Govt to provide production-linked incentives to more sectors, says Niti Aayog© hindustantimes.com

Govt to provide production-linked incentives to more sectors, says Niti Aayog

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The government will offer incentives for manufacturing in more sectors, but tariff protections offered to encourage local producers will only be for a limited period, said Rajiv Kumar, vice chairman of federal policy think tank NITI Aayog.

He said the measures meant to support economic recovery will be done respecting international rules, addressing fears that nations are turning more inward-looking as they nurse the deep wounds left by the pandemic.

“If any support is given to domestic enterprises, it will be targeted towards getting globally competitive capacities, and any support given to them through tariffs would have an in-built sunset clause. I want to emphasize on India’s commitment to an open order and a global economy,” he said.