₹1.23 Lakh Crore Investment Attracted Under PLI Scheme Across 14 Sectors
GG News Bureau
New Delhi, 31st July. India’s Production Linked Incentive (PLI) Scheme has approved 755 applications across 14 key sectors, attracting an investment of ₹1.23 lakh crore as of March 2024.
The scheme, aimed at bolstering India’s manufacturing capabilities and exports, is part of the country’s vision to become ‘Atmanirbhar’ (self-reliant).
The 14 sectors covered under the PLI Scheme include:
- Mobile Manufacturing and Specified Electronic Components
- Critical Key Starting Materials/Drug Intermediaries & Active Pharmaceutical Ingredients
- Manufacturing of Medical Devices
- Automobiles and Auto Components
- Pharmaceuticals Drugs
- Specialty Steel
- Telecom & Networking Products
- Electronic/Technology Products
- White Goods (ACs and LEDs)
- Food Products
- Textile Products: MMF segment and technical textiles
- High-Efficiency Solar PV Modules
- Advanced Chemistry Cell (ACC) Battery
- Drones and Drone Components
The PLI Schemes aim to attract investments, enhance technology, improve efficiency, and boost global competitiveness. The schemes are expected to significantly increase production and contribute to economic growth over the next five years.
Under the PLI Scheme, the Ministry of Heavy Industries is overseeing the implementation of the Automobile and Auto Components Scheme and the National Programme on Advanced Chemistry Cell Battery Storage Scheme. These schemes include provisions for research and development expenditures as eligible investments.
The initiative has generated approximately 8 lakh jobs, reflecting its impact on both the economy and employment.
Comments are closed.