PLI Scheme: The Government of India had started the Production Link Incentive Scheme to reduce imports in the country and create employment opportunities at the local level. Looking at the benefits of this scheme, the number of billionaires in India can increase further.
Number of billionaires increasing in the country
PLI Scheme : To promote manufacturing in the country, Prime Minister Narendra Modi announced the Performance Linked Incentive Scheme. India’s manufacturing process has accelerated in the last few years. Mark de Villiers, Chief Strategy and Training Officer, Vintage, says that the Performance Linked Incentive Scheme or PLI scheme can further increase the number of billionaires in the country. A decade ago there were 55 billionaires in India whereas now their number has increased to 140. Mark, who has nearly 30 years of experience in the financial services industry, said that many big names could emerge from the manufacturing and technology sectors in the coming days.
The Government of India had started the Production Link Incentive Scheme to reduce imports in the country and create employment opportunities at the local level. With the help of PLI scheme, investment is increasing in the manufacturing sector of the country and due to this, exports are increasing significantly. And because of this, an army of entrepreneurs can arise in the manufacturing and technology sector. Mark has further said that it is difficult to tell about the movement of the stock market in the short term. He has said that the negative trend in the stock market is expected to continue in the short term as many such incidents are happening at the international level from which the stock market is taking lessons.
Along with this, Mark has said that the results of Indian companies can be excellent in the October quarter. He has said that many such companies may come up about which people were not aware earlier, but people will be shocked to see their excellent results. Mark has said that the weakness of the rupee can reduce the profits of companies making / selling products by importing.
This scheme can prove to be a game changer for India
Mark has said that there is a continuous weakness in the price of gold for the last few months and weakness can be registered in the coming days also. PLI scheme can prove to be a game changer for India. PLI is going to help a lot in the electronics, special steel and auto sectors. Its effect will also be seen on the stock market. Mark has said that the PLI scheme can prove to be very helpful in the growth of the business of Indian companies.
This is the advantage of PLI scheme
The Performance Linked Incentive Scheme of the Government of India is actually a milestone based incentive scheme. In this, incentives are given according to the actual production. The aim of the government is to develop India’s competitive manufacturing capacity and thereby increase India’s exports, control costs. Along with this, companies will be interested in using new technology due to incentives on more manufacturing. This will encourage foreign direct investment, create employment opportunities in the country and help in promoting small and medium enterprises.