In this episode of the EY India Insights podcast, we explore how India’s Production Linked Incentive (PLI) scheme has accelerated the growth of manufacturing-led businesses, enabling them to scale from regional players to globally competitive enterprises. Deepak Agarwal, Promoter and Managing Director, Bikaji Foods, shares insights into the company’s journey, highlighting how policy support, combined with strategic investments in capacity expansion and automation, strengthened competitiveness, enhanced operational resilience and unlocked new international market opportunities.

The conversation further delves into how targeted policy interventions such as the PLI scheme have catalyzed long-term capital investment, strengthened manufacturing quality and improved supply chain resilience, particularly during periods of economic uncertainty, while examining the role of technology adoption, manufacturing scale, automation and governance in building sustainable and responsible growth across India’s manufacturing sector.

Key takeaways

• The Production Linked Incentive scheme in India acted as a catalyst for long‑term capacity expansion and automation, enabling Bikaji to scale efficiently and competitively.
• Policy support under PLI scheme manufacturing in India improved investment confidence, helping the company commit to large, future‑oriented capital decisions.
• Manufacturing excellence and technology adoption were critical in maintaining product quality while scaling volumes, especially in the food processing industry in India.
• Bikaji’s journey shows that policy-driven growth can help Indian brands build sustainable global footprints, not just boost short‑term output.

Tune in to learn how policy-driven growth, coupled with strategic execution, can help Indian companies build sustainable global footprints and drive the next phase of manufacturing-led growth.