How domestic and foreign companies are upbeat about PLI scheme to make India a manufacturing powerhouse
Share
Synopsis
The central government scheme also partly addresses the “disability gap” that India has against other manufacturing destinations from where goods are imported, say experts who track manufacturing companies.
Make in India
Computers to lightbulbs, air conditioners to washing machines, phones to medicines, factories in India don’t make the whole product across several categories. What goes for manufacturing is mostly assembly of imported components. In devices where the parts’ ecosystem has developed, the component that makes them smart is imported — like in bulbs or phones. Now, a combination of factors is converging to change that.