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电信行业的PLI:推动制造业发展的急需动力

“随着技术的发展,网络也有望发展,NextGen无线设备将在开放无线电接入网络(Open RAN)上运行。印度可以利用“印度制造”计划下的O-RAN产品制造,以经济有效地部署5G网络,并推出创新的5G用例。这可能会进一步激励企业投资于未来的技术。”乔杜里说。

(Kunal Chaudhary
(Kunal Chaudhary 安永印度税务合伙人

It is expected that the approved applicants would invest north of INR 3000 crore in the next four years. The scheme is effective from 1 April 2021 and incentives are calculated as a percentage of incremental sales over the base year 2019-20. Investments made post 1 April 2021 under the eligible Plant & Machinery, Research & Development, Transfer of Technology and Associated utilities will be considered for the purpose of incentives. Considering all the large global and Indian equipment manufacturers have committed investment for setting up \/ expanding their manufacturing facilities in India, the scheme is likely to meet the twin objective of reducing dependency on imports and creating infrastructure for manufacturing state of art technology equipment in India.

The above, coupled with re-aligning the public procurement policy making it mandatory to have a specified percentage of domestic value-added content and various schemes such as bonded manufacturing scheme, State incentives, etc. have made a compelling business case for manufacturing in India. Given the above to amplify the momentum, both the Government and the Industry may need to align on some of the following aspects.

The scheme provides to meet the following yearly conditions of incremental sales and investment to be eligible for the benefit.

Year<\/strong><\/td> 1<\/strong><\/td> 2<\/strong><\/td> 3<\/strong><\/td> 4<\/strong><\/td> <\/tr>
Investment (cumulative)<\/strong><\/td> 20%<\/td> 40%<\/td> 70%<\/td> 100%<\/td> <\/tr>
Minimum incremental sales over the base year<\/strong><\/td> 3 times of the yearly minimum investment threshold<\/td> 3 times of the yearly minimum investment threshold<\/td> 3 times of the yearly minimum investment threshold<\/td> 3 times of the yearly minimum investment threshold<\/td> <\/tr> <\/tbody> <\/table>
As most of the applicants were awaiting approvals for commencing investments, it would be interesting to see how eligible applicants synchronise to ramp up production for meeting the minimum investment and sales thresholds for incentives in the first year. In the past, it has been seen that where gestation period was not provided, the industry faced challenges under other schemes in meeting the incremental sales targets in the initial year and had to approach the Government to extend the tenure of the scheme.

Further, the scheme envisages a total budgetary outlay of INR 12,195 crores. Considering the committed investment and restriction on the maximum incentive which is lower of incremental sales projections provided by companies or 20 times the prescribed yearly investment, it is likely that the entire budget may not be utilised. The government may consider providing additional incentives to the industry players focused on creating newer technologies. With evolving technology, the network is also expected to evolve, and the NextGen wireless devices would operate on Open radio access networks (Open RAN). India can look to capitalize on manufacturing O-RAN products under the \u2018Make in India\u2019 program to cost-effectively deploy 5G networks and launch innovative 5G use cases. This may further motivate companies to invest in future technologies.

With more manufacturing being done in India, incentivizing the development of Indian Intellectual Property Rights (IPRs) in India may now take a front seat as that will promote meaningful manufacturing and increase value addition in India. By acting early to embrace the 5G opportunity, India can accelerate the 5G dividend and potentially also become an innovator in 5G applications by generating significant Intellectual Property Rights (IPR).

Further creating a component ecosystem is also a prime area of importance. With the recent shortage of electronic components and the industry\u2019s constraint on the availability of components in India, the Original Equipment Manufacturers (OEM)\/ Electronic Manufacturing Services (EMS) players should also work towards bringing their key partners\/suppliers to India. This will not only create synergies and may also induce cost efficiencies. Further with a spurt in manufacturing in India, the demand for such components will increase and may also bring an early mover advantage for the suppliers coming in India.

DoT may consider granting top-up benefits to companies who are investing in innovation (including software cost) and adoption of 5G, O-RAN technology or creating a component ecosystem in India on similar lines as granted under a few other PLI schemes wherein additional incentives are being provided on achieving incremental targets. This will provide the next level of momentum for manufacturing in this sector and improve the export potential for India.

(Sourabh Jain, EY India Tax Director also contributed to the article)
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电信系根据电信及网络产品的生产相连奖励计划,批准合资格的申请人。共有31家企业获批,包括7家跨国企业、8家国内企业和16家中小微企业。这一令人鼓舞的反应是政府在重新设计计划方面集中精力的结果,并广泛咨询了业界人士和主题专家的意见。

预计获批准的申请人将在未来四年投资超过300亿卢比。该计划自2021年4月1日起生效,激励措施按2019-20年基准年增量销售额的百分比计算。2021年4月1日后根据符合条件的工厂和机械、研究和开发、技术转让和相关公用事业进行的投资将被考虑用于激励目的。考虑到所有大型的全球和印度设备制造商都承诺投资在印度建立/扩大他们的制造设施,该计划很可能实现两个目标:减少对进口的依赖,并为印度制造最先进的技术设备创造基础设施。

以上,再加上公共采购的重新调整政策强制规定一定比例的国内增值内容,以及保税制造计划、国家激励等各种计划,为印度制造业提供了令人信服的商业案例。鉴于上述情况,政府和行业可能需要在以下一些方面保持一致。

该计划规定,满足以下每年增量销售和投资的条件,才有资格获得福利。

一年 1 2 3. 4
投资(累计) 20% 40% 70% 100%
基准年的最小增量销售额 年度最低投资门槛的3倍 年度最低投资门槛的3倍 年度最低投资门槛的3倍 年度最低投资门槛的3倍

由于大多数申请人正在等待开始投资的批准,看看符合条件的申请人如何同步提高产量,以满足第一年奖励的最低投资和销售门槛,将是一件有趣的事情。在过去,业界在没有提供孕育期的情况下,在其他计划下难以达到首年的增量销售目标,因此必须接近政府以延长计划的期限。

此外,该计划预计预算总支出为12,195亿卢比。考虑到承诺投资和企业提供的增量销售计划或规定的年投资额的20倍的最高奖励的限制,很有可能无法使用全部预算。政府可以考虑为专注于开发新技术的行业参与者提供额外的激励措施。随着技术的发展,网络也将不断发展,NextGen无线设备将在开放无线电接入网络(开跑).印度可以利用“印度制造”计划下的O-RAN产品制造,以实现经济高效的部署5克并推出创新的5G用例。这可能会进一步激励企业投资于未来的技术。

随着越来越多的制造业在印度完成,激励印度知识产权的发展现在可能会占据主导地位,因为这将促进有意义的制造业,并增加印度的附加值。通过及早采取行动抓住5G机遇,印度可以加速5G红利,并有可能通过创造重要的知识产权(IPR)成为5G应用领域的创新者。

进一步创建一个组件生态系统也是一个主要的重要领域。由于最近电子元件短缺,以及印度行业对元件供应的限制,原始设备制造商(OEM)/电子制造服务(EMS)参与者也应该努力将其主要合作伙伴/供应商带到印度。这不仅会产生协同效应,还可能提高成本效率。此外,随着印度制造业的激增,对这类组件的需求将会增加,也可能为进入印度的供应商带来先发优势。

交通部可以考虑向投资于创新(包括软件成本)和采用5G、O-RAN技术或在印度创建类似的组件生态系统的公司提供额外的福利,这些公司根据其他一些PLI计划提供额外的激励措施,以实现增量目标。这将为该行业的制造业提供下一个层次的动力,并提高印度的出口潜力。

(安永印度税务总监Sourabh Jain也对本文有贡献)

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It is expected that the approved applicants would invest north of INR 3000 crore in the next four years. The scheme is effective from 1 April 2021 and incentives are calculated as a percentage of incremental sales over the base year 2019-20. Investments made post 1 April 2021 under the eligible Plant & Machinery, Research & Development, Transfer of Technology and Associated utilities will be considered for the purpose of incentives. Considering all the large global and Indian equipment manufacturers have committed investment for setting up \/ expanding their manufacturing facilities in India, the scheme is likely to meet the twin objective of reducing dependency on imports and creating infrastructure for manufacturing state of art technology equipment in India.

The above, coupled with re-aligning the public procurement policy making it mandatory to have a specified percentage of domestic value-added content and various schemes such as bonded manufacturing scheme, State incentives, etc. have made a compelling business case for manufacturing in India. Given the above to amplify the momentum, both the Government and the Industry may need to align on some of the following aspects.

The scheme provides to meet the following yearly conditions of incremental sales and investment to be eligible for the benefit.

Year<\/strong><\/td> 1<\/strong><\/td> 2<\/strong><\/td> 3<\/strong><\/td> 4<\/strong><\/td> <\/tr>
Investment (cumulative)<\/strong><\/td> 20%<\/td> 40%<\/td> 70%<\/td> 100%<\/td> <\/tr>
Minimum incremental sales over the base year<\/strong><\/td> 3 times of the yearly minimum investment threshold<\/td> 3 times of the yearly minimum investment threshold<\/td> 3 times of the yearly minimum investment threshold<\/td> 3 times of the yearly minimum investment threshold<\/td> <\/tr> <\/tbody> <\/table>
As most of the applicants were awaiting approvals for commencing investments, it would be interesting to see how eligible applicants synchronise to ramp up production for meeting the minimum investment and sales thresholds for incentives in the first year. In the past, it has been seen that where gestation period was not provided, the industry faced challenges under other schemes in meeting the incremental sales targets in the initial year and had to approach the Government to extend the tenure of the scheme.

Further, the scheme envisages a total budgetary outlay of INR 12,195 crores. Considering the committed investment and restriction on the maximum incentive which is lower of incremental sales projections provided by companies or 20 times the prescribed yearly investment, it is likely that the entire budget may not be utilised. The government may consider providing additional incentives to the industry players focused on creating newer technologies. With evolving technology, the network is also expected to evolve, and the NextGen wireless devices would operate on Open radio access networks (Open RAN). India can look to capitalize on manufacturing O-RAN products under the \u2018Make in India\u2019 program to cost-effectively deploy 5G networks and launch innovative 5G use cases. This may further motivate companies to invest in future technologies.

With more manufacturing being done in India, incentivizing the development of Indian Intellectual Property Rights (IPRs) in India may now take a front seat as that will promote meaningful manufacturing and increase value addition in India. By acting early to embrace the 5G opportunity, India can accelerate the 5G dividend and potentially also become an innovator in 5G applications by generating significant Intellectual Property Rights (IPR).

Further creating a component ecosystem is also a prime area of importance. With the recent shortage of electronic components and the industry\u2019s constraint on the availability of components in India, the Original Equipment Manufacturers (OEM)\/ Electronic Manufacturing Services (EMS) players should also work towards bringing their key partners\/suppliers to India. This will not only create synergies and may also induce cost efficiencies. Further with a spurt in manufacturing in India, the demand for such components will increase and may also bring an early mover advantage for the suppliers coming in India.

DoT may consider granting top-up benefits to companies who are investing in innovation (including software cost) and adoption of 5G, O-RAN technology or creating a component ecosystem in India on similar lines as granted under a few other PLI schemes wherein additional incentives are being provided on achieving incremental targets. This will provide the next level of momentum for manufacturing in this sector and improve the export potential for India.

(Sourabh Jain, EY India Tax Director also contributed to the article)
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