Incentives worth Rs 21,534 crore disbursed till March under PLI schemes for 12 sectors

Commerce Minister Piyush Goyal

Centre has disbursed Rs 21,534 crore until March 2025 through the Production Linked Incentive (PLI) scheme for 12 sectors, including largescale electronics manufacturing (LSEM), IT hardware, bulk drugs, medical devices and pharmaceuticals since the launch of the programme, in an effort to support local manufacturing.

The government's flagship scheme witnessed investments worth Rs 1.76 lakh crore till now, generating production or sales of over Rs 16.5 lakh crore and direct and indirect employment of more than 12 lakhs till March 2025, according to official data.

Commerce Minister Piyush Goyal during a review meeting on June 25 asked ministries to focus on creating quality skilled manpower and resolving infrastructure bottlenecks in collaboration with NICDC (National Industrial Corridor Development Programme).

Goyal also stressed on preparing a roadmap for the next five years both on investment and disbursement for the output-linked incentive scheme. Piyush Goyal also said India must focus on sectors where there is competitive edge over others and address stakeholders' concerns so that exports can grow.

While pharmaceutical drugs has seen cumulative sales of Rs 2.66 lakh crore, including exports of Rs 1.70 lakh crore in the first three years of the scheme, food products reported investments worth Rs 9,032 crore, resulting in production or sales of Rs 3,80,350 crores and employment of 3,40,116.

Exports of Indian Man-made Fibre (MMF) textiles reached $6 billion during 2024-25 as against $5.7 billion in 2023-24. The overall exports of technical textiles from India reached $3,356.5 million during in the previous fiscal as against exports of $2,986.6 million in FY24.

The government has committed around Rs 1.97 lakh crore for various PLI schemes for a period of five years starting 2021-22 to help bring scale and size in key sectors.

While sectors like large-scale electronics manufacturing have seen unparalleled success, others such as steel and textiles have lagged. Given this, the government is said to be exploring non-PLI schemes to ramp up production and exports in key sectors.