Good interview where the DPIIT secretary is talking about the production linked incentive schemes in India recently announced by the government:
Some short notes:
- These PLI schemes are linked to the incremental value addition that is being done by the company.
- They are also paying a lot of attention to the quality of the Indian export because they realise that the quality of the Indian exports has to improve for more exports to happen
- Empowered group of secretaries has been set up to take inter-ministerial decisions because they realised the importance of taking quick decisions.
- CNBC TV18 sources have told them that one of the next set of industries that are ready for incentive linked production schemes are actually the battery manufacturing industry.
- The secretary points out that the criteria for identifying the appropriate industries for the production linked incentive schemes is to think about which industries add value in India and job creation and where India has an edge in the manufacturing value addition.
- The tariffs the government is imposing on imports are for a limited duration and they will be aligned to the global standards and they are meant to give a boost to the Indian a production lines but they will be phased out eventually.
- The secretary said that the response (to the PLI scheme) has been very good for mobile and electrical appliances manufacturing.
- A lot of manufacturing Pharma manufacturing companies that came on CNBC told that they are not taking advantage of the incentive link schemes because the land costs are very high and the production linked incentive schemes are only for Green field not for brownfield expansions.
- The DPIIT secretary said that we have launched a portal to explore industrial land which is available even by GPS coordinates. These are lands with infrastructure.
- The ministry of labor is undertaking massive exercise in simplification of labor laws.