India puts its plan to snatch factories from China on fast-track

India will fast-track permissions and handhold investors putting up capacities under the various production-linked incentive (PLI) schemes as it seeks to reinvigorate manufacturing in the country.

Top officials of the Department for Promotion of Industry and Internal Trade, Niti Aayog and the finance ministry among others met last week for a status check with PLI investments having crossed the ₹25,000 crore March target. The holistic review of the scheme that neared two years showed while some sectors had over-performed, others were lagging.