{"id":20486,"date":"2021-04-30T15:14:17","date_gmt":"2021-04-30T09:44:17","guid":{"rendered":"https:\/\/plyinsight.com\/?p=20486"},"modified":"2021-05-22T11:06:11","modified_gmt":"2021-05-22T05:36:11","slug":"trying-to-build-global-scale","status":"publish","type":"post","link":"https:\/\/plyinsight.com\/hi\/trying-to-build-global-scale\/","title":{"rendered":"Trying to Build Global Scale"},"content":{"rendered":"

We have always disincentivised scale. For the first time, we are actively rewarding and trying to build global scale among our companies. The production-linked incentives (PLI) schemes seem well-designed and will encourage global capacities in certain sectors where India has a right to compete. These schemes combined with the changes in labor laws and lowering of corporate tax rates on new manufacturing assets to 15 per cent, give India the chance to attract global manufacturing.<\/p>\n

This is the best chance India has had in decades to build a manufacturing footprint. The environment-be it geopolitics, or the need for supply chain resilience and the search for alternatives-is also very conducive.<\/p>\n

Highlighting the need to grow the economic pie, respecting wealth creators and laying out the case for private sector involvement in economic activity was refreshing and also shows the government has shed its inhibitions in being seen as supportive towards business: A much-needed change and a big signal to private capital.<\/p>\n

For the first time in years, large Indian business houses discuss new capacity creation. Their mood today is vastly different from six months ago. Profitability has started to improve as the recent results show.<\/p>\n

India is one of has few countries that has responded to the pandemic and global recession with genuine structural reform. Farm laws, labour laws, privatization, production-linked incentive schemes, linking state level reforms to increased borrowings, these are all significant steps.<\/p>\n

All these steps matter, as it will strengthen the case for accelerated and sustained economic growth for India coming out of the pandemic. These steps and change in attitude will improve the productivity of capital.<\/p>\n

\n

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We have always disincentivised scale. For the first time, we are actively rewarding and trying to build global scale among our companies. The production-linked incentives (PLI) schemes seem well-designed and will encourage global capacities in certain sectors where India has a right to compete. These schemes combined with the changes in labor laws and lowering […]<\/p>","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1116],"tags":[1025,1213,1211,1212],"class_list":["post-20486","post","type-post","status-publish","format-standard","hentry","category-april-news-2021","tag-business","tag-environment","tag-global-scale","tag-world"],"yoast_head":"\nTrying to Build Global Scale - PLY INSIGHT<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/plyinsight.com\/hi\/trying-to-build-global-scale\/\" \/>\n<meta property=\"og:locale\" content=\"hi_IN\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Trying to Build Global Scale - PLY INSIGHT\" \/>\n<meta property=\"og:description\" content=\"We have always disincentivised scale. For the first time, we are actively rewarding and trying to build global scale among our companies. The production-linked incentives (PLI) schemes seem well-designed and will encourage global capacities in certain sectors where India has a right to compete. 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