PLI schemes attract ₹1.76 lakh crore investment

New Delhi

India’s Production-Linked Incentive (PLI) schemes have attracted actual investments worth ₹1.76 lakh crore across 14 sectors till March 2025. These investments led to additional production worth ₹16.5 lakh crore and helped generate over 12 lakh direct and indirect jobs, Parliament was informed on Tuesday.

Minister of State for Commerce and Industry, Jitin Prasada, shared the update in a written reply to the Lok Sabha. He said 806 applications have been approved under the PLI schemes, which have boosted domestic manufacturing, increased exports, and created employment.

The pharmaceutical sector alone saw sales worth ₹2.66 lakh crore in the first three years, including exports of ₹1.70 lakh crore. India also became a net exporter of bulk drugs, reversing its earlier import dependency.

The PLI scheme for medical devices helped launch production of 54 advanced products, including MRI machines, CT scans, heart valves, and dialysis equipment. So far, 21 projects are operational under this category.

In the electronics sector, mobile production increased by 146%—from ₹2.13 lakh crore in 2020–21 to ₹5.25 lakh crore in 2024–25. Mobile exports rose by a massive 775%, reaching ₹2 lakh crore.

The government has disbursed ₹21,534 crore in incentives across 12 sectors, including electronics, IT hardware, pharmaceuticals, food processing, textiles, steel, and automobiles.

The PLI schemes are playing a key role in strengthening India’s manufacturing ecosystem, reducing import dependency, and helping the country become a competitive global supplier.