Summary:

According to Prime Minister Narendra Modi, India's Production-Linked Incentive (PLI) schemes have attracted investments totaling more than $14.73 billion (Rs. 1,25,000 crore). Speaking at the Rising Rajasthan Summit, he emphasized the significance of a robust industrial base for a resilient economy, citing PLI's contribution to developing industries such as electronics, steel, autos, solar, and pharmaceuticals. Modi also acknowledged a significant growth in exports, which rose by $47.14 billion.

Rajasthan's potential for electric vehicle and electronics production was highlighted, owing to its solid foundation in the automotive and auto component sectors. The country's GDP has virtually quadrupled over the last decade, thanks to digital initiatives like UPI, DBT, GeM, and ONDC. Mr. Bhajan Lal Sharma, Chief Minister of Rajasthan, announced investment commitments of $412.49 billion during the summit, with the goal of turning concepts into projects with participation from 32 nations.

Source: IBEF

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