Prime Minister Narendra Modi on interacting with India Inc. for information sharing on Production Linked Incentive (PLI) schemes, said that the PLI scheme is aimed at expanding domestic manufacturing and boosting exports.
On measures for boosting domestic manufacturing, PM Modi said the government wants to reduce the compliance burden. “Our effort is to reduce 6,000 compliances burden on entities at the state and Central level.”
After announcing the PLI scheme PM met dozens of industry leaders via video conferencing. Asserting on the need for effective engagement of all stakeholders of development, PM Modi said the Union Budget and India’s policy-making shouldn’t just be restricted to a government process. “Every stakeholder associated with the development of the country should have an effective engagement in it.”
PM added “We need to work together to bring production cost, quality and efficiency at par with international benchmarks.”