Paper Title
EXPORTING SUCCESS: HOW INDIA’S NEW INDUSTRIAL POLICY AIMS TO DRIVE MANUFACTURING

Abstract
A "China plus one" (C+1) approach to supply chain resilience is becoming more common due to global supply chain disruptions caused by the COVID-19 pandemic and escalating geopolitical tensions. The C+1 approach allows India to attract manufacturing investments from around the world. India is an excellent choice due to its strategic location, large domestic market, low labour costs, and skilled workforce. The "Production-Linked Incentive (PLI) Scheme" announced in April 2020 has proven to be an appealing incentive for attracting manufacturing businesses. This study examines the impact of the Indian government's PLI scheme on boosting local production and reducing reliance on foreign suppliers. Findings suggest that by providing cash incentives to critical industries such as automotive, textile, pharmaceutical, and electronic components based on incremental sales, the PLI scheme aims to enhance the competitiveness of domestic industries and strengthen India's economic independence.