+
PLI scheme brought in Rs 450 billion and produced 3 lakh jobs
ECONOMY & POLICY

PLI scheme brought in Rs 450 billion and produced 3 lakh jobs

According to Parameswaran Iyer, CEO, NITI Aayog, India's production-linked incentive (PLI) programme has attracted investment totaling more than Rs 450 billion and produced three lakh employment.

Results from the PLI initiative are already becoming visible. Incentives of to Rs 800 core have already been given. Before March, we anticipate (incentives) to reach close to Rs 3,000 crore to Rs 40 billion "Iyer said to PTI. "The plan is successful. Three lakh jobs have been generated, investments of over Rs 45,000 crore have already been made, and output worth Rs 2 trillion has already begun.

The programme, which aims to make domestic manufacturing competitive on a global scale, was launched with an investment of about Rs 2 trillion for as many as 14 industries, including white goods, pharmaceuticals, textiles, food products, high efficiency solar PV modules, specialty steel, and the automotive and auto component industries.

The PLI programme was introduced by the Indian government in 2020. On the additional sale of items made in India over predetermined base-year sales, it provides a monetary incentive for three to five years. In addition, a minimum investment in India is expected of the chosen beneficiaries.

To unlock value in infrastructure assets across industries, Sitharaman announced the Rs 6 trillion NMP over four years in August 2021.

The report on the NMP was created by NITI Aayog in conjunction with infrastructure line ministries.

Also read:
K-Rail has been appointed as Smart City's new PMC
Revised Chilla elevated road budget sent to IIT-Roorkee for review


According to Parameswaran Iyer, CEO, NITI Aayog, India's production-linked incentive (PLI) programme has attracted investment totaling more than Rs 450 billion and produced three lakh employment. Results from the PLI initiative are already becoming visible. Incentives of to Rs 800 core have already been given. Before March, we anticipate (incentives) to reach close to Rs 3,000 crore to Rs 40 billion Iyer said to PTI. The plan is successful. Three lakh jobs have been generated, investments of over Rs 45,000 crore have already been made, and output worth Rs 2 trillion has already begun. The programme, which aims to make domestic manufacturing competitive on a global scale, was launched with an investment of about Rs 2 trillion for as many as 14 industries, including white goods, pharmaceuticals, textiles, food products, high efficiency solar PV modules, specialty steel, and the automotive and auto component industries. The PLI programme was introduced by the Indian government in 2020. On the additional sale of items made in India over predetermined base-year sales, it provides a monetary incentive for three to five years. In addition, a minimum investment in India is expected of the chosen beneficiaries. To unlock value in infrastructure assets across industries, Sitharaman announced the Rs 6 trillion NMP over four years in August 2021. The report on the NMP was created by NITI Aayog in conjunction with infrastructure line ministries. Also read: K-Rail has been appointed as Smart City's new PMC Revised Chilla elevated road budget sent to IIT-Roorkee for review

Next Story
Real Estate

Goa Nears Completion of 250 Affordable Houses Under PMAY Scheme

The Goa government has completed the construction of 250 houses out of a target of 254 for eligible beneficiaries under the Pradhan Mantri Awas Yojana (PMAY), an official announced on Thursday.The affordable housing project has been implemented at a total cost of Rs 340 million, said P K Shirodkar, nodal officer in charge of the scheme and director of the District Rural Development Agency. He noted that the remaining four houses are expected to be finished within the next two to three months.The scheme, a flagship initiative of the Central Government led by Prime Minister Narendra Modi, aims t..

Next Story
Infrastructure Urban

Godrej Industries Plans Rs 7.5 bn Expansion to Boost Chemical Capacity

In a strategic move to achieve its ambition of becoming a $1 billion global player by 2030, Godrej Industries’ chemical business has announced a major capacity expansion across its manufacturing portfolio. The company plans a total capital investment exceeding Rs 750 crore over the coming years to support these expansions, with several projects already underway.The expansion includes doubling capacities of key products such as Fatty Alcohol and Euric Acid, adding 35,000 and 20,000 tons per annum respectively. Specialities capacity is set to triple with an addition of 21,000 tons per annum, w..

Next Story
Infrastructure Urban

CAQM Holds High-Level Reviews With Haryana and Punjab on Air Quality

In a concerted effort to accelerate coordinated action against air pollution, the Commission for Air Quality Management in NCR and Adjoining Areas (CAQM), chaired by Shri Rajesh Verma, held two significant high-level review meetings on 3 July 2025 in Chandigarh with the State Governments of Haryana and Punjab. The meetings aimed to strengthen inter-departmental coordination and evaluate the implementation of key sectoral measures for abatement of air pollution in the region.During the meeting with Haryana, a detailed review was conducted on critical areas including preparedness for eliminating..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?