PLI : An overview
Industry sector allocation
The sectors and their respective allocations include:
1. Automobiles and Auto Components: ₹57,042 crore
2. Pharmaceuticals: ₹15,000 crore
3. Telecom & Networking Products: ₹12,195 crore
4. Textiles: ₹10,683 crore
5. Food Processing: ₹10,900 crore
6. Specialty Steel: ₹6,322 crore
7. White Goods (ACs & LEDs): ₹6,238 crore
8. Electronic/Technology Products: ₹5,000 crore
9. Advanced Chemistry Cell (ACC) Batteries: ₹18,100 crore
10. Solar PV Modules: ₹4,500 crore
11. Medical Devices: ₹3,420 crore
12. Large Scale Electronics Manufacturing: ₹40,951 crore
13. Drones and Drone Components: ₹120 crore
14. IT Hardware: ₹7,350 crore
The funds are strategically allocated to industries that show growth prospects and offer opportunities for reducing imports.
Private Sector participation
The PLI initiative has attracted a lot of attention from businesses. Many companies have come forward with investment plans to take advantage of the scheme
In the automotive industry sector 115 companies submitted their applications out of which 85 received approval. This led to an investment of ₹67, 690 crore exceeding the goals set.
Eighty four companies are planning to invest an amount of ₹10, 500 crore, in white goods sector with a production value of around ₹ 17 trillion.
Specialized Steel Initiative aims to enhance the manufacturing of premium grade steel by implementing upgrades to encourage investments in the sector.
Total Projects Started
By December 2024th the PLI has contributed to the creation of more than 1300 manufacturing facilities in 14 sectors and 27 states/union territories – pointing to its impact on ground.
Impact and Achievements
Investment Mobilization : The total investment amount has now grown to ₹ 146 billion with involvement, from the sector.
Export Growth : Indian products have demonstrated enhanced competitiveness, with exports ₹400 billion being recorded in export growth figures.
Employment : 950 thousand jobs have been generated which has helped boost the economy and foster social progress.
The Production Linked Incentive (PLl) scheme has played a role, in rejuvenating India’s manufacturing industry by drawing investments and increasing production levels, sustaining this progress, removing the bottlenecks will decide its impact in reaching country’s goals in the long run.
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