Prime Minister Narendra Modi addressed the Kautilya Economic Conclave, highlighting the government’s commitment to boosting manufacturing in India through the introduction of Production Linked Incentives (PLI). He noted that the impact of these initiatives is already evident across multiple sectors of the economy.
“To boost manufacturing in India, we have introduced Production Linked Incentives,” Modi stated, explaining that these measures are designed to attract investments and enhance productivity. He revealed that over the past three years, the PLI scheme has successfully attracted investments totaling approximately 1.25 trillion rupees (1.25 lakh crore rupees).
The Prime Minister further emphasized that these investments have yielded impressive results, leading to production and sales valued at around 11 trillion rupees (11 lakh crore rupees). “This is a testament to the effectiveness of our policies and the potential of Indian manufacturing,” he said, underlining the government’s role in facilitating a conducive environment for growth.
Modi also praised the remarkable advancements in India’s space and defense sectors, highlighting them as key areas where the country is making significant strides. “India’s growth in these sectors is not just noteworthy; it is a source of national pride,” he remarked, reinforcing the idea that a robust manufacturing base is crucial for national security and technological advancement.
The Prime Minister’s comments reflect a broader vision to position India as a global manufacturing hub, aligning with the government’s “Make in India” initiative. By attracting substantial investments and fostering innovation, the PLI scheme aims to enhance India’s competitiveness in the global market.
As the country navigates its economic landscape, PM Modi’s address at the Kautilya Economic Conclave underscores the government’s strategic focus on manufacturing as a key driver of economic growth and development.
