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The Appointments Committee of the Cabinet (ACC), chaired by Prime Minister Narendra Modi, took the decision on Tuesday.

The country also needs to "grow the technology and leapfrog along with it", Amitabh Kant said, adding that the Union government is working in this direction.

Addressing a virtual event organised by the Global Alliance for Mass Entrepreneurship (GAME), Kant said credit scenario in India in recent years for a greater part has been seen as a drag on the economy.

In a session titled ‘Transformation of India with a focus on the entrepreneur ecosystem’ Kant said that India has grown as a technology country.

Niti Aayog CEO said the government is finalising its plans to expand its production-linked incentive (PLI) scheme to more sectors for boosting domestic manufacturing