PLI scheme a signal of change in attitude to industry: Mahindra

TIL Desk/Business/Mumbai/ Mahindra Group chairman Anand Mahindra has said that the government’s announcement of a production-linked incentive scheme for 10 more sectors, including auto, signals a “dramatic shift” in the attitude towards industry.

On November 11, the Union Cabinet approved production-linked incentive (PLI) scheme for 10 more sectors, including automobiles and auto parts, pharmaceuticals, textiles and food products, with an outlay of about Rs 1,45,980 crore over a period of five years.

Under another PLI scheme, an outlay of Rs 51,311 crore has already been approved. “I took some time to explore the contours of this initiative. I don’t use the term ‘game-changer’ too often but it’s apt in this case. For me, what’s much more important than the mechanics of the scheme is the dramatic shift it signals in the attitude towards industry,” Mahindra said in a tweet.