Union Budget 2023: PLI, R&D tops wishlist of hardware companies

Quick Summary:

The government is likely to extend fiscal incentives new industries in the forthcoming budget as it looks to expand production linked incentive (PLI) scheme to cover more high-employment potential sectors.

Budget for 2023-24 is scheduled to be presented by Finance Minister Nirmala Sitharaman on February 1.

The scheme aims to make domestic manufacturing globally competitive and create global champions in manufacturing.

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Article Details

Category: Technology

Markets: IndiaChina

Topics: Budget 2023 pli Union budget 2023 Pli scheme Budget 2023 india Budget 2023

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2023-01-29 @ 03:46:48 (1 months ago)

News Timezone: GMT +8:00

News Source URL: timesofindia.indiatimes.com

Language: English

Article Length: 981 words

Reading Time: 6 minutes read

Sentences: 41 lines

Sentence Length: 24 words per sentence (average)

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Copyright Owner: © Times of India

News ID: 4898607

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