The BGA India Team, led by Managing Director Ratan Shrivastava, wrote an update to clients on India’s expanding Production Linked Initiative (PLI) scheme. The update examined the context for the development, its significance as well as implications for businesses. Context India’s Union Cabinet on September 15 approved fresh production-linked incentive (PLI) schemes for the auto and drone industries. The PLI schemes for the sectors are aimed at enhancing the country’s manufacturing capabilities. … Continue Reading
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