by Vijay Shekhar Sharma, the founder and CEO of Paytm, has urged the government to include payment devices in the Production-Linked Incentive (PLI) scheme. In a letter to the government, Sharma said that including payment devices in the PLI scheme would help to boost the growth of the digital payments ecosystem in India.
The PLI scheme is a government initiative that provides financial incentives to companies that manufacture products in India. The scheme has been successful in boosting the manufacturing of electronic goods in India, and Sharma believes that it could also be used to boost the manufacturing of payment devices.
“The PLI scheme has been a game-changer for the manufacturing sector in India,” Sharma said in the letter. “Including payment devices in the PLI scheme would give a major boost to the digital payments ecosystem and help to make India a global leader in digital payments.”
Sharma also pointed out that the PLI scheme would help to create jobs in India. “The manufacturing of payment devices would create millions of jobs in India,” he said. “This would help to boost the economy and create a more prosperous future for India.”
The government is yet to decide whether to include payment devices in the PLI scheme. However, Sharma’s letter is likely to give the government food for thought. If the government does decide to include payment devices in the PLI scheme, it would be a major boost for the digital payments ecosystem in India.
Here are some of the key takeaways from the story:
- Vijay Shekhar Sharma, the CEO of Paytm, has urged the government to include payment devices in the PLI scheme.
- The PLI scheme is a government initiative that provides financial incentives to companies that manufacture products in India.
- Sharma believes that including payment devices in the PLI scheme would help to boost the growth of the digital payments ecosystem in India.
- The government is yet to decide whether to include payment devices in the PLI scheme.
The implications of the story:
If the government does decide to include payment devices in the PLI scheme, it would be a major boost for the digital payments ecosystem in India. It would help to lower the cost of payment devices, which would make them more affordable for businesses and consumers. It would also help to create jobs in India.
The inclusion of payment devices in the PLI scheme would also help to make India a global leader in digital payments. India is already one of the leading countries in terms of the number of digital payment transactions. However, the inclusion of payment devices in the PLI scheme would help to accelerate the growth of the digital payments ecosystem in India and make it even more competitive.
