• The Production-Linked Incentive (PLI) schemes have registered over Rs. 1.03 lakh crore of investment till November 2023, which has led to production and sales of Rs. 8.61 lakh crore and employment generation (direct & indirect) of over 6.78 lakh. 

• In 2021, the government announced PLI schemes for 14 sectors with an outlay of Rs 1.97 lakh crore.

• According to the ministry of commerce & industry, PLI schemes have witnessed exports surpassing Rs 3.20 lakh crore, with significant contributions from sectors such as Large-Scale Electronics Manufacturing, Pharmaceuticals, Food Processing, and Telecom & Networking products.

• As many as 746 applications have been approved in 14 sectors with expected investment of over Rs 3 lakh crore.

• The government has disbursed Rs 4,415 crore for eight sectors till October in this fiscal. During 2022-23, the disbursement was Rs 2,900 crore.

PLI schemes

An outlay of Rs 1.97 lakh crore has been announced for Production-Linked Incentive (PLI) schemes for 14 key sectors for a period of five years starting from FY 2021-22.

These sectors are:

1) Mobile manufacturing and specified electronic components (Large scale electronics manufacturing)

2) Critical key starting materials/drug intermediaries & active pharmaceutical ingredients

3) Manufacturing of medical devices 

4) Automobiles and auto components

5) Pharmaceuticals

6) Specialty steel

7) Telecom and networking products

8) Electronic/technology products

9) White goods (ACs and LEDs)

10) Food products

11) Textile products: man-made fibre (MMF) segment and technical textiles

12) High efficiency solar PV modules

13) Advanced Chemistry Cell (ACC) battery.

14) Drones and drone components.

• All the approved sectors identified under PLI schemes follow the broad criteria of focusing on key technologies where India can leapfrog and multiply employment, exports and overall economic benefits for the economy. These sectors were approved after vetting by NITI Aayog and after detailed deliberations with concerned ministries/departments. 

• The objectives of PLI schemes are to make manufacturing in India globally competitive by removing sectoral disabilities, creating economies of scale and ensuring efficiencies.

• It is designed to create a complete component ecosystem in India and make India an integral part of the global supply chains. 

• The schemes are expected to attract global investments, generate large scale employment opportunities and enhance exports substantially.

• The PLI schemes are expected to have a cascading effect on the country’s MSME ecosystem. The anchor units that will be built in every sector are likely to set a new supplier/vendor base in the entire value chain. Most of these ancillary units are expected to be built in the MSME sector.

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