Best of BS Opinion: PLIs can't succeed without deeper structural reforms

Today's pieces span multiple issues, from overseas acquisitions by PSUs, PLI schemes' success, the proposed India-US BTA, and the debilitating effect of quality issues across sectors

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State-owned Mazagaon Docks Ltd (MDL) last week announced it was acquiring a controlling stake in Colombo Dockyard PLC (CDPLC) in a $53 million deal. Our first editorial notes that this must be seen as an important milestone in strengthening India’s maritime influence in a key Indian Ocean region. The acquisition will help MDL reduce its reliance on a single buyer - the Indian Navy - and expand to markets in such diverse regions as East Asia, West Asia, Europe and Africa, where