PLI Scheme is Driving India's Manufacturing Growth

24 Mar 2025 CW Team

The Production Linked Incentive (PLI) Scheme is a transformative initiative boosting India's manufacturing sector, generating jobs, and enhancing exports, aligning with the country’s ‘Atmanirbhar Bharat’ vision.

Key Achievements of the PLI Scheme 1.61 trillion in investments 4 trillion in production 5.31 trillion in exports 11.5 lakh jobs created

Widespread Industry Participation

764 approved applications across 14 key sectors 176 MSMEs among beneficiaries, spanning industries such as Pharmaceuticals, Telecom, White Goods, Textiles, Food Processing & Drones

Boosting Global Competitiveness India’s export basket now includes high-value electronics, telecom products, and processed foods

60% import substitution in telecom products; India now exports 4G & 5G telecom equipment

Medical Device Manufacturing Surge – 44 high-end devices, including MRI, CT-Scans, and Ultrasound machines, now produced domestically

Sectoral Growth & Innovation

Specialty Steel PLI: Rs 200 billion invested, with 9,000+ direct jobs created White Goods PLI: Rs 104 billion investment for local production of AC & LED components

Drones PLI: 7x growth in turnover, making India a global leader in drone technology

Pharmaceuticals PLI: 50% of production now exported, reducing reliance on imported bulk drugs

The PLI Scheme is not just an incentive program but a catalyst for India's transition into a global manufacturing powerhouse. It continues to attract cutting-edge investments, foster domestic innovation, and position India as a key player in global supply chains.

Resources

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