The main policy levers India uses to boost domestic manufacturing, entrepreneurship, and export-oriented industry.
Make in India (launched 2014) aims to raise manufacturing's share of GDP and position India as a global manufacturing hub across 25 focus sectors. It's now anchored by Production Linked Incentive (PLI) schemes β direct financial incentives tied to incremental production/sales in sectors like electronics, pharmaceuticals, and semiconductors, aimed at attracting supply chains diversifying away from single-country dependence.
Startup India (2016) offers registered startups tax exemptions, easier compliance, and access to a dedicated Fund of Funds; Stand-Up India (2016) specifically supports SC/ST and women entrepreneurs with bank loans between βΉ10 lakhβ1 crore for greenfield enterprises.
Special Economic Zones (SEZs) are demarcated areas offering tax and regulatory incentives to boost exports and investment. Industrial corridors β like the Delhi-Mumbai Industrial Corridor (DMIC) and the Vizag-Chennai Industrial Corridor (directly relevant to Andhra Pradesh) β integrate manufacturing zones with dedicated freight/transport infrastructure to cut logistics costs.
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