India’s textile industry grapples with rising fabric imports, reflecting dependence on foreign sources. Government initiatives like the PLI scheme hold promise but face challenges, including underutilized factories, inverted GST structures, and fabric influx, even as apparel exports continue to face severe challenges. IBT looks at the key drivers of the...
India’s PLI 2.0 scheme for IT hardware, with over twice the allocation as its predecessor, has drawn substantial interest, with over 38 companies proposing investments exceeding ₹4,000 crore. The scheme has garnered an additional buzz recently due to the new import licensing regime to encourage greater localisation. But will PLI...
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