Enhance india’s manufacturing capabilities & attract global companies to set up production facilities
- neutralizes cost disabilities
- self reliance
- tech transfer
- globally competitive operations
Achievements
- 12M direct & indirect jobs
- 1.76LCr in investments
- exports
- pharma, electronics
- MSME
PLI Success
Smartphones:
- FY 2017-18: 334M export
- FY 2022-23: 11B export
Challenges
- high thresholds
- little value addition; only assembly
- WTO constraints prevent india from tying PLI subsidies to domestic value addition
- vague disbursal of incentives
- lack of centralized database
- poor transparency
How to improve
- boost domestic value addition
- target core components eg semiconductor
- lower investment threshold for MSME
- digital claims settlement
- transparent timelines
- R&D tax credit, patent generation subsidy
- trade facilitation, eg. link with Export Promotion Mission