RIEB Seminar

International Symposium on "Economic Growth and Industrialization in India"

Thursday, November 9, 2023, 15:00 - 17:10

Jointly supported by RIEB Seminar / Kobe University Center for Social System Innovation

Date & Time	Thursday, November 9, 2023, 15:00 - 17:10
Place	Meeting Room at RIEB (Annex, 2nd Floor)
Intended Audience	Faculty, Graduate Students, and People with Equivalent Knowledge
Langage	English
Registration	Registration is required. The seminar details will be sent to the registered emails. Registration Form (Due: Nov 5)

Topic: New Industrial Policy in India: Key Features
Speaker: K. V. RAMASWAMY (Indira Gandhi Institute of Development Research)
Abstract: India has initiated a slew of industrial policy programmes in recent years. The most notable has been the Make-in-India campaign started in 2014. The objective has been to transform India into a global design and manufacturing hub and aimed at raising the contribution of the manufacturing sector to 25 percent of the GDP by 2025. In this paper we present a policy narrative that captures the key highlights and certain obstacles in this recently chosen path by India. The policy instruments include tariff protection, export subsidy, local content requirement through phased manufacturing programme and incentivizing domestic value added, and direct production subsidies. Under the Production Linked Incentive (PLI) scheme direct production subsidy is provided to firms in 14 key manufacturing sectors subject to certain performance parameters. A key objective of the new industrial policy is to incentivize manufacturing investment and capacity creation to achieve higher domestic value addition in the face of increasing import competition particularly from China.

Topic: Global Value Chains (GVCs) Participation and the Upgrading of the Indian Auto Components Industry
Speaker: Takahiro SATO (Kobe University Center for Social System Innovation)