A global conference on India’s industrial policy, production-linked incentive (PLI) schemes, and sustainable development concluded in Hyderabad. Organised by the Centre for Trade and Investment Law (CTIL) in collaboration with NALSAR University of Law and the World Trade Institute, the event featured discussions on trade policies, energy transition, and global supply chains.
The three-day conference, held from 17 to 19 January 2025, brought together policymakers, academics, and trade experts. Discussions focused on the evolving geopolitical landscape, the effectiveness of PLI schemes in boosting manufacturing, and the role of sustainability in shaping India’s future industrial strategies.
Experts from the World Trade Organization (WTO) stressed the importance of ensuring industrial policies comply with international trade rules. Former WTO Appellate Body members Ujal Singh Bhatia and Peter Vanden Bosche highlighted the need for a balance between trade regulations and national industrial strategies.
Montek Singh Ahluwalia, former Deputy Chairman of the Planning Commission, addressed the global shift from free trade to protectionism. He emphasised the necessity for India to adopt clear, cost-effective interventions in key sectors while ensuring transparency and WTO compliance.
During the conference, Dammu Ravi, Secretary (Economic Relations) at the Ministry of External Affairs, underscored India’s role in global raw material supply chains. He stressed the importance of integrating value chains while fostering domestic job creation.
The conference also saw the launch of CTIL’s new monthly newsletter, Investment Law Compass, which will provide insights into global investment regulations.
As India navigates economic transformations, the discussions at this conference will likely influence future industrial policies, ensuring competitiveness and sustainability on a global scale.
