PLI Will Reduce Vande Bharat Manufacturing Cost
The Centre is exploring a PLI Scheme for the Vande Bharat Train component to attract foreign manufacturing firms. It will help to reduce the Vande Bharat Manufacturing cost in India.
The government is currently exploring the implementation of a production-linked incentive (PLI) scheme for manufacturers of train components. This initiative aims to attract foreign manufacturing companies and reduce reliance on imports in the railway sector. The overarching goals of this scheme include stimulating higher production levels and decreasing the dependency on imports in alignment with the government's strategic objectives.
What Is PLI Scheme?
The Production Linked Incentive (PLI) scheme is designed as a performance-linked incentive structure that offers rewards to firms based on the...