Overview of India's PLI Schemes
India's 14 Production Linked Incentive (PLI) schemes have attracted investments worth ₹1.76 lakh crore, generated production exceeding ₹16.5 lakh crore, and created over 1.2 million jobs as of March, according to a government statement following a review meeting led by Commerce and Industry Minister. The minister emphasized the need for a roadmap for the scheme over the next five years regarding investment and disbursement.
Key Statistics and Outcomes
- Cumulative incentive amount disbursed: ₹21,534 crore for 12 sectors.
- Major Sectors Involved:
- Large-Scale Electronics Manufacturing (LSEM)
- IT Hardware
- Bulk Drugs
- Medical Devices
- Pharmaceuticals
- Telecom & Networking Products
- Food Processing
- White Goods
- Automobiles & Auto Components
- Specialty Steel
- Textiles
- Drones & Drone Components
Sector-Specific Achievements
- Pharmaceuticals:
- Total sales: ₹2.66 lakh crore.
- Exports: ₹1.70 lakh crore in the first three years.
- Export sales for FY25: ₹67,000 crore (27% of total pharma exports).
- Research & Development:
- 40% of total investment (₹37,306 crore) amounts to ₹15,102 crore.
- Domestic value addition: 83.7% as of March.
- Bulk Drugs:
- Net exporter at ₹2,280 crore in FY25 from a net importer at ₹1,930 crore in FY22.
- Food Products:
- Investments: ₹9,032 crore.
- Sales: ₹3.8 lakh crore.
- Jobs created: 340,000.
- Increased local raw material procurement, benefiting rural areas and farmers.
Other Notable Developments
- MSMEs:
- 70 MSMEs directly enrolled and 40 others as contract manufacturers.
- Marine Products:
- Sales increased at 22% compounded annually during the PLI period.
- Millet Scheme:
- Sales of Millet Based Products increased 25 times in FY25 over FY21.
