,\" he said, referring to the United Nations declaring 2023 as the International Year of Millets.
Modi said the PLI in electronics will improve domestic value addition to 20-30% from 5-10% now. In telecom equipment manufacturing, Rs 2.5 lakh crore production in next five years iss expected and India can benefit from the export opportunity of Rs 2 lakh crore. Similarly, an increase in pharma production of Rs 3 lakh crore and exports of Rs 2 lakh crore is estimated.
\"Rs 35,000 crore production was done during the pandemic under the PLI scheme<\/a> for electronics and new investment of Rs 1300 crore has come,\" he said.
While successful efforts have been undertaken to encourage the Make in India initiative in the last 6-7 years, Modi said to take these efforts to the next level, big steps and improved speed and scale have to be taken.
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在PLI方案研讨会,莫迪还表示,政府旨在减少6000遵从性在中央和国家的水平。
“5200亿美元的估计发生在印度生产在未来五年内通过PLI孤单。还有一个估计,劳动力在部门得到PLI的两倍。这将有助于增加收入和需求,”莫迪说同时解决印度公司在国际贸易行业和部门组织的研讨会和镍钛Aayog。
中心宣布13 PLI计划在去年Covid-19大流行后,鼓励大型企业加大生产基地和促进出口来自印度。总激励PLI方案下,电信等行业、电子、汽车,医药,化学电池和纺织品,挂钩在五年期间1.97十万的卢比。
“我们必须改变出口产品有限的情况下有限的国家有限的位置,”莫迪说。
早些时候强调,工业激励意味着开放性规定但现在他们的目标和绩效,总理说:“带等13个部门PLI显示了我们的承诺。除了影响各自的领域,他们将有利于生态系统”。
莫迪还说我们的产品质量是好的,人们愿意花更多的钱,印度吸引更多的尖端技术和投资行业的核心竞争力。
“我们的工作是减少6000遵从性实体状态和中央一级的负担。与技术,我们可以摆脱需要不断填满的形式,”他说。
莫迪说,政府正在努力减少合规负担,进一步改善经商和降低物流成本的行业。
“我们相信政府的干涉每个问题产生问题而不是解决方案。因此,我们的重点是自我调节,自我认证,自我认证,”他说。
行业的影响
在汽车和医药,莫迪说PLI将有助于减少对外依赖汽车零部件,医疗设备和药物原料而支持推进电池,太阳能光伏模块和特种钢将有助于现代化国家的能源部门,进而推动印度的原材料、劳动力和人才。
莫迪说纺织和食品加工PLI整个农业部门将受益。
“就像有了疫苗来保护人们免受Covid-19在印度,在印度应该有黍
阻止人们生病,”他说,指的是联合国宣布2023年为国际黍。
莫迪说PLI电子将会改善国内价值除了20 - 30%的5 - 10%。在电信设备制造业,在未来五年十万的2.5卢比生产iss预期,印度可以受益于出口2十万的卢比的机会。同样,增加医药生产3十万的卢比和出口2十万的卢比的估计。
“35000卢比生产是下在大流行期间完成的PLI方案电子产品和新投资1300卢比的来了,”他说。
而成功的努力一直采取鼓励印度计划在过去的6年中,莫迪说这些努力更上一层楼,大步骤和改善的速度和规模。
Prime Minister Narendra Modi<\/a> on Friday said the Production Linked Incentive (PLI) scheme, aimed to boost domestic manufacturing and exports, is expected to increase the country's production by $520 billion in the next five years.
At a webinar on PLI schemes, Modi also said that the government aims to reduce 6,000 compliances at the central and state level.
\"$520 billion of production is estimated to take place in India in the next five years through PLI alone. There is also an estimate that workforce will double in the sectors that have been given PLI. This will help increase income and demand,\" Modi said while addressing India Inc at the webinar organised by the Department of Industry and International Trade and NITI Aayog.
He said the government has provided for Rs 2 lakh crore in this year's budgfor PLI schemes wherein an average 5% of production has been given as incentive.
The Centre has announced 13 PLI schemes in wake of the Covid-19 pandemic last year to encourage large companies to ramp up manufacturing base and boost exports from India. The total incentives under the PLI schemes, covering sectors such as telecom, electronics, auto part, pharma, chemical cells and textiles, are pegged at Rs 1.97 lakh crore over a five-year period.
\"We have to change the situation of exporting to limited products to limited countries from limited locations,\" Modi said.
Emphasising that earlier, industrial incentives meant open ended provisions but now they're target and performance-based, Prime Minister said: \"To bring 13 sectors in such PLI shows our commitment. Besides impacting the respective sectors, they will benefit the ecosystem\".
Modi also said the quality of our products is good, people will be willing to pay extra for it and that India has to attract more cutting edge technology and investment in sectors with core competency.
\"Our effort is to reduce 6,000 compliances burden on entities at the state and Central level. With technology, we can get rid of the need to continuously fill up forms,\" he said.
The government, Modi said, is working to reduce compliance burden, further improve ease of doing business and cut down logistics costs for the industry.
\"We believe government's interference in every issue creates problems rather than solutions. Hence, our focus is on self regulation, self attestation, self certification,\" he said.
Sectoral impact
In auto and pharma, Modi said PLI will help reduce foreign dependence on auto parts, medical equipment and raw material for drugs while the support given to advance cell batteries, solar PV modules and specialty steel would help modernise the country's energy sector, giving a boost to India's own raw material, labour and talent.
Modi said textile and food processing PLI will benefit the entire agriculture sector.
\"Like there is Made in India vaccine to protect people from Covid-19, there should be made in India millets to
prevent people from falling ill,\" he said, referring to the United Nations declaring 2023 as the International Year of Millets.
Modi said the PLI in electronics will improve domestic value addition to 20-30% from 5-10% now. In telecom equipment manufacturing, Rs 2.5 lakh crore production in next five years iss expected and India can benefit from the export opportunity of Rs 2 lakh crore. Similarly, an increase in pharma production of Rs 3 lakh crore and exports of Rs 2 lakh crore is estimated.
\"Rs 35,000 crore production was done during the pandemic under the PLI scheme<\/a> for electronics and new investment of Rs 1300 crore has come,\" he said.
While successful efforts have been undertaken to encourage the Make in India initiative in the last 6-7 years, Modi said to take these efforts to the next level, big steps and improved speed and scale have to be taken.
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