An Indian official told Reuters that excessive bureaucracy and red tape were still hindering the scheme’s success. An undated analysis compiled by India’s commerce ministry revealed that by October 2024, the PLI scheme had achieved only 37 per cent of its target read more PM Modi last year had hailed the PLI scheme as 'game changer' The Indian government, led by Prime Minister Narendra Modi, has decided to discontinue a major scheme launched four years back to incentivise domestic manufacturing, reported Reuters. The $23 billion Production-Linked Initiative (PLI) scheme was introduced to attract manufacturers abandoning the Chinese market following Covid-19...