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With an impressive outlay of over US$ 24 billion, the PLI Schemes focus on 14 critical sectors, each strategically chosen to enhance the country’s manufacturing prowess, foster technological advancements, and elevate India’s position in global markets.
Launched in 2014, this initiative aims to transform India into a manufacturing hub. It encourages both domestic and international companies to produce goods in India, focusing on sectors such as electronics, automotive, defense, and textiles.
The integration of digital technologies in manufacturing, known as Industry 4.0, is revolutionizing the sector. Indian manufacturers are increasingly adopting Internet of Things (IoT), Artificial Intelligence (AI), robotics and big data to enhance productivity, improve quality, and reduce costs.
India has made significant strides in improving its ease of doing business, with reforms in taxation (like GST), labor laws, and regulatory frameworks. These changes are aimed at making a more attractive destination for manufacturing investments.
Micro, Small, and Medium Enterprises (MSMEs) form the backbone of Indian manufacturing. Supporting these enterprises through access to finance, technology, and markets is crucial for inclusive growth and employment generation.
Collaboration between the government and private sector is for accelerating manufacturing growth. PPPs are being used to develop infrastructure, set up manufacturing clusters, and foster innovation.
With an impressive outlay of over US$ 24 billion, the PLI Schemes focus on 14 critical sectors, each strategically chosen to enhance the country’s manufacturing prowess, foster technological advancements, and elevate India’s position in global markets.
Launched in 2014, this initiative aims to transform India into a manufacturing hub. It encourages both domestic and international companies to produce goods in India, focusing on sectors such as electronics, automotive, defense, and textiles.
The integration of digital technologies in manufacturing, known as Industry 4.0, is revolutionizing the sector. Indian manufacturers are increasingly adopting Internet of Things (IoT), Artificial Intelligence (AI), robotics and big data to enhance productivity, improve quality, and reduce costs.
India has made significant strides in improving its ease of doing business, with reforms in taxation (like GST), labor laws, and regulatory frameworks. These changes are aimed at making a more attractive destination for manufacturing investments.
Micro, Small, and Medium Enterprises (MSMEs) form the backbone of Indian manufacturing. Supporting these enterprises through access to finance, technology, and markets is crucial for inclusive growth and employment generation.
Collaboration between the government and private sector is key for accelerating manufacturing growth. PPPs are being used to develop infrastructure, set up manufacturing clusters, and foster innovation.