Goods news: This big decision of the central government will help lakhs of people to get jobs, Know now
In a meeting of the Union Cabinet, a Production Linked Incentive (PLI) scheme of Rs 26,058 crore was approved for the auto, auto parts, and drone industry. Giving this information, Information and Broadcasting Minister Anurag Thakur said that the purpose of the PLI scheme is to encourage domestic manufacturing and generate employment. With this decision, more than 7.6 lakh people are expected to get additional employment.
The Union Minister said that the Union Cabinet approved a PLI scheme of Rs 26,058 crore to enhance India’s manufacturing capabilities. The PLI scheme will encourage the development of a global supply chain of advanced automotive technology in India.
Thakur said after the cabinet meeting that an incentive of Rs 26,058 crore would be given to the industry in five years. He said that under the PLI scheme, there would be a fresh investment of over Rs 42,500 crore over five years and an incremental generation of over Rs 2.3 lakh crore.
The Union Minister said that in the PLI scheme for drones, a new investment of more than 5 thousand crores is expected to come in three years. It seems that it will bring an incremental production of more than 1500 crores.
100% FDI approved in the telecom sector
Many big decisions were taken in an important meeting of the Union Cabinet on Wednesday. Apart from approving the PLI scheme for the automobile sector, the government has allowed 100% FDI in the telecom sector. Telecom Minister Ashwini Vaishnav gave this information in a press conference.