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India to offer production-linked incentives to more sectors: Official

The Cabinet will soon consider approving such incentives for more sectors, Rajiv Kumar, vice chairman of NITI Aayog, a government think-tank told a virtual conference.

October 30, 2020 / 02:12 PM IST

India is working to offer production-linked incentives to more sectors to boost domestic manufacturing, a top government official said on Friday, bolstering efforts to attract new investments in its coronavirus-stricken economy.

The Cabinet will soon consider approving such incentives for more sectors, Rajiv Kumar, vice chairman of NITI Aayog, a government think-tank told a virtual conference.

Kumar didn't specify which sectors might be made eligible for the incentives.

The government earlier announced production-linked incentives for large-scale electronic goods makers, pharmaceutical companies and manufacturers of medical devices.
Reuters
first published: Oct 30, 2020 02:00 pm

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