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 […]