Five questions India needs to answer about its PLI scheme

India is trying to become a manufacturing powerhouse in a clutch of old and new sectors. Its policy instrument, the production-linked incentive (PLI) scheme, stands on a mix of old and new pillars—high import tariffs to coax companies to stop importing and source in India instead; a focus on creating a few champions in each […]

What India’s solar and battery PLIs tell us about how the scheme is working

As the first part of this series said, India is trying to become a manufacturing powerhouse in a clutch of old and new sectors. Its timing is propitious. After COVID-19, countries don’t want too much geographical concentration in their supply chains. They seek an alternative to China. In tandem, in a clutch of emerging sectors […]

Can India win the global energy race with the PLI scheme?

Photovoltaics were first discussed in the country’s third five-year plan (1961-66), a time when the young republic wanted an indigenous solar sector to meet developmental imperatives like rural electrification.That beginning, which could have seen India export solar technologies to the third world, went nowhere. India’s next two five-year plans (1969-78) ignored solar and focused on […]

‘This government is killing our businesses’: What small, medium enterprises think of GST revisions

After Friday’s GST Council meeting, which decided to cut the goods and services tax rate on two dozen commodities and announced relaxations for exporters and small and medium companies, Prime Minister Narendra Modi said the changes brought in an early Diwali. The business press was bullish as well. “Three months on, GST now good for […]

For ‘Make In India’ to work, India first needs to become globally competitive

Bhoday Sales Corporation is tucked inside the industrial zone of Ludhiana. A small machine tooling factory with a net worth of not more than Rs 10 lakh, it makes manufacturing equipment for other plants in the city. Of late, it has fallen on bad times. Sales are down. At one time, says its founder, 68- […]