The federal government on Tuesday knowledgeable the Lok Sabha that its Manufacturing Linked Incentive (PLI) schemes throughout 14 key sectors have attracted investments of Rs 1.76 lakh crore until March 2025. These investments have led to incremental manufacturing/gross sales value over Rs 16.5 lakh crore and generated greater than 12 lakh direct and oblique jobs.
Minister of State for Commerce and Trade, Jitin Prasada, stated in a written reply that the schemes, launched with a complete outlay of Rs 1.97 lakh crore, are aimed toward boosting India’s manufacturing capabilities, growing exports, and making Indian firms globally aggressive underneath the ‘Atmanirbhar Bharat’ initiative.
The sectors lined underneath the PLI scheme embrace cellular manufacturing and digital parts, prescription drugs, medical gadgets, cars and auto parts, meals processing, white items, textiles, telecom, specialty metal, photo voltaic modules, and superior chemistry cell batteries, amongst others.
Vital progress has been made within the electronics sector. In response to the minister, cell phone manufacturing has grown by 146 per cent, from Rs 2.13 lakh crore in 2020-21 to Rs 5.25 lakh crore in 2024-25. Extra notably, cell phone exports have jumped 775 per cent, rising from Rs 22,870 crore to Rs 2 lakh crore throughout the identical interval. Firms like Apple’s contract producers—Foxconn, Wistron, and Pegatron— have expanded their manufacturing base in India underneath the PLI framework.
Within the prescription drugs sector, cumulative gross sales underneath the PLI scheme reached Rs 2.66 lakh crore, together with exports value Rs 1.70 lakh crore. The scheme has helped India transition from a web importer of bulk medication, with a commerce deficit of Rs 1,930 crore in FY22 to a web exporter, with a surplus of Rs 2,280 crore.
The medical gadgets sector additionally noticed tangible impression, with 21 tasks commencing the manufacturing of 54 high-end gadgets comparable to MRI machines, coronary heart valves, CT scanners, and dialyzers.
The federal government has thus far disbursed Rs 21,534 crore in incentives throughout 12 sectors underneath the PLI scheme, together with IT {hardware}, bulk medication, telecom and networking merchandise, white items, and specialty metal. Initiatives are applied over a timeline of two to a few years relying on the character of producing, with claims for incentives usually made after the primary 12 months of manufacturing.
The schemes are being monitored and usually reviewed by respective ministries in addition to an Empowered Group of Secretaries (EGoS) to make sure efficient implementation and consequence evaluation.
