Page 28 - NIS English, December 16-31,2022

Cover Story 2022: Year of Willpower

PLI-MAKE IN INDIA:

INITIATIVE FOR

AATMANIRBHAR These 14 sectors are-

BHARAT For the first time, on 11 November

2020, the Central Government
approved the proposal of NITI
The world has always considered India as a market,
but the efforts of the last few years have changed Aayog to launch Production Linked
this concept. The Indian products for which earlier Incentive (PLI) scheme in 10 key
sectors, giving a big boost to
it was called- 'Why India?' With the changing India, manufacturing and exports.
now the perception of the world has also been
changed to 'Why not India? n Food Processing Industry.

Make in India completes 8 years, annual FDI doubles to $83 n IT Hardware.
n
billion. India will become a superpower driving global growth n Pharmaceutical Industry.
by 2047. n Pharmaceutical API (Raw
The central government is focusing on key sectors like
n material of drugs)
semiconductors to realize the vision of 'Atmanirbhar Bharat'.
Production Linked Incentive Scheme (PLI) to 14 sectors has n Telecom Manufacturing.
given a big boost to local manufacturing. n LED Bulb
FDI in India stood at $45.15 billion in FY 2014-15 and since
n
then has witnessed steady growth for eight consecutive n Solar Power PV Module.
years. The highest FDI of $ 83.6 billion was recorded during n Electronic Manufacturing.
the financial year 2021-22. n Medical equipment.
This FDI has come from 101 countries and has been invested
n
in 31 states and union territories and 57 sectors in India. n Automobile Components.
Thanks to economic reforms and ease of doing business in n Drones and related products.
recent years, the country is on track to attract $100 billion in Textile.
FDI during the current financial year. n
PLI launched in FY 2020-21 with an estimated expenditure of n Special steel.
n
Rs 1.97 lakh crore under the Make in India initiative. Under n Advanced Chemical Cell.
it, the target of creating more than 60 lakh jobs has been set.
The PLI scheme has the potential to increase production by
an additional Rs 30 lakh crore.
For the first time on 11 November 2020, the Central
n
Government approved the proposal of NITI Aayog to launch
the Production Linked Incentive (PLI) scheme in 10 key
sectors, giving a big boost to manufacturing and exports.

26 New India Samachar December 16-31, 2022