NEW DELHI: Finance minister Nirmala Sitharaman on Thursday said the government will consider extending the Production Linked Incentive (PLI) scheme to chemicals and petrochemicals, with an eye to make India a manufacturing base for these products.
Given the stringent regulations and rising labour cost, international players in the space are looking to diversify their products and production capability and India could be an alternative destination for manufacturing, the minister said at an event organised by Ficci.
