New Delhi, July 21: The government has successfully attracted over ₹2.4 lakh crore in investment across 14 key sectors through its Production Linked Incentive (PLI) schemes, set to run until March 31, 2026. These initiatives have generated more than 1.415 million direct and indirect job opportunities. Additionally, they have facilitated exports valued at ₹15.2 lakh crore, as reported by the government in Parliament.
In a written response in the Lok Sabha, Minister of State for Commerce and Industry Jitin Prasada stated that the PLI schemes were launched with an approved financial outlay of ₹1.91 lakh crore.
He explained that the Department for Promotion of Industry and Internal Trade (DPIIT) acts as the nodal agency for coordinating and monitoring these schemes, while the implementation responsibility lies with the respective ministries.
According to the government, there has been a significant increase in exports under the PLI program over the past three years. Exports are projected to rise from ₹4 lakh crore in the fiscal year 2023-24 to ₹6.5 lakh crore in 2024-25, and further to ₹15.2 lakh crore in 2025-26. This growth reflects India’s increasing participation in global value chains.
Among the 14 sectors included in the scheme, the high-efficiency solar photovoltaic (PV) module sector attracted the highest cumulative investment of ₹64,873 crore. This was followed by investments of ₹45,158 crore in pharmaceuticals and ₹44,326 crore in the automobile and auto components sector.
The specialty steel sector received ₹23,896 crore in investment, while the large-scale electronics manufacturing sector attracted ₹20,580 crore.
The government also highlighted the impact of the PLI program on electronics manufacturing, noting that mobile phone production has nearly doubled since the program’s inception. Currently, approximately 99.2% of mobile phones sold in India are manufactured domestically, with imports of mobile phones decreasing by about 77%.
The implementation of the PLI schemes is periodically reviewed by an Empowered Group of Secretaries (EGoS) chaired by the Cabinet Secretary, along with the relevant ministries.
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