{"id":39136,"date":"2023-06-14T19:38:13","date_gmt":"2023-06-14T14:08:13","guid":{"rendered":"https:\/\/plyinsight.com\/?p=39136"},"modified":"2023-06-16T13:01:53","modified_gmt":"2023-06-16T07:31:53","slug":"india-to-boost-its-manufacturing-capabilities","status":"publish","type":"post","link":"https:\/\/plyinsight.com\/hi\/india-to-boost-its-manufacturing-capabilities\/","title":{"rendered":"India to boost it\u2019s manufacturing capabilities"},"content":{"rendered":"<div class=\"wpb-content-wrapper\"><div class=\"vc_row wpb_row\"><div class=\"wpb_column column_container col-sm-12\"><div class=\"vc_column-inner\"><div class=\"wpb_wrapper\">\n\t<div class=\"wpb_text_column wpb_content_element\" >\n\t\t<div class=\"wpb_wrapper\">\n\t\t\t<p><span style=\"color: #000000;\">Talking about the wider efforts at \u201cde globalisation\u201d and the trading system, and whether India saw opportunities opening or closing, Finance Minister Nirmala Sitharaman said there were two ways of looking at the situation. The first was that, for a long time, India had been keen to boost its ability to manufacture everyday consumer goods, but ended up importing the same products from elsewhere because it was cheaper. \u201cBut now we see there is an opportunity. One from a consumer point of view, even within India, there is enough purchasing power and many of these goods that can be produced in India will have a large consumer base in the country.<\/span><\/p>\n<p><span style=\"color: #000000;\">Two, the phased manufacturing programmes we have come up with have identified several such goods that we will incentivise producing and selling within India and then move to a higher level of sophistication in the making of such goods.\u201d The programme, she added later, would help given the \u201cvery very predatory pricing\u201d that prevails in some exporting countries, a hint at China.<\/span><\/p>\n<p><span style=\"color: #000000;\">The other side of the story, Sitharaman said, is bringing value chains coming to India \u2014 not just to produce in India, but produce in India for the world. She referred to the production-linked incentive scheme in 13 priority sectors.<\/span><\/p>\n<p><span style=\"color: #000000;\">\u201cBy doing that, we hope to have production of many of these large, bulk manufactured goods that can go from India abroad to meet demands that exist outside.\u201d The FM cited the mobile manufacturing boom in India over the last nine years as an example.<\/span><\/p>\n<p><span style=\"color: #000000;\">Asked if there was a tension in the economic system given the emphasis in domestic manufacturing in all countries, Sitharaman said India was acutely aware that this needed a calibrated response \u2014 and while producing goods, it would need raw materials and intermediate goods that it did not produce from outside.<\/span><\/p>\n<p><span style=\"color: #000000;\">But the FM also placed this trend within the wider rethink on globalisation. \u201cIndia is not alone in doing this, particularly after the global view on China, after the pandemic and also after this changing perspective on what indeed is globalisation, how far globalisation, to what extent globalisation\u2026India cannot be in isolation.. it indicates to a dynamic position globally on globalisation itself.\u201d<\/span><\/p>\n<hr \/>\n<p style=\"text-align: center;\"><span style=\"color: #000000;\">\u0935\u093f\u0928\u093f\u0930\u094d\u092e\u093e\u0923 \u0915\u094d\u0937\u092e\u0924\u093e \u0915\u094b \u092c\u095d\u093e\u0928\u0947 \u0915\u0947 \u092d\u093e\u0930\u0924 \u0926\u0943\u095d<\/span><\/p>\n<p><span style=\"color: #000000;\">\u201c\u0935\u093f \u0935\u0948\u0936\u094d\u0935\u0940\u0915\u0930\u0923\u201c \u0914\u0930 \u0935\u094d\u092f\u093e\u092a\u093e\u0930 \u092a\u094d\u0930\u0923\u093e\u0932\u0940 \u092a\u0930 \u0935\u094d\u092f\u093e\u092a\u0915 \u092a\u094d\u0930\u092f\u093e\u0938\u094b\u0902 \u0914\u0930 \u0915\u094d\u092f\u093e \u092d\u093e\u0930\u0924 \u0928\u0947 \u0905\u0935\u0938\u0930\u094b\u0902 \u0915\u094b \u0916\u094b\u0932\u0928\u0947 \u092f\u093e 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wpb_content_element\" >\n\t\t<div class=\"wpb_wrapper\">\n\t\t\t<html>\n<head>\n<\/head>\n<body>\n  <marquee behavior=\"scrolling\" direction=\"left\" scrollamount=\"3\" seamless>\n    <img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/plyinsight.com\/wp-content\/uploads\/2022\/10\/Logos-2.png\" width=\"800\" height=\"600\" alt=\"Natural\" \/>\n <img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/plyinsight.com\/wp-content\/uploads\/2022\/10\/Logos-2.png\" width=\"800\" height=\"600\" alt=\"Natural\" \/>\n  <\/marquee>\n<\/body>\n<\/html>\n\t\t<\/div>\n\t<\/div>\n<\/div><\/div><\/div><\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"Talking about the wider efforts at \u201cde globalisation\u201d and the trading system, and whether India saw opportunities opening or closing, Finance Minister Nirmala Sitharaman said there were two ways of looking at the situation. The first was that, for a long time, India had been keen to boost its ability to manufacture everyday consumer goods, [...]","protected":false},"author":1,"featured_media":39212,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4436],"tags":[4531,3379],"class_list":["post-39136","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-june-articles-2023","tag-india-boost-manufacturing-capacity","tag-make-in-india"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>India to boost it\u2019s manufacturing capabilities - 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\/india-to-boost-its-manufacturing-capabilities\/\" \/>\n<meta property=\"og:locale\" content=\"hi_IN\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"India to boost it\u2019s manufacturing capabilities - 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