Scripting India’s manufacturing revival: Rationalisation of GST, strengthening of IBC & NCLT on agenda to improve ease of business
Local manufacturing has got a boost from government initiatives like the production-linked incentive (PLI) schemes, government and industry officials said and suggested additional measures like GST rationalisation, strengthening the debt resolution system, improving credit access for smaller enterprises, encouraging product design and securing favourable free trade agreements to further enhance ‘Make in India’.