ET Now Live: India has made a name for itself in I.T services. But the current government at the Centre also wants a decisive push in manufacturing. In fact, external affairs minister S Jaishankar recently went on to say that focus on services was actually an elegant excuse for being incompetent. So it doesn’t come as a surprise that the Union Cabinet has approved the PLI scheme for I.T hardware with a budgetary outlay of ₹ 17,000 crores. It is estimated that the electronics manufacturing in India has grown at a rate of 17 percent per year to cross 100 billon dollars this year. How significant is this PLI scheme?
On this edition of India Tonight, ET NOW’s Tamanna Inamdar speaks with Saurabh Kanchan, Partner, Deloitte India; and Ajay Dua, Former Commerce Secretary on what the new scheme means for companies and their shareholders.
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