The extension of the Production Linked Incentive (PLI) scheme to include FMCG and consumer goods sectors is a key expectation, aiming to boost domestic production. Substantial financial incentives for innovation, research, technology development, local sourcing, and sustainable practices will enhance global competitiveness, create employment, and build consumer trust. Additionally, incentives to increase the domestic production of edible oils, pulses, vegetables, and fruits, as well as the expansion of dairy cooperatives and fisheries, are anticipated. Key stakeholders will hope for reductions in input costs for machinery, greater seed availability, and allocations of funds for price stabilization for vegetables and pulses.
A version of this article was published by CNBC TV18.com on July 16 2024. The same can be read here