pli: Can PLI make India the factory of the world? Not until those old creases are ironed out.

Synopsis

An unprecedented push of INR 1.97 lakh crore production-related incentives is aimed at making India a manufacturing powerhouse and reducing dependence on imports. The overwhelming response to the program marks the changing contours of Indian factories and instills hope. But some old issues like infra, logistics, incomplete ecosystem, et al. persist.

For Padget Electronics, a subsidiary of Noida-based contractor Dixon Technologies, September 9, 2022 will always remain a red day. It was a moment of exuberance as Padget Electronics became the first company to receive a disbursement of INR 53.28 crore under the government’s Production Incentive Scheme (PLI). Launched in April 2020, when India’s economy was stuck in the closed lanes of Covid-19 lockdowns, INR1.97 lakh

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