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FCC’s Webinar on Scope of PLI Scheme in India

Foreign Correspondents’ Club of South Asia (FCC) had organized a special webinar on ‘Self- Reliant India- Role of IT& Telecom’ with leading business leaders from the industry, discussing about the recent announcement of PLI scheme.

FCCThe event was attended by key leaders of the industry including  Ajai Chowdhry, Founder, HCL, Chairman Electronics Sector Skills Council & FICCI Start-up Committee, Jagdish Mitra, Chief Strategy Officer & Head of Growth, Tech Mahindra & Executive Council Member, NASSCOM, Amit Marwah, Head of Marketing & Corporate Affairs, Nokia India, Sandeep Aggarwal, Chairman of Telecom Export Promotion Council (TEPC) under Telecom Ministry and Telecom Committee Chief, Ph.D. Chamber of Commerce and Arvind Bali, CEO- Telecom Sector Skill Council.

Opening the session at the webinar Ajai Chowdhry, Founder, HCL, Chairman Electronics Sector Skills Council & FICCI Start-up Committee said, “What is critical is that we start to look at creating Atmanirbharta in Electronics and the (recently announced) PLI scheme will spur phenomenal growth in Electronics.”

Jagdish Mitra, Chief Strategy Officer & Head of Growth, Tech Mahindra & Executive Council Member, NASSCOMsaid, “We must understand the sensitivity and scope of two aspects- an opportunity that businesses have as to what can be done in India, considering the growth and the huge amount of 5G that can be delivered and broadband penetration. The opportunity is tremendous for the market here in India and that cannot be ignored, it will attract people to come to India, come and leverage the talent, make in India, sell and export from India to the world and make it a hub for some of their R&D. We don’t just need it to be only skill-based, but a place where you are creating and innovating. The mindset needs to change and welcome people to come and do more.”

Talking about the scope of job creation through PLI, Arvind Bali, CEO- Telecom Sector Skill Council said “India has been addressing the issue of jobs by connecting Industry’s job requirements and also with the government’s initiative of Skill India in a big way. Now with PLI in telecom hardware, we estimate it will create one million jobs in a very short period. And in these segments, we were skilling around 1.5 Mn people and now we expect we will skill around 5 Mn in 2 years.”

The Indian economy and job market are expected to take a big leap with the Indian Government’s Production Linked Scheme announced for 13 sectors.

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Aishwarya Saxena

A book geek, with creative mind, an electronics degree, and zealous for writing.Creativity is the one thing in her opinion which drove her to enter into editing field. Allured towards south Indian cuisine and culture, love to discover new cultures and their customs. Relishes in discovering new music genres.

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