Government Boosts PLI Budget to Speed Up Manufacturing

04 Mar 2025 CW Team

The government has reinforced its commitment to domestic manufacturing by significantly increasing budget allocations for key sectors under the PLI Scheme for 2025-26. Several industries have seen substantial funding hikes, with allocations for Electronics and IT Hardware rising from Rs 57.77 billion in 2024-25 to Rs 90 billion, while Automobiles and Auto Components have received an increased allocation from Rs 3.46 billion to Rs 28.18 billion. The Textile sector has also benefited from a major boost, with funding rising from Rs 450 million to Rs 11.48 billion.

Introduced in 2020, the PLI Scheme is a performance-driven initiative designed to enhance self-reliance by offering financial incentives linked to production and incremental sales. By targeting critical industries such as electronics, textiles, pharmaceuticals, and automobiles, the scheme has successfully attracted both domestic and international investments, fostering the adoption of advanced technologies and achieving economies of scale.

With an overall budgetary outlay of Rs 1.97 trillion, the PLI Scheme encompasses 14 strategically chosen sectors to strengthen India’s manufacturing capabilities, advance technological development, and expand global market presence. The initiative aligns with the broader vision of Atmanirbhar Bharat by reinforcing domestic production and boosting exports.

As of August 2024, the PLI Schemes have facilitated actual investments of Rs 1.46 trillion, with projections indicating that this figure will exceed Rs 2 trillion within a year. These investments have already contributed to a substantial increase in production and sales, amounting to Rs 12.50 trillion, while generating approximately 9.5 lakh jobs. This employment figure is expected to rise to 12 lakh in the near future, further solidifying India’s position as a global manufacturing leader.

News source: PIB

India's manufacturing sector is experiencing a significant transformation, driven by strategic government initiatives aimed at enhancing global competitiveness. A key pillar of this shift is the Production Linked Incentive (PLI) Scheme, which seeks to position India as a leading manufacturing hub by fostering innovation, efficiency, and industrial growth. The government has reinforced its commitment to domestic manufacturing by significantly increasing budget allocations for key sectors under the PLI Scheme for 2025-26. Several industries have seen substantial funding hikes, with allocations for Electronics and IT Hardware rising from Rs 57.77 billion in 2024-25 to Rs 90 billion, while Automobiles and Auto Components have received an increased allocation from Rs 3.46 billion to Rs 28.18 billion. The Textile sector has also benefited from a major boost, with funding rising from Rs 450 million to Rs 11.48 billion. Introduced in 2020, the PLI Scheme is a performance-driven initiative designed to enhance self-reliance by offering financial incentives linked to production and incremental sales. By targeting critical industries such as electronics, textiles, pharmaceuticals, and automobiles, the scheme has successfully attracted both domestic and international investments, fostering the adoption of advanced technologies and achieving economies of scale. With an overall budgetary outlay of Rs 1.97 trillion, the PLI Scheme encompasses 14 strategically chosen sectors to strengthen India’s manufacturing capabilities, advance technological development, and expand global market presence. The initiative aligns with the broader vision of Atmanirbhar Bharat by reinforcing domestic production and boosting exports. As of August 2024, the PLI Schemes have facilitated actual investments of Rs 1.46 trillion, with projections indicating that this figure will exceed Rs 2 trillion within a year. These investments have already contributed to a substantial increase in production and sales, amounting to Rs 12.50 trillion, while generating approximately 9.5 lakh jobs. This employment figure is expected to rise to 12 lakh in the near future, further solidifying India’s position as a global manufacturing leader. News source: PIB

Infrastructure Urban

12 May 2026

Blue Dart posts revenue growth in FY26 on e-commerce and B2B demand

Blue Dart Express Limited, South Asia’s express air and integrated transportation and distribution company, has reported year-on-year growth in revenue for the financial year ended March 31, 2026, driven by strong momentum in e-commerce shipments and B2B surface express solutions.Announcing its financial results after the Board Meeting held in Mumbai, the company said revenue from operations rose to Rs 6,141 crore in FY2025–26, compared to Rs 5,720 crore in FY2024–25. Profit after tax for the year stood at Rs 240 crore.For the quarter ended March 31, 2026, Blue Dart reported revenue from..

Infrastructure Urban

12 May 2026

Terex launches TRAC vibration analysis system

Terex®, a global provider of specialised equipment solutions, has launched TRAC, a new vibration analysis system designed to deliver deeper insight into the performance, condition and long-term structural integrity of screening equipment.Announced in Hosur on May 11, 2026, the TRAC system is now available across screening equipment offered under Terex Materials Processing (MP) brands, including Powerscreen®, Finlay®, EvoQuip®, MDS®, Terex® Washing Systems, Terex® MPS (Cedarapids®, Simplicity®), MAGNA™ and Terex® Ecotec.Developed specifically for vibratory screening equipment by Ter..

Infrastructure Urban

12 May 2026

ADIO partners Motherson to set up large automotive components hub in KEZAD

The Abu Dhabi Investment Office (ADIO) has announced its support for Samvardhana Motherson International Limited’s (Motherson) new manufacturing hub in Abu Dhabi, marking a major step in strengthening the emirate’s position as a global centre for advanced manufacturing and automotive supply chains.ADIO said the partnership aligns with its strategy to accelerate high-value industrial investments and build resilient supply chains across priority sectors, further reinforcing Abu Dhabi’s competitiveness as a regional and global manufacturing and export hub.Under the partnership, a large-scal..