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India's $23 Billion PLI Scheme Set to Lapse
Mint New Delhi
|March 22, 2025
Prime Minister Narendra Modi's government has decided to let lapse a $23 billion programme to incentivize domestic manufacturing, just four years after it launched the effort to woo firms away from China, according to four government officials.
The scheme will not be expanded beyond the 14 pilot sectors and production deadlines will not be extended despite requests from some participating firms, two of the officials said.
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