Implementation and monitoring of scheme have mammoth magnitude and coverage

Deepak Anand (National Head for Technology and Government Sector), ESDS Software Solution

"The shifting global winds fueled by the ongoing Pandemic has necessitated tectonic policy shifts and a De Novo look at the way Government of India (GoI) seeks to stimulate the domestic economy, employment and growth. GoI has precisely assimilated the stark realities of these times and the need to rise up to the global environment triggered by once in centuries kind of global health care emergency. The recent disruptions in global supply chains have deeply hurt the manufacturing sector and have thus forced the Govt to evolve innovative and path braking policy provisions to incentivise domestic manufacturing and project India as an attractive investment destination, while still remaining within the boundaries of contemporary global trade policies and agreements.

PLI scheme is directly applicable to the manufacturing sector. However, as a leading cloud service provider, we earnestly urge the Govt to look at this vital sector and not only provide Infrastructure sector status to this but also roll out incentive scheme for the service sector. Although, as the manufacturing picks up and achieves global scale it would have to be done on the backbone of Digital Transformation (DX) of the entire process, so ESDS as a leading DX catalyst would be playing a pivotal role in supporting this growth. As such a large number of manufacturing industry even now uses our cloud services to achieve economy and efficiency in their operations. Going forward the innovative IPs on boarded by ESDS on SPOCHUB (SaaS Market place) will play a very significant role in fueling this growth story. Industry 4.0 will most certainly be the main stay of these reenergized and repowered production power houses and SPOCHUB will provide all the required SaaS products to support this giant leap of manufacturing sector. We have visualized this and we have put in place a phenomenal marketplace that is home to some of the most innovative and cutting-edge tools that the technology has to offer. PLI powered manufacturing sector would have to look no further all solutions to support this giant leap will be available on SPOCHUB in SaaS model.

The most significant challenge we foresee is like implementation and monitoring of scheme this which has mammoth magnitude and coverage. The financial outlay for incentivizing the manufacturing would have to be carefully balanced and provisioned, given the burden the Govt is already facing due to Covid -19. Policy makers would have to walk a very tight rope between tariff and non-tariff measures, as at one hand they would have to encourage foreign investment to boost manufacturing capacities for attaining global scales of operation and on the other they would have to ensure protection of domestic consumption story and competitive pricing. We feel that there would definitely be a finite period before the benefits of the scheme are visible. The paradigm shifts in policy making and implementation would have to be across the ministries and departments to facilitate ease of establishment, production and global trade. We would have to recalibrate a number of other associated policies and rules to enable the success of this mega initiative of Govt. We must look at all associated functions in a comprehensive manner and align them towards facilitating the success of this scheme.  We as a service provider see that, for attainment of intended goal from this scheme, we must include associated service industry also.”

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