Union Cabinet’s approval of Production Incentive Scheme (PLI) Lauded by Mr. Kamal Nandi, President, CEAMA

Mr. Kamal Nandi, President, CEAMA and Business Head & Executive Vice President – Godrej Appliances lauds Union Cabinet’s approval of Production Incentive Scheme (PLI) worth INR 1.46 lakh Cr for 10 sectors. 

Mr Nandi saisd, “This is a welcome move by the Union Cabinet towards making India self-reliant. The industry and economy as a whole is still recovering from the pandemic. The production linked incentives of INR 1.46 lakh Cr spread over 5 years will go a long way in boosting indigenous manufacturing in various sectors including consumer durables / white goods.”

Adding further to his observation Mr Kamal Nandi said, “This in turn will aid in creating more job opportunities in the country and will also put an upward thrust on the economy by bringing in large-scale manufacturing to India. CEAMA is committed to promoting domestic manufacturing of appliances and consumer electronics in the country. The Production Incentive Scheme (PLI) will assist in the necessary boost to the ‘Make in India’ initiative and support India into becoming a manufacturing hub.”