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
Infrastructure Urban

India To Invest $37 Billion To Boost Petrochemical Capacity

India is set to become a major global player in the petrochemicals industry, driven by a planned capital expenditure of $37 billion (Rs 3.1 trillion) aimed at reducing import dependency and enhancing self-sufficiency, according to S&P Global Ratings.In its latest report titled “First China, Now India: Self-Sufficiency Goals Will Add To Petrochemicals Supply”, S&P said India’s large-scale capacity expansion—mirroring China’s earlier push—will likely intensify oversupply pressures in Asia’s petrochemical markets.Currently the world’s third-largest petrochemical consumer a..

Next Story
Infrastructure Transport

Indian Railways Expands Global Exports Of Rail Equipment

Indian Railways has announced that it is rapidly emerging as a global exporter of railway equipment, including bogies, coaches, locomotives, and propulsion systems, under the government’s ‘Make in India, Make for the World’ initiative.According to an official statement, India’s railway products are now reaching over 16 international markets, reflecting the country’s growing capacity to design, develop, and deliver world-class rail solutions.Metro coaches have been exported to Australia and Canada; bogies to the United Kingdom, Saudi Arabia, France, and Australia; propulsion systems t..

Next Story
Infrastructure Transport

RailTel Awards Rs 163 Million Contract To RTNS Technology

RailTel Corporation of India Limited (RailTel), a Mini Ratna Public Sector Undertaking, has awarded a domestic work order worth Rs 163 million to RTNS Technology Private Limited.The contract, issued on 30 September 2025, involves the supply and installation of equipment and related services for one of RailTel’s key customers. The project underscores RailTel’s commitment to advancing technology and communication infrastructure through collaboration with domestic system integrators.RTNS Technology Private Limited, an ISO-certified system integrator, provides comprehensive solutions for perim..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?