New Delhi, 17 JAN 2024:* The Production Linked Incentive (PLI) Schemes have attracted an investment of over Rs. 1.03 lakh crore until November 2023. This substantial investment has resulted in production/sales of Rs. 8.61 lakh crore, generating direct and indirect employment for over 6.78 lakh individuals. Additionally, the PLI Schemes have witnessed exports exceeding Rs. 3.20 lakh crore, with significant contributions from sectors like Large-Scale Electronics Manufacturing, Pharmaceuticals, Food Processing, and Telecom & Networking products.As of now, 746 applications have been approved across 14 sectors, with an expected investment of over Rs. 3 lakh crore. The PLI beneficiaries include 176 MSMEs in sectors such as Bulk Drugs, Medical Devices, Pharma, Telecom, White Goods, Food Processing, Textiles & Drones. An incentive amount of around Rs. 4,415 crore has been disbursed under PLI Schemes for 8 sectors.The PLI Schemes have played a pivotal role in making Indian manufacturers globally competitive, attracting investments in core competency areas and cutting-edge technology. The schemes aim to enhance India’s manufacturing capabilities, create economies of scale, boost exports, and integrate India into the global value chain.
Production Linked Incentive Schemes Garner Over Rs. 1.03 Lakh Crore Investment Till Nov 2023
