India’s Product-Linked Incentive (PLI) schemes, launched in 2020, are transforming the manufacturing and export landscape. With a budget of Rs 1.97 lakh crore (USD 26 billion), the initiative boosts domestic production, exports, and job creation across 14 sectors.
Investment and Employment Growth
The Ministry of Commerce and Industry reports that PLI schemes have attracted investments worth Rs 1.46 lakh crore (USD 17.5 billion). Production under the initiative has reached Rs 12.5 lakh crore (USD 150 billion), while exports total Rs 4 lakh crore (USD 48 billion). Additionally, the program has generated 9.5 lakh direct and indirect jobs nationwide.
Key Sectors Leading the Charge
PLI benefits extend to key sectors, including Mobile Manufacturing, Pharmaceuticals, Automobiles, Telecom, Specialty Steel, and Advanced Chemistry Cell (ACC) Batteries. Over 1,300 manufacturing units have been established across 27 states and union territories, creating a diverse industrial base.
MSME Sector Boost
The scheme has significantly impacted the MSME sector by driving demand for ancillary units through anchor manufacturing facilities. This ripple effect has strengthened value chains and accelerated MSME growth.
White Goods Sector Success
The PLI scheme’s influence on the white goods sector highlights its effectiveness, fostering innovation and improving competitiveness across industries.
