PLI scheme doesn't compensate for obstacles in uncompetitive environment Maruti chairman

    Kolkata, Jun 25 (PTI) The Production Linked Investment
(PLI) scheme announced by the government for ramping up
large-scale manufacturing capacity does not compensate for
obstacles in an uncompetitive business environment, Maruti
Suzuki chairman R C Bhargava said on Friday.
    He advocated for policies that are directed at making
manufacturing competitive by bringing down costs to make it
affordable for domestic and international markets.
    "The PLI scheme will help certain sectors and
products. It cannot compensate for the obstacles of being
uncompetitive," Bhargava said at an interactive session with
The Bengal Chamber.
    The government had announced an outlay of Rs 1.97 lakh
crore for the PLI scheme for 13 sectors including automobile
in the 2021-22 Union budget. The scheme aims at boosting
domestic manufacturing under the governments Atmanirbhar
Bharat initiative.
    To a question, Bhargava said that the company was not
looking for new manufacturing plants as the industry CAGR for
the last few years was less than two per cent.
    "We only have to look for a site to relocate from
Gurgaon. Have some additional land in Gujarat," the chairman
of the country's largest automaker said without elaborating.
To attract investment, Bhargava said, there has to be
political and administrative will, and measures to ensure
costs are competitive, he said in the context of
revitalisation of industry in West Bengal.
    Replying to a question, he said that conflict in the
relationship between a state and the Centre does not impact
investments.
    The West Bengal government is at loggerheads with the
Centre over various issues. PTI BSM
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(This story has not been edited by THE WEEK and is auto-generated from PTI)