• DEEPAK HARPAL DIWAKAR
• Dr. AVTAR DIXIT

The COVID-19 pandemic exposed vulnerabilities in global supply chains, highlighted the need for India to become self-reliant. The Production-Linked Incentive (PLI) scheme emerged as a crucial tool during this crisis. By incentivizing domestic manufacturing of essential goods like pharmaceuticals and medical devices, the PLI scheme helped ensure supply chain resilience and reduced India's dependence on imports during the pandemic. And India's ambitious goal of becoming a global manufacturing powerhouse hinge on enhancing its competitiveness. The Production Linked Incentive (PLI) scheme, introduced in 2020, serves as a critical policy intervention to achieve this objective. This research article investigates the PLI scheme's potential as a catalyst for Indian manufacturing competitiveness. We explore the scheme's design, focusing on its targeted sectors, incentive structure, and investment attraction strategy. Key sectors like automobiles, electronics, and pharmaceuticals are analysed to assess how PLI addresses their competitiveness gaps. The article then examines the scheme's impact on various aspects of competitiveness, including attracting foreign direct investment (FDI), fostering technological advancements, and creating a robust domestic supply chain. Through critical analysis of existing research and data on the scheme's initial implementation, the article evaluates its effectiveness in propelling India's manufacturing sector towards global competitiveness. We discuss both the potential benefits and emerging challenges associated with PLI, including issues of achieving targeted production levels and ensuring equitable participation across domestic and international companies. This research contributes to the ongoing debate on PLI's role in India's manufacturing resurgence by providing a comprehensive analysis of its design, impact, and future prospects.

Production Linked Incentive (PLI), Manufacturing Competitiveness, India, Foreign Direct Investment (FDI), Technological Advancements, Domestic Supply Chain, Self-Reliant.

"“PRODUCTION LINKED INCENTIVE SCHEME: A CATALYST FOR INDIAN MANUFACTURING COMPETITIVENESS”.", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.11, Issue 9, page no.c521-c532, September-2024, Available :http://www.jetir.org/papers/JETIR2409258.pdf

"“PRODUCTION LINKED INCENTIVE SCHEME: A CATALYST FOR INDIAN MANUFACTURING COMPETITIVENESS”.", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.11, Issue 9, page no. ppc521-c532, September-2024, Available at : http://www.jetir.org/papers/JETIR2409258.pdf