PLI Scheme Secures ₹1.46 Lakh Crore Investment, FDI Inflows Surge by 26%
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New Delhi, Dec 20 (NationPress) The product-linked incentive (PLI) scheme has successfully attracted ₹1.46 lakh crore in investments, while foreign direct investment (FDI) inflows have risen by 26 percent year-on-year during the first quarter of the current fiscal year (FY25), as reported by the Department for Promotion of Industry and Internal Trade (DPIIT). This initiative has been crucial in shaping a self-reliant and globally competitive India throughout 2024.
The PLI scheme facilitated ₹12.5 lakh crore in production, generated ₹4 lakh crore in exports, and created 9.5 lakh jobs. This year, over 1,300 manufacturing units were established across 14 sectors and 27 states/UTs.
The year also saw the initiation of 12 greenfield infrastructure projects valued at ₹28,602 crore, which unlocked an investment potential of ₹1.5 lakh crore and the possibility of 9.4 lakh jobs under the National Industrial Corridor Development Project, as stated by DPIIT.
The Network Planning Group undertook 81 meetings, assessing 213 projects with a total project cost of ₹15.48 lakh crore this year. More than 200 projects aimed at enhancing logistics infrastructure, worth ₹5,496 crore, have received recommendations from the states.
In addition, FDI equity inflow in the manufacturing sector surged by 69 percent, climbing from $98 billion between 2004-2014 to $165 billion from 2014-2024.
Approximately 1.49 lakh startups created 16 lakh direct jobs, with 48 percent of startups now having at least one woman director. Furthermore, 50 percent of these startups are now located in tier 2 and 3 cities, as noted by DPIIT.
“The PLI scheme is set to create a ripple effect throughout the MSME ecosystem. The anchor units established in each sector will necessitate a new supplier base across the entire value chain. Most of these ancillary units are expected to emerge within the MSME sector,” the government explained.
Since the launch of the ‘Make in India’ initiative in September 2014, the government has been diligently focusing on 24 sub-sectors selected based on the strengths of Indian industries, the need for import substitution, export potential, and the enhancement of employability.
The number of patents granted in 2023-24 saw a remarkable increase, rising to 1,03,057, which is a 17-fold increase compared to 2014-15. Trademark registrations soared seven times in 2023-24 relative to 2014-15, while the number of Geographical Indications (GI) registered increased to 635 in 2023-24. India's position in the Global Innovation Index (GII) improved, now ranking 39th this year.
