In yet another episode of the India Revival Mission Council, we spoke about a production-linked incentive scheme that was recently announced by the government which is going to cost the government Rs 1.45 lakh crores, it has been extended to ten more sectors, the idea is to boost manufacturing, promote exports, and most importantly make India a part of the global supply chain.

Some have called it a game-changer, while some state that it is over-ambitious. In this episode, we decode the scheme and what it means for the sectors that have the benefit of the PLI scheme of the Modi-led government. We have an expert panel to discuss the ten sectors that have identified the PLI scheme, Sumant Sinha, Chairman, and MD, ReNew Power, Dr. A Sakthivel, Chairman, Apparel Export Promotion Council (AEPC), and Arun Kumar, Senior Economist.

Speaking of his views on the PLI scheme, Kumar said: “It is probably something which is needed in India. As our manufacturing sector has not been doing well. Also, this is a way of increasing manufacturing jobs, hence, increase employability as a whole. Having said that, we also know that there is a package for the revival of the economy. Now at the present moment what is the problem…the investment rate in the economy has gone down substantially.”

Talking about the relevance of the PLI scheme, Sinha said: “I think this is not on a short term basis but it’s a long term scheme on the part of the government to reposition India as a manufacturing hub for new age industries and industries which are labour intensive. This is something which is meant to last for the next 5-7 years.”