PLI Schemes Attract Over ₹2.40 Lakh Crore Investment, Generate More Than 14.15 Lakh Jobs

Key Highlights:

• Production Linked Incentive (PLI) Schemes for 14 key sectors attracted over ₹2.40 lakh crore in actual investment by March 31, 2026.
• The schemes generated over 14.15 lakh direct and indirect jobs across various sectors by March 31, 2026.
• Cumulative exports under the PLI Schemes exceeded ₹15.2 lakh crore since their inception.
• The initial approved financial outlay for these schemes was ₹1.91 lakh crore.
• Department for Promotion of Industry and Internal Trade (DPIIT) serves as the nodal department for overall coordination and monitoring.

Detailed Insights:

• The PLI Schemes aim to enhance India's manufacturing capabilities, attract investments, increase exports, and improve global competitiveness.
• Mobile phone production increased by 2.4 times, with 99.2% of mobile phones used in India now manufactured domestically.
• The Pharmaceuticals sector recorded cumulative sales over ₹3.64 lakh crore, enabling domestic manufacture of 1,931 products, including 191 bulk drugs for the first time.
• The Bulk Drugs sector established a manufacturing capacity of about 55,000 MT across 26 critical Active Pharmaceutical Ingredients (APIs).
• The Medical Devices scheme facilitated domestic manufacturing of advanced equipment such as CT Scanners, MRI Systems, and Cath Labs.
• The Telecom & Networking Products scheme supported the development of indigenous 4G technology and domestic manufacturing of 5G telecom equipment.
• The White Goods scheme significantly expanded domestic manufacturing, with compressor capacity increasing from 1 million to 10 million units by 2025-26.
• Implementation of the PLI Schemes is periodically reviewed by the Empowered Group of Secretaries (EGoS), chaired by the Cabinet Secretary.
• Measures like rationalization of guidelines, relaxation of eligibility conditions, and stakeholder consultations are undertaken to improve scheme effectiveness.

Key Concepts Involved:

• Production Linked Incentive (PLI) Schemes: Government initiatives offering incentives to companies on incremental sales from products manufactured in domestic units.
• Department for Promotion of Industry and Internal Trade (DPIIT): A central government department responsible for the formulation and implementation of promotional and developmental measures for the industrial sector.
• Empowered Group of Secretaries (EGoS): A high-level committee of secretaries formed to oversee and expedite the implementation of major government policies and initiatives.