Niti Aayog CEO Amitabh Kant on Saturday said the government is taking a series of measures to make India highly competitive in the global economy and stressed that the country must get into the sunrise areas of growth.
Addressing the FICCI Annual Convention, Kant said the government is also working towards bringing down the cost of logistics.
“The government is taking a series of measures to make India highly competitive in the global economy,” he said.
Kant further added that the production-linked incentive (PLI) scheme for 10 key sectors, which the government announced last month, should spur growth in manufacturing in a big way.
“The objective was to provide a major impetus to manufacturing and exports, and this (PLI scheme) is one of the biggest schemes that the government has come out with to support the private sector in manufacturing.
“It is a USD 26-billion scheme, which provides production-linked incentives in 10 champion sectors and this five years of support should spur growth in manufacturing in a big way,” he said.
Kant also said the PLI scheme is a focused scheme, it is