+
PLI Scheme to Drive Manufacturing Growth
ECONOMY & POLICY

PLI Scheme to Drive Manufacturing Growth

The Indian government has launched a ?1 lakh crore Innovation Fund under its Production-Linked Incentive (PLI) scheme to stimulate domestic manufacturing and accelerate growth in sectors such as electric vehicles (EVs), electronics, and green technologies. This initiative aligns with India's commitment to self-reliance (Aatmanirbhar Bharat) and sustainability. Key Highlights: Fund Overview:

Aimed at incentivizing industries to scale up domestic manufacturing capabilities. Focuses on promoting technological innovation, particularly in EV batteries, semiconductors, and solar modules. Target Sectors:

Electric vehicles: To enhance domestic EV production and reduce dependency on imports. Electronics and semiconductors: Focused on chips, essential for modern tech industries. Renewable energy components: Includes solar photovoltaic (PV) modules and wind turbines to boost clean energy adoption. PLI Benefits:

Offers financial incentives based on incremental production and exports. Encourages startups and MSMEs to innovate and integrate into global supply chains. Implementation Strategy:

Administered over the next 5–7 years with a focus on high-priority sectors. State collaboration to identify and address regional manufacturing needs. Potential Impact: Economic Growth:

Estimated to create 60 lakh new jobs and significantly boost GDP. Attracts foreign investments into manufacturing hubs. Global Competitiveness:

Positions India as a global manufacturing leader, reducing import dependency. Strengthens export potential, particularly in EVs and electronics. Sustainability Goals:

Supports green energy initiatives through incentivizing clean tech solutions. Promotes a transition to low-carbon industries. Technological Innovation:

Encourages research and development (R&D) in emerging technologies like AI, IoT, and renewable energy storage. Strengthens India's tech ecosystem to compete globally. Conclusion: The ?1 lakh crore PLI Innovation Fund reflects India’s ambitious plans to strengthen its manufacturing base while fostering sustainable growth. This bold step could redefine the country’s industrial landscape, enabling self-reliance and global competitiveness in critical sectors like EVs and electronics.

The Indian government has launched a ?1 lakh crore Innovation Fund under its Production-Linked Incentive (PLI) scheme to stimulate domestic manufacturing and accelerate growth in sectors such as electric vehicles (EVs), electronics, and green technologies. This initiative aligns with India's commitment to self-reliance (Aatmanirbhar Bharat) and sustainability. Key Highlights: Fund Overview: Aimed at incentivizing industries to scale up domestic manufacturing capabilities. Focuses on promoting technological innovation, particularly in EV batteries, semiconductors, and solar modules. Target Sectors: Electric vehicles: To enhance domestic EV production and reduce dependency on imports. Electronics and semiconductors: Focused on chips, essential for modern tech industries. Renewable energy components: Includes solar photovoltaic (PV) modules and wind turbines to boost clean energy adoption. PLI Benefits: Offers financial incentives based on incremental production and exports. Encourages startups and MSMEs to innovate and integrate into global supply chains. Implementation Strategy: Administered over the next 5–7 years with a focus on high-priority sectors. State collaboration to identify and address regional manufacturing needs. Potential Impact: Economic Growth: Estimated to create 60 lakh new jobs and significantly boost GDP. Attracts foreign investments into manufacturing hubs. Global Competitiveness: Positions India as a global manufacturing leader, reducing import dependency. Strengthens export potential, particularly in EVs and electronics. Sustainability Goals: Supports green energy initiatives through incentivizing clean tech solutions. Promotes a transition to low-carbon industries. Technological Innovation: Encourages research and development (R&D) in emerging technologies like AI, IoT, and renewable energy storage. Strengthens India's tech ecosystem to compete globally. Conclusion: The ?1 lakh crore PLI Innovation Fund reflects India’s ambitious plans to strengthen its manufacturing base while fostering sustainable growth. This bold step could redefine the country’s industrial landscape, enabling self-reliance and global competitiveness in critical sectors like EVs and electronics.

Next Story
Infrastructure Energy

Private Sector Builds India’s First Heavy Water Test Facility

In a major stride towards nuclear self-reliance, India’s first privately built test facility for upgrading depleted heavy water has been commissioned by TEMA India Ltd. The facility was inaugurated by Shri Rajesh V, Director – Technical, Nuclear Power Corporation of India Ltd (NPCIL), and Shri K. T. Shenoy, Director, Chemical Engineering Group, BARC. Developed under a technology transfer from BARC and a purchase order from NPCIL, the unit represents a landmark in public-private collaboration and supports the government’s Atma-Nirbhar Bharat initiative.Previously, critical testing for hea..

Next Story
Infrastructure Energy

Coal Ministry Pushes Digital Drive With SWCS Training Session

In a bid to accelerate digital transformation in the coal sector, the Ministry of Coal conducted a hands-on training workshop and interactive session on the Exploration Module of the Single Window Clearance System (SWCS) on 25 July 2025. Held at Tagore Chamber, SCOPE Complex, New Delhi, the session aimed to deepen stakeholders’ understanding of the module’s functionalities and encourage its use for efficient exploration-related submissions and approvals.Ms Rupinder Brar, Additional Secretary and Nominated Authority (AS & NA), chaired the session and stressed the vital role digital plat..

Next Story
Infrastructure Urban

India Enhances Cyber Defences for Critical Infrastructure

The Government of India remains acutely aware of the cyber threats facing the country’s digital and physical infrastructure. Its policies are focused on fostering a safe, trusted, and accountable cyberspace for all users. Several initiatives are being implemented to strengthen cyber security across critical sectors such as power, transport, and banking, ensuring their continuous and secure operation.The Indian Computer Emergency Response Team (CERT-In) and the National Critical Information Infrastructure Protection Centre (NCIIPC) undertake cyber security audits under the Information Technol..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?