Implications of PLI scheme on India's Manufacturing and Trade Competitiveness

Manufacturing industry is of strategic importance to the development of both emerging economies and developed markets. Efficient Manufacturing contributes to economic growth and enhances both the technological capacity and skills of a country. It is the backbone of developing country and of a strategic advantage for trade competiveness.  

In 2020, the manufacturing sector of India generated 17.4% of India’s GDP. It is noteworthy that India has secured third position in the Global Manufacturing Risk Index 2020, (released by the US-based property consultant Cushman & Wakefield), in comparison to the most suitable locations for global manufacturing among 48 countries in Europe, Americas, and the Asia-Pacific.  

The major topics of deliberations will be:

• Benefits of the PLI Scheme on the Production Capacity of Firms
• How PLI Scheme would Encourage Investments and Make India Globally Competitive 
• Challenges Faced by the Manufacturing Sector in the Coming Years to Gain Benefits from the PLI Scheme
• Explore how to Capitalize on PLI Scheme by Businesses, Policy Makers, and Industry Stakeholders and MSMEs

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