Atmanirbhar and PLI: Why the industry is sceptical of ambitious targets

The scheme to boost manufacturing in India has set ambitious targets that industry says are unachievable. A look at the programmes announced so far explains why

On Friday, Prime Minister Narendra Modi will meet over 40 CEOs across broad swathes of industry, ranging from makers of mobile devices, auto components, food products to telecom networking equipment and pharmaceuticals. The agenda: To discuss how to make India an integral part of the global supply chain.
 

The focus of the discussion would be the much touted yet not so well understood production-linked incentive scheme (PLI), the centrepiece of the government’s drive to massively boost the manufacturing sector. To do so, the government has created a war chest of over Rs 197,000 crore to be paid out as incentives