Day 27/100

India's manufacturing story has a massive blind spot. Did you know that after four years, less than 8% of the ₹1.91 lakh crore PLI incentives have actually been disbursed?

First, a quick disclaimer: I am not a SEBI registered advisor, so none of this is investment advice. But the data from the ground speaks volumes:

1. The Winners: Electronics and Telecom thrived because the incentive structures perfectly matched their rapid capex cycles and production realities.

2. The Misses: Specialty Steel and Textiles are struggling with deep structural and policy mismatches.

3. The Auto Irony: The Auto PLI requires massive upfront capital, essentially locking out true EV innovators and rewarding legacy incumbents.

We are now entering Phase Two, shifting from large scale assembly to a deep tech component ecosystem. That gap is exactly where the next decade of unpriced value lies.

Check out my full deep dive into the realities of these schemes and what they actually mean for the market!

https://spicapitalresearch.substack.com/p/the-pli-mirage-which-schemes-actually?r=5uwf28

Found this interesting? Share it in your study group[s]/ or on LinkedIn

👉 Join our Community Channel for FREE on whatsapp:

https://whatsapp.com/channel/0029VbCUIyF3AzNIZAA6GX0K

👉 Check my deep dives on various topics on Substack.

https://spicapitalresearch.substack.com/

👉 Also if you are on Insta (of course you are), Follow me on Instagram.

https://instagram.com/spicapitalresearch