Pushkar Mukewar, CEO & Co-Founder, Drip Capital, explains how schemes for Indian MSMEs such as RAMP and CBFTE have the potential to complement the Atmanirbhar Bharat mission by fostering innovation and enhancement in industry standards and practices. Atmanirbhar Bharat, a pilot project of the Narendra Modi government, has transformed itself...
Rajiv Nath, Founder and Forum Coordinator of AiMeD, opines that the government interventions helped the medical devices industry scale up production during the pandemic. During this period, domestic manufacturers were able to supply to the world in addition to meeting greater domestic demand, thereby demonstrating the potential of Indian medical...
Prof D. Tripati Rao, IIM Lucknow, surmises that One District One Product (ODOP) scheme needs two wings of skilled labour force and financing capital through institutional design as an overarching policy framework, to scale up geographically dispersed traditional and local-small businesses to foster glocalisation. IBT: What is your take on...
India needs to strengthen its manufacturing ecosystem for printed circuit board assembly, since it is the heart of every electronics device. Doing so will help facilitate much needed backward integration, and help reduce India’s huge imports in the sector. In order to become an electronics hub, India must focus on...
Prof D. Tripati Rao, IIM Lucknow opines that India needs to swiftly move from fiscal “Band-Aids” to counter-cyclical fiscal boosters to prevent the economy slipping into a stagflationary spiral with a permanent loss of potential GDP. IBT: India’s GDP decline in the June quarter by 23.9% has been worse than projections....
Colin Shah, Chairman, Gems & Jewellery Export Promotion Council, asserts that while MSMEs in the sector are benefiting from the redefinition and Aatma Nirbhar Bharat Scheme, banks are not extending loans under CGTMSE scheme, which is hampering business. IBT: The lockdown has led to a complete washout for the gems...
Dr. Sunitha Raju, Indian Institute of Foreign Trade, argues that viewing Aatma Nirbhar Bharat from the perspective of import substitution is wrong and potentially dangerous. Instead, India should have a holistic approach towards attracting FDI in its areas of strength, develop skill sets to capture new emerging opportunities and also...
Ambud Sharma, Founder & CEO, Escaro Royale, observes that Indian footwear industry has the potential to shun import dependency and become self-reliant. Companies need to resist the temptation to import for better margins. Also, they need to grow their processes and products internally and groom the workers for long term...
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