‘PLI scheme, Make in India have incentivized domestic manufacturing & FDI’

Ramanathan Rajamani, CEO, AISATS said, “The China+1 strategy, often interpreted as a diversification effort by global firms, should not be viewed as a shift away from China, but rather as an opportunity for other economies like India to complement global supply chain networks and meet the rising demand more collaboratively. In this evolving landscape, India has emerged as a natural partner due to its strong manufacturing capabilities, robust policy support, and improving logistics infrastructure. India’s large, skilled labour force offers cost-effective solutions across multiple sectors, making it an attractive choice for both existing and emerging supply needs. Policy reforms such as the Production-Linked Incentive (PLI) scheme and the Make in India initiative have further incentivized domestic manufacturing and foreign investment, particularly in areas of electronics, pharmaceuticals, and textiles. Geographically, India enjoys a strategic location with proximity to key Asian, African, and European markets, enabling smoother access to global trade routes. Its continued focus on infrastructure development, such as dedicated freight corridors, multimodal logistics parks, and port modernization, positions India as a reliable and resilient supply chain node. India’s participation in the “+1” strategy signals a shared role in building a more agile and diversified global supply chain, capable of absorbing shocks and responding to shifting geopolitical and economic priorities.”