Prime Minister Narendra Modi on Friday said production linked incentive (PLI) scheme, which is aimed at boosting domestic manufacturing and exports, is expected to increase the country's production by USD 520 billion in the next five years.

"There is an expectation that the scheme would result in increasing the production by about $520 billion in the next five years," PM Narendra Modi said while addressing a webinar on PLI scheme, organised by Department of Industry and International Trade (DPIIT) and NITI Aayog, through video conference.