Synopsis: The new PLI scheme will incentivize the industry to move into higher-value-added technologies and thus spur sectoral growth Contents1 Introduction2 What are the issues and challenges of the automotive industry?3 How the PLI scheme will help the Indian automotive industry?4 What are the changes needed in the PLI schemes to make it more effective?5… Continue reading The PLI plan for our automotive sector can accelerate its success
Tag: changes in industrial policy
Reforms in jewellery sector to help achieve export target: Minister
What is the News? The recent reforms in the gems and jewellery industry would help it achieve the $43.75 billion exports target for this fiscal year. About the performance of Gems and Jewellery Sector Gems & Jewellery sector is one of the important sectors of Indian Economy with a contribution of around 7% to GDP,… Continue reading Reforms in jewellery sector to help achieve export target: Minister
Cabinet approves major Reforms in Telecom Sector
Synopsis: Govt has introduced a range of reforms for improving the ailing telecom sector. These reforms were much needed in light of the recent Vodafone Idea crisis resulting in a likely duopoly of Airtel and Jio in India’s telecom space. Introduction The Union Cabinet approved a number of structural and process reforms to rescue the… Continue reading Cabinet approves major Reforms in Telecom Sector
Cabinet clears PLI for auto sector to spur ‘green’, high-tech
What is the News? Government of India has approved Production Linked Incentive (PLI) Scheme for Auto Industry and Drone Components. About PLI Scheme for Auto Industry Aim: To overcome the cost disabilities to the industry for the manufacture of Advanced Automotive Technology products in India. Eligibility: The scheme is open to existing automotive companies as… Continue reading Cabinet clears PLI for auto sector to spur ‘green’, high-tech
Faltering on privatisation
Synopsis: Despite ambitious disinvestment targets, the pace on this front has ben slow. Govt has tweaked tax laws to change that, but the government needs to approach disinvestment more strategically. Just modifying tax laws would not be enough. Contents1 Introduction 2 What has been the status of disinvestment? 3 What changes have been proposed?4 What are the issues… Continue reading Faltering on privatisation
Powering ahead in the future
Synopsis: Electric vehicles show great future. But the sellers of two-wheeler are showing reluctance in implementing electric vehicles module. We need to identify and overcome the problems. Introduction Regarding two-wheeler electrification in India, things are in the right direction. And their sales in India are likely to at least double in 2021 compared with 2020… Continue reading Powering ahead in the future
Big Lesson From Small Nation: On import substitution
Synopsis: Import substitution cannot deliver “Make in India for the World”. Lessons from Vietnam. Contents1 Introduction2 How has Vietnam achieved this success?3 What are the consequences of high tariff on imported components?4 What are the benefits of lower tariffs? Introduction In 2015, India decided to promote mobile phone industry through import substitution. The eventual goal… Continue reading Big Lesson From Small Nation: On import substitution
Criticism of the IBC’s recovery record is unwarranted
Synopsis: The Insolvency and Bankruptcy Code (IBC), which was promoted as a panacea to the problem of bad loans, has been attacked as being ineffective at best and counterproductive at worst. It requires a more nuanced debate. Introduction In recent months, a landmark economic reform of the last decade has come under criticism from various… Continue reading Criticism of the IBC’s recovery record is unwarranted
SC urges company law tribunals to clear IBC cases fast
What is the News? The Supreme Court has said that the “judicial delay” was the main reason for the failure of the insolvency regime in India prior to the Insolvency and Bankruptcy Code (IBC),2016 came into force. Hence, it has urged the company law tribunals to “strictly adhere” to the timelines under the IBC and… Continue reading SC urges company law tribunals to clear IBC cases fast
Why Global Automakers are exiting India? – Explained, pointwise
For 7PM Editorial Archives click HERE → Contents1 Introduction2 Why big global automakers exit India?3 Present scenario4 Implications5 Suggestions6 Way forward Introduction To add to the problems of the Indian automotive industry, another big automaker has announced its exit from India. Ford has decided to stop manufacturing cars in India after failing to find a sustainable path forward. The… Continue reading Why Global Automakers are exiting India? – Explained, pointwise
