Make in India 2.0: Enhancing Manufacturing Resilience Beyond PLI Schemes
When Make in India was rolled out in 2014, the vision was evident, make India a manufacturing hub of the world, generate jobs in gigantic numbers, and cut down on import dependence. Almost a decade down the line, we have momentum, but we also have a better understanding of what challenges lie ahead.
We’ve made irrefutable progress, the Production Linked Incentive (PLI) schemes have attracted marquee players; the National Logistics Policy is now beginning to address systemic bottlenecks; and our FDI inflows demonstrate strong global confidence. But as someone deeply engaged with India’s industrial revolution, I believe Make in India 2.0 needs to achieve more than schemes. It needs to address the structural vulnerabilities that still straitjacket our manufacturing potential.
Manufacturing as the Core Driver of India’s $5 Trillion Economy Goal
India’s goal is to be a $5 trillion economy. That is not going to be achieved through services. Manufacturing generates not only jobs, but a whole value chain, from raw material to exports, which generates resilience.
Comments
Post a Comment