The Government of India introduced PLI to boost investments, output and exports. With an actual investment of Rs 53,500 crore so far, there has been an increase in output of over Rs 5 lakh crore and employment generation of over 3 lakh. But the scheme’s impact has been relatively imbalanced...
India’s textile and apparel sector is a key contributor to its GDP growth, employment and export basket. Yet it has lost its global competitiveness, leading to a dip in exports. Will the recently introduced textile PLI scheme finally help the industry weave threads of growth in the international market? The...
Bipin Menon, Development Commissioner, Noida SEZ, believes that import substitution is an inappropriate nomenclature for India’s policy thrust, which is primarily enhancement of domestic manufacturing capacities, including through strategic collaborations and export orientation. He illustrates this by analysing the intent and impact of India’s overall economic and trade policies, while...
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