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India to offer production-linked incentives to more sectors - official

Workers stitch garments at a factory of an apparel shop in Jaipur, India, October 20, 2020. Picture taken October 20, 2020. REUTERS/Anushree Fadnavis

NEW DELHI (Reuters) - India is working to offer production-linked incentives to more sectors to boost domestic manufacturing, a top government official said on Friday, bolstering efforts to attract new investments in its coronavirus-stricken economy.

The Cabinet will soon consider approving such incentives for more sectors, Rajiv Kumar, vice chairman of NITI Aayog, a government think-tank told a virtual conference.

Kumar didn’t specify which sectors might be made eligible for the incentives.

The government earlier announced production-linked incentives for large-scale electronic goods makers, pharmaceutical companies and manufacturers of medical devices.

Reporting by Manoj Kumar and Neha Arora; Editing by Tom Hogue

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