Blitz Bureau
NEW DELHI: With investments exceeding Rs 1.76 lakh crore and major gains in output, exports, and employment generation, the Centre’s Production Linked Incentive (PLI) Scheme has played a key role in transforming India from a country that was heavily reliant on imports to a serious contender in global manufacturing. By backing sunrise sectors, powering innovation, and anchoring global supply chains closer to home, the PLI schemes are strategically strengthening India’s manufacturing base.
The production impact has been remarkable, with total sales by PLI participants exceeding Rs 16.5 lakh crore, reflecting impressive growth in key sectors such as electronics, pharmaceuticals, automotive, and textiles, according to an official statement. The PLI initiative has also emerged as a major job creator, generating over 12 lakh direct and indirect employment opportunities, while simultaneously fostering additional ecosystem development across Tier-2 and Tier-3 cities. Importantly, the scheme has catalysed a fresh wave of FDI into the country, endorsing India as a preferred destination for high-value manufacturing in an evolving global scenario, the statement said.
With an incentive outlay of Rs 1.97 lakh crore, the scheme is more than just a financial package. Today, with 806 applications approved across 14 strategic sectors, the scheme reflects strong industry confidence and robust adoption. The PLI Scheme stands as a cornerstone of India’s ambition to raise manufacturing’s contribution to 25 per cent of GDP and claim its place among the world’s leading industrial economies.
