Govt Disburses Over INR 21.5 Cr Under PLI Schemes

The government has disbursed INR 21,534 Cr under Production Linked Incentive (PLI) scheme across 12 sectors, including large-scale electronics manufacturing (LSEM), IT hardware, bulk drugs, medical devices and pharmaceuticals, till March.

Since its rollout, the PLI scheme has attracted investments worth INR 1.76 Lakh Cr, resulting in cumulative production or sales of over INR 16.5 Lakh Cr, the commerce and industry ministry said in a statement. 

Further, the initiative has also generated over 12 Lakh direct and indirect employment opportunities. 

During a review meeting held yesterday, Union minister Piyush Goyal asked ministries to prioritise development of quality skilled manpower and work alongside the National Industrial Corridor Development Corporation (NICDC) to address infrastructure bottlenecks.

The minister also highlighted the need to chart a five-year roadmap for investments and disbursements under the PLI scheme.

“India must focus on the sectors in which India has a competitive edge over other countries and address the problems faced by the various stakeholders so that the country’s exports can grow,” said Goyal. 

Highlighting the importance of building on India’s competitive strengths, Goyal called for focused efforts to address stakeholders’ concerns and boost export growth.

The PLI Scheme is under various stages of implementation in 14 key sectors. Other sectors include telecom & networking products, food processing, white goods, automobiles & auto components, specialty steel, textiles and drones & drone components.

Launched in 2020, the pharmaceutical sector witnessed cumulative sales of INR 2.66 Lakh Cr which includes exports of INR 1.70 Lakh Cr achieved in the first three years of the PLI scheme. 

Meanwhile, PLI Scheme for food products reported investments worth INR 9,032 Cr which has resulted in production/sales of INR 3,80,350 Cr and employment of 3.4 Lakh people. Exports of Indian man-made Fibre (MMF) textiles have reached $ 6 Bn during the financial year FY25 as against exports of $ 5.7 Bn during FY24. 

Earlier this year, the union cabinet approved the PLI scheme for non-semiconductor electronics components with an outlay of INR 22,919 Cr to boost India’s self reliance on electronics supply chain. 

The scheme is looking to attract an investment of INR 59,350 Cr, resulting in production of INR 4,56,500 Cr, and generating additional direct employment of 91,600 persons other than indirect jobs. 

Subsequently, the government received 70 applications in May for its electronics component manufacturing scheme, said Union minister Ashwini Vaishnaw.