The biggest driver of India’s export economy is the proactive measures implemented by the government. The “Make in India’ campaign has made India a manufacturing hotspot and has witnessed tremendous investment from foreign investors. The GST reforms have contributed to the ease of doing business and have contributed to forming an environment where businesses can thrive.
With regard to sector-specific policies for major industries like electronics, automotive and textiles, the PLI( Production linked incentive) scheme has offered financial incentives for manufacturers to boost domestic production and exports in strategic sectors. The FAME (Faster Adoption and Manufacturing of Electric Vehicles) has seen significant investments from domestic and international players. This has made the automotive industry one of the largest contributors to India’s exports, with companies like Tata Motors and Maruti Suzuki expanding their global footprint.
"Robust regulations can provide a framework for developers and stakeholders to follow sustainable guidelines and mitigate environmental impact effectively", Vikramjiet Roy, Managing Director, Maccaferri India and Regional Head – India Southeast Asia Region.
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