India’s PLI schemes across 14 sectors have attracted ₹1.76 lakh crore in investments, driving ₹16.5 lakh crore in production and creating over 12 lakh jobs. Key gains include surging mobile exports, rising pharmaceutical self-reliance, and growth in medical device manufacturing. The government has disbursed ₹21,534 crore in incentives so far.
The Indian government has informed the Lok Sabha that its Production Linked Incentive (PLI) schemes across 14 key sectors have attracted investments worth ₹1.76 lakh crore as of March 2025. These investments have led to additional production and sales exceeding ₹16.5 lakh crore and generated over 12 lakh direct and indirect jobs.
Introduced with a total financial outlay of ₹1.97 lakh crore, the PLI schemes are designed to strengthen India’s manufacturing ecosystem, promote exports, and enhance global competitiveness under the ‘Atmanirbhar Bharat’ mission.
The targeted sectors include mobile and electronic components, pharmaceuticals, medical devices, automobiles and auto components, food processing, white goods, textiles, telecom, specialty steel, solar modules, and advanced chemistry cell (ACC) batteries, among others.
Significant advancements have been made in the electronics sector. Mobile phone production has grown by 146%, from ₹2.13 lakh crore in 2020–21 to ₹5.25 lakh crore in 2024–25. Even more striking is the 775% rise in mobile phone exports—from ₹22,870 crore to ₹2 lakh crore in the same period. Apple’s contract manufacturers, including Foxconn, Wistron, and Pegatron, have scaled up their operations in India under the PLI scheme.
The pharmaceutical sector has also seen robust growth, with cumulative PLI-driven sales reaching ₹2.66 lakh crore, including ₹1.70 lakh crore in exports. India has moved from a bulk drug trade deficit of ₹1,930 crore in FY22 to a surplus of ₹2,280 crore, signaling a shift toward self-reliance.
In the medical devices segment, 21 approved projects have started manufacturing 54 high-end products, including MRI machines, CT scanners, heart valves, and dialyzers, contributing to domestic capacity building.
So far, the government has disbursed ₹21,534 crore in incentives across 12 sectors, covering areas such as IT hardware, telecom, specialty steel, white goods, and bulk drugs. Most PLI projects follow a 2–3 year implementation timeline, with incentive claims typically starting after the first year of production.
You must be logged in to post a comment.
Stay ahead in the dynamic world of trade and commerce with India Business & Trade's weekly newsletter.