One way of ensuring deep manufacturing is not to announce PLI on the final product but on critical parts and components, according to the report. It also pushed for PLI for developing expertise in basic sciences, chemistry, metals, and electronics, and for setting up industrial labs for reverse engineering. GTRI said that small firms need assistance like access to technology and low-cost finance and not PLI. GTRI said that the scheme should focus only on cutting-edge product groups where India has no manufacturing capabilities. The PLI should provide rich incentives for producing raw material and critical components such as PCBA (printed circuit board assembly), memories, and chips.

Source: Economic Times May 23, 2023 15:50 UTC