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.