THE NEWS DOSE BUSINESS DESK

Delhi,June 29,UPDATED:4.50PM

In a significant boost to domestic manufacturing, the central government has disbursed ₹21,534 crore so far under the Production-Linked Incentive (PLI) schemes across 12 sectors, according to an official statement released on Wednesday.

The sectors that have received incentives include large-scale electronics manufacturing, pharmaceuticals, IT hardware, automobiles and auto components, bulk drugs, specialty steel, textiles, medical devices, telecom, drones, white goods, and food processing.

The PLI scheme, announced in 2021 with a total outlay of ₹1.97 lakh crore for 14 sectors, offers financial incentives to companies based on their incremental manufacturing output in India.

According to the Ministry of Commerce and Industry, the PLI initiative has attracted investments worth ₹1.76 lakh crore and led to production and sales exceeding ₹16.5 lakh crore. It has also generated employment for more than 12 lakh people, both directly and indirectly, as of March 2025.

Reviewing the scheme’s progress, Commerce and Industry Minister Piyush Goyal directed concerned ministries to prepare a comprehensive roadmap for the next five years focusing on both investment inflows and incentive disbursements.

In the pharmaceutical sector specifically, the scheme has yielded cumulative sales of ₹2.66 lakh crore, with exports accounting for ₹1.70 lakh crore in the first three years. The sector has achieved a domestic value addition of 83.70% as of March 2025, the ministry added.

The government views the PLI scheme as a critical pillar in strengthening India’s manufacturing base, boosting exports, and creating sustainable employment opportunities.