• Privacy Policy
  • About Us
  • Contact Us
  • Home
  • Business
  • Computers
  • Gear
  • Real Estate
  • Review
  • Technology
No Result
View All Result
  • Home
  • Business
  • Computers
  • Gear
  • Real Estate
  • Review
  • Technology
No Result
View All Result
Cartographeum
No Result
View All Result

PLI scheme signals dramatic shift in attitude towards industry: Anand Mahindra

Juliet Woodard by Juliet Woodard
November 17, 2020
Home Business
Share on FacebookShare on Twitter

Mahindra Group Chairman Anand Mahindra has said that the government’s announcement of a production-linked incentive scheme for 10 more sectors, including auto, signals a “dramatic shift” in the attitude towards industry. On November 11, the Cabinet approved production-linked incentive (PLI) scheme for 10 more sectors, including automobiles and auto parts, pharmaceuticals, textiles and food products, with an outlay of about ₹1,45,980 crore over a period of five years. Under another PLI scheme, an outlay of ₹51,311 crore has already been approved.“I took some time to explore the contours of this initiative. I don’t use the term ‘game-changer’ too often but it’s apt in this case. For me, what’s much more important than the mechanics of the scheme is the dramatic shift it signals in the attitude towards industry,” Mr. Mahindra said in a tweet. In another tweet, he said, he started his career during the “License Raj” where scale and growth were “frowned upon.” “Finally, this policy signals recognition that a) scale is imperative in order to nurture globally competitive businesses b) large enterprises foster a large ecosystem of small/micro enterprises,” Mr. Mahindra said in the tweet. In another tweet, he said, “It makes eminent sense to initially catalyse the growth of selected sectors with world-beating potential. I believe the chosen industries will rise to the challenge if the policy is applied consistently & transparently.” The Auto and auto component industry bodies — Society of Indian Automobile Manufacturers (SIAM) and Automotive Component Manufacturers Association (ACMA) — have already said that the initiative will help the industry not only become globally competitive but self-reliant also. SIAM expects the scheme will increase competitiveness and take the growth of the sector to the next level while ACMA said that the PLI scheme will also encourage the industry in becoming a net exporter and reducing its dependence on imports.

Tags: Anand MahindraAtmanirbhar BharatPLI scheme
Juliet Woodard

Juliet Woodard

Next Post
Fortnite Developer Epic May Bring Hypermeet 3D Facial Expression Technology to the Game

Fortnite Developer Epic May Bring Hypermeet 3D Facial Expression Technology to the Game

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended.

Infinix Note 8, Note 8i With Quad Rear Cameras, MediaTek Helio G80 SoC Launched: Specifications

Infinix Note 8, Note 8i With Quad Rear Cameras, MediaTek Helio G80 SoC Launched: Specifications

October 18, 2020
OnePlus Phones to Not Come With Pre-Installed Facebook Apps and Services, Starting From OnePlus 8T: Report

OnePlus Phones to Not Come With Pre-Installed Facebook Apps and Services, Starting From OnePlus 8T: Report

October 16, 2020

Trending.

Navigating Online Marketplaces? 12 Tips For Real Estate Newbies

Navigating Online Marketplaces? 12 Tips For Real Estate Newbies

January 13, 2021
Brookfield to buy 18% of RMZ’s assets for $2 billion

Brookfield to buy 18% of RMZ’s assets for $2 billion

October 19, 2020
Rock Legend Gene Simmons Kisses His California Estate And High Taxes Goodbye

Rock Legend Gene Simmons Kisses His California Estate And High Taxes Goodbye

November 1, 2020
Left slams RBI proposal to give banking licences to corporates

Left slams RBI proposal to give banking licences to corporates

November 24, 2020
Richest Cities And Poorest Cities In Every State In 2021

Richest Cities And Poorest Cities In Every State In 2021

December 22, 2020

Cartographeum brings you the latest information about Tech,Real Estate & Business.

Follow Us

Categories

  • Business
  • Computers
  • Gear
  • Real Estate
  • Review
  • Technology
  • Uncategorized

Tags

Amazon Apple Watch 2 Best iPhone 7 deals Bombay stock exchange BSE Business Buying Guides china closing trade coronavirus COVID-19 currency dollar rate economy Finance Ministry foreign exchange forex gold india indian economy Indian stock market Industry iOS 10 lockdown luxury homes market and exchange markets nifty Nirmala Sitharaman NSE oil pandemic Playstation 4 Pro rbi real estate Reserve Bank of India rupee rupee rate Rupee value rupee vs dollar sensex Sillicon Valley stock exchange Stocks USD

Recent News

The Most Popular Cities For Millennial Homebuyers According To LendingTree

The Most Popular Cities For Millennial Homebuyers According To LendingTree

January 19, 2021
As Day Zero Approaches, Home Builders Need To Prepare

As Day Zero Approaches, Home Builders Need To Prepare

January 18, 2021
  • Privacy Policy
  • About Us
  • Contact Us

© 2021 JNews - Premium WordPress news & magazine theme by Jegtheme.

No Result
View All Result
  • Home
  • Review
  • Computers
  • Gear

© 2021 JNews - Premium WordPress news & magazine theme by Jegtheme.