local manufacturing

Production-linked incentive schemes for 9-10 sectors soon: Rajiv Kumar, Niti Aayog

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Production-linked incentive schemes for 9-10 sectors soon: Rajiv Kumar, Niti Aayog

NEW DELHI: India will soon introduce production-linked incentive schemes for nine to 10 sectors to encourage local manufacturing, although the tariff support offered will be limited, Niti Aayog vice chairman Rajiv Kumar said. “Incentivising domestic and global investors through the PLI scheme will be done while respecting multilateral trade norms and any tariff support will … Read more

On horizon: Sunset date for increases in import tariffs to boost local manufacturing

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On horizon: Sunset date for increases in import tariffs to boost local manufacturing

India had in July imposed restrictions on the import of some types of colour televisions, imports of which added up to $800 million in FY20. Synopsis “Increase in import tariffs to provide some protection to local industry will now come with a sunset date,” the official said. “The idea is to ensure that the local … Read more