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Consider the following statements regarding ‘Production Linked Incentive (PLI)’:
PLI Schemes have been introduced to promote Bulk Drug Parks.
It supports the labor-intensive sectors for higher import substitution.
Which of the statements given above is/are correct?
- a)1 only
- b)2 only
- c)Both 1 and 2
- d)Neither 1 nor 2
Correct answer is option 'C'. Can you explain this answer?
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Most Upvoted Answer
Consider the following statements regarding ‘Production Linked Incent...
- Bulk Drug Parks are being promoted through the production-linked incentive (PLI) schemes. Hence, statement 1 is correct.
- The government plans to implement a PLI system with 10-20% output incentives for the agrochemical sector to create an end-to-end manufacturing ecosystem through the growth of clusters.
- The PLI scheme was conceived to scale up domestic manufacturing capability, accompanied by higher import substitution and employment generation. Hence, statement 2 is correct.
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Consider the following statements regarding ‘Production Linked Incent...
Understanding Production Linked Incentive (PLI) Schemes
The Production Linked Incentive (PLI) schemes are strategic initiatives launched by the Indian government aimed at enhancing manufacturing capabilities and boosting domestic production in various sectors.
Statement Analysis
Conclusion
Both statements regarding the PLI schemes are accurate. The PLI aims to enhance manufacturing in India by promoting Bulk Drug Parks and supporting labor-intensive sectors, thus facilitating higher import substitution. Therefore, the correct answer to the question is option 'C', as both statements are true.
These initiatives are part of a broader strategy to strengthen the Indian economy, create jobs, and reduce import dependencies across various industries.
The Production Linked Incentive (PLI) schemes are strategic initiatives launched by the Indian government aimed at enhancing manufacturing capabilities and boosting domestic production in various sectors.
Statement Analysis
- Statement 1: PLI Schemes have been introduced to promote Bulk Drug Parks.
- This statement is correct. The PLI scheme includes provisions for the promotion of Bulk Drug Parks, which are essential for boosting the domestic manufacturing of pharmaceuticals.
- Statement 2: It supports labor-intensive sectors for higher import substitution.
- This statement is also correct. The PLI scheme aims to incentivize production in labor-intensive sectors, thereby reducing dependency on imports and fostering self-reliance.
Conclusion
Both statements regarding the PLI schemes are accurate. The PLI aims to enhance manufacturing in India by promoting Bulk Drug Parks and supporting labor-intensive sectors, thus facilitating higher import substitution. Therefore, the correct answer to the question is option 'C', as both statements are true.
These initiatives are part of a broader strategy to strengthen the Indian economy, create jobs, and reduce import dependencies across various industries.
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Consider the following statements regarding ‘Production Linked Incentive (PLI)’: PLI Schemes have been introduced to promote Bulk Drug Parks. It supports the labor-intensive sectors for higher import substitution. Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer?
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Consider the following statements regarding ‘Production Linked Incentive (PLI)’: PLI Schemes have been introduced to promote Bulk Drug Parks. It supports the labor-intensive sectors for higher import substitution. Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about Consider the following statements regarding ‘Production Linked Incentive (PLI)’: PLI Schemes have been introduced to promote Bulk Drug Parks. It supports the labor-intensive sectors for higher import substitution. Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Consider the following statements regarding ‘Production Linked Incentive (PLI)’: PLI Schemes have been introduced to promote Bulk Drug Parks. It supports the labor-intensive sectors for higher import substitution. Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer?.
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