Indian policymakers have been striving to attract investment in manufacturing over decades. However, the share of manufacturing in gross domestic product (GDP), at 16-18 per cent, is a far cry from expectations that it would touch 25 per cent around India@75. A few high-profile investment announcements recently in electronics, chip making, batteries, et al have received attention. But overall, the requirements of a significant uptick in manufacturing investments remain an ongoing policy challenge.
Over the past few years, the government has tried a variety of interventions, such as the PLI (production-linked incentive) scheme, National Logistics Policy, Gati
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