To promote exports of textiles products, RSWM Ltd Chairman and MD Riju Jhunjhunwala suggested the government to come up with an export scheme like DEPB (duty entitlement passbook scheme) in different forms.
The government introduced the PLI scheme to encourage an incentive-led model for manufacturing, attracting advanced technologies, bringing in economies of scale and meeting quality standards.
The other electronics hardware manufacturing companies that have applied under category IT hardware companies are ICT (Wistron) and Flextronics, said an official statement.
DPIIT Secretary Guruprasad Mohapatra said the government has undertaken several policy reforms, including PLI scheme, to boost manufacturing and exports
We believe that government interference in everything creates more problems rather than solutions. That is why we are emphasising on self-regulation, self-attesting, self-certification, he said.
Fitch Solutions Country Risk and Industry Research noted that some of the operational risks present in the country would still remain a challenge for many investors despite the incentive
Niti Aayog CEO said the government is finalising its plans to expand its production-linked incentive (PLI) scheme to more sectors for boosting domestic manufacturing
