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Leveraging PLI scheme to push large-scale manufacturing in India

Trade Promotion Council of India is organising a webinar on the topic  ‘Leveraging PLI scheme to push large-scale manufacturing in India’ at 3.15 pm on 17th June, 2021 (Thursday). 

Government of India announced an outlay of Rs 1.97 lakh crore for the Production-Linked Incentive (PLI) scheme for 13 identified sectors in her 2021-22 budget speech.

The scheme, aims to boost domestic manufacturing under the government’s Atmanirbhar Bharat initiative, was introduced in March last year and is expected to result in a minimum production worth more than $500 billion in five years, according to the Commerce Ministry. Till early April, the PLI scheme for nine sectors was approved by the Cabinet.

As the name suggests, the scheme provides incentives to companies for enhancing their domestic manufacturing apart from focusing on reducing import bills and improving the cost competitiveness of local goods. PLI scheme offers incentives on incremental sales for products manufactured in India.

The nine sectors for which the scheme has already been approved included electronic or technology products (Rs 5,000 crore outlay for 5 years), pharmaceuticals drugs (Rs 15,000 crore), telecom & networking products (Rs 12,195 crore), food Products (Rs 10,900 crore), high-efficiency solar PV modules (Rs 4,500 crore), etc. The other four sectors under PLI awaiting Cabinet approval were automobiles & auto components, advanced chemistry cell (ACC) battery, textiles, and specialty steel.

 

Agenda for discussion:

• How best to create manufacturing entities with stipulated minimum Sales?

• Integrating global standards model with trade and industry – with the thrust to PLI scheme.

• Why are the standards key to make our products marketable and saleable in the international market?

• Why adopting voluntary standards will lead to creating value-added products with global standards and thrusting exports in the long run?

• How overseas branding and incentivising will help the emergence of strong Indian brands?

• How best to support creation of manufacturing champions in India; suggestions from experts?

• Will clusterization hold the key to success?

• How feasible is it to meet the target minimum production worth $500 billion in five years?

• Policies and programmes, including regulatory and institutional frameworks

• How to increase employment opportunities?

• How SMEs could be integrated in the PLI scheme

• How to ensure remunerative prices of the produce?

• Strategy and way forward for India to benchmark quality under PLI

• Industry’s take on scheme and challenge

 

Confirmed panellists:

• Dr. Rajan Sudesh Ratna, Economic Affairs Officer, United Nations ESCAP

• Kuntal Sensarma, Economic Adviser, Ministry of Food Processing Industries

• Sudhendu Jyoti Sinha, Adviser (Infrastructure Connectivity & Electric Mobility ), Niti Aayog

• Mohammad Athar, Partner (Economic Development and Infrastructure), PwC

• Ashish Agarwal, Director, Bhikharam Chandmal Bhujiawala Pvt. Ltd.

• Kuldeep Sharma, Founder- Suruchi Consultants

 

Date: 17th June 2021 (Thursday)

Mode: Webinar over Zoom  

Time: 3.15 PM IST

Duration: 1 Hour- 1 Hour 20 mins (Tentative)

 

Request you to please register using the below given link at the earliest as seats are limited. 

 

Registration Link:

https://zoom.us/webinar/register/WN_RVCjyAhQTtucsXNfh2_b6A

 

For further details on the event or any other clarification, please contact

Sameer Pushp (M-9811229110) at sameer.pushp@tpci.in.



Leveraging PLI scheme to push large-scale manufacturing in India

17 June, 2021

Details

Date: June 17
Time: 3:15 pm - 4:15 pm

Organizer

Trade Promotion Council of India