India’s Production Linked Incentive (PLI) schemes have significantly bolstered the nation’s manufacturing sector, attracting substantial investments and fostering economic growth. As of August 2024, these initiatives have garnered investments totaling ₹1.5 trillion (US$ 17 billion) across 14 key sectors, leading to an impressive incremental production and sales exceeding ₹13 trillion...
NITI Aayog’s 2024 report outlines a strategic plan to boost India’s self-reliance in edible oils by expanding palm oil cultivation on wastelands. With over 8.6 million hectares identified for potential growth, this initiative aims to significantly reduce import dependence, increase domestic production, and enhance India’s edible oil security. Palm oil...
The Indo-Pacific Economic Framework for Prosperity (IPEF) addresses the issues of importance that are normally beyond the purview of traditional agreements – digital connectivity, clean energy, and supply chains advancements. As India seeks to stand strongly in the Indo-Pacific region, IPEF can create confidence with a more concrete plan of...
The government launched the Defence Acquisition Procedure (DAP) 2020 to replace the Defence Procurement Procedure (DPP 2016) on September 29. The policy expressly aims for further ‘Self Reliance’ in defence and ensuring ‘Ease of Doing Business’, with emphasis on simplification, delegation, reduced timelines and making the process as industry friendly...
NThe onset of coronavirus set the stage for companies around the world to realize the need to not put all their eggs in one basket and diversify their supply chains. This development augers well for India since foreign investment would augment the GDP, churn employment in the country and increase foreign...
Due to trade malpractices, the stakeholders who are affected negatively are government, as its revenues truncate; domestic manufacturers hurt by unhealthy competition; and consumers who end up paying out of their pockets. Currently 97% of Indian medical device manufacturers are under MSME which are the real victims of this unethical...
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