Rebooting PLI: Domestic value addition and exports among likely metrics

AS THE FIRST phase of the Indian government's flagship Production-Linked Incentive (PLI) scheme attains some traction, there's a renewed debate in the top levels of the government.

- ANIL SASI

The point of contention is whether to continue with the scheme unchanged or tweak the format to ensure that any further incentivisation of domestic manufacturing should explicitly be linked to additional metrics—domestic value addition and incremental exports, among them.