Have PLI schemes generated Rs 1.76 lakh crore in investments and created over 12 lakh jobs?
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Synopsis
Discover how the Production-Linked Incentive (PLI) schemes have transformed India's economic landscape by attracting investments worth Rs. 1.76 lakh crore, generating over 12 lakh jobs, and significantly boosting production and exports across multiple sectors.
Key Takeaways
- Investment: PLI schemes attracted Rs. 1.76 lakh crore.
- Job Creation: Over 12 lakh jobs were generated.
- Incremental Sales: Resulted in over Rs. 16.5 lakh crore in production/sales.
- Sector Growth: Benefitted 14 sectors including electronics and pharmaceuticals.
- Export Boost: Increased mobile phone exports by 775%.
New Delhi, July 22 (NationPress) The Production-Linked Incentive (PLI) schemes have successfully attracted an actual investment of Rs. 1.76 lakh crore until March 2025 across 14 sectors. This has led to an increase in production and sales exceeding Rs. 16.5 lakh crore and the creation of over 12 lakh jobs (both direct and indirect), as reported to Parliament on Tuesday.
To date, there have been 806 approved applications under these PLI schemes across diverse sectors. These initiatives have stimulated domestic manufacturing, resulting in enhanced production, job opportunities, and a surge in exports, as stated by Minister of State for Commerce and Industry, Jitin Prasada, in a written response to the Lok Sabha.
The pharmaceuticals sector alone has recorded cumulative sales of Rs 2.66 lakh crore, which includes exports worth Rs 1.70 lakh crore achieved within the first three years of the scheme.
Furthermore, the scheme has enabled India to shift from being a net importer of bulk drugs (at -Rs 1,930 crore in FY 2021-22) to a net exporter (at Rs 2,280 crore). It has significantly narrowed the gap between domestic manufacturing capabilities and the demand for critical medications.
Under the PLI Scheme for medical devices, 21 projects have commenced manufacturing 54 distinct medical devices, encompassing high-end equipment such as Linear Accelerators (LINAC), MRIs, CT Scans, Heart Valves, Stents, Dialyzer Machines, C-Arms, Cath Labs, Mammographs, and MRI Coils, as reported by the minister.
Additionally, the production of mobile phones in value terms has surged approximately 146 percent, rising from Rs 2,13,773 crore in 2020-21 to Rs 5,25,000 crore in 2024-25, according to industry associations and DGCIS.
During this same timeframe, mobile phone exports have skyrocketed by about 775 percent, increasing from Rs 22,870 crore in 2020-21 to Rs 2,00,000 crore in 2024-25.
Cumulatively, an incentive amounting to Rs 21,534 crore has been disbursed as of June 24, 2025, under the PLI Scheme for 12 sectors, including Large Scale Electronics Manufacturing (LSEM), IT Hardware, Bulk Drugs, Medical Devices, Pharmaceuticals, Telecom & Networking Products, Food Processing, White Goods, Drones & Drone Components, Specialty Steel, Textile Products, and Automobiles & Auto Components, the minister emphasized.
Point of View
I firmly believe that the advancements made through the PLI schemes mark a significant step towards achieving self-reliance in critical sectors. The impressive investments and job creations reflect a positive trend in India's economic growth, showcasing the nation's commitment to bolstering domestic manufacturing and enhancing global competitiveness.
NationPress
22/07/2025
Frequently Asked Questions
What are PLI schemes?
Production-Linked Incentive (PLI) schemes are government initiatives designed to boost manufacturing by providing financial incentives to companies based on their production levels.
How much investment has been attracted through PLI schemes?
As of March 2025, the PLI schemes have attracted an actual investment of Rs. 1.76 lakh crore across various sectors.
How many jobs have been created by the PLI schemes?
The PLI schemes have generated over 12 lakh jobs both directly and indirectly.
What sectors are covered by the PLI schemes?
The PLI schemes encompass 14 sectors, including pharmaceuticals, electronics, medical devices, and more.
What is the impact of the PLI schemes on exports?
The PLI schemes have significantly boosted exports, particularly in sectors like pharmaceuticals and electronics.
