PLI Schemes Have Led To Investments of Over Rs 1.25 Trillion
ECONOMY & POLICY

PLI Schemes Have Led To Investments of Over Rs 1.25 Trillion

Prime Minister Narendra Modi stated on Monday that India's Production Linked Incentive (PLI) schemes have attracted investments of over Rs 1.25 trillion. While speaking at the Rising Rajasthan Global Investment Summit 2024, he highlighted that the role of the PLI scheme in boosting manufacturing in India is growing.

PM Modi mentioned that there is considerable enthusiasm in sectors such as electronics, specialty steel, automobiles and auto components, solar, and pharmaceuticals. He further noted that investments of approximately Rs 1.25 trillion have been made due to the PLI scheme, with products worth around Rs 11 lakh crore being manufactured and exports increasing by Rs 4 trillion.

He also pointed out that Rajasthan has a strong foundation in the automotive and auto components industry and significant potential for electric vehicle manufacturing. He added that the state also possesses the necessary infrastructure for electronics manufacturing.

Rajasthan Chief Minister Bhajan Lal Sharma, who spoke before PM Modi, mentioned that agreements for investments worth Rs 35 trillion had been signed during the summit.

Regarding the ongoing reform initiatives in India, PM Modi emphasised that the country is following the mantra of "Reform-Perform-Transform." He stated that in the past 10 years, India has nearly doubled the size of its economy. He also mentioned that India's exports and Foreign Direct Investment (FDI) have more than doubled compared to the decade before 2014. Additionally, he noted that India's infrastructure expenditure has increased from about Rs 2 trillion to Rs 11 trillion during this period.

Prime Minister Narendra Modi stated on Monday that India's Production Linked Incentive (PLI) schemes have attracted investments of over Rs 1.25 trillion. While speaking at the Rising Rajasthan Global Investment Summit 2024, he highlighted that the role of the PLI scheme in boosting manufacturing in India is growing. PM Modi mentioned that there is considerable enthusiasm in sectors such as electronics, specialty steel, automobiles and auto components, solar, and pharmaceuticals. He further noted that investments of approximately Rs 1.25 trillion have been made due to the PLI scheme, with products worth around Rs 11 lakh crore being manufactured and exports increasing by Rs 4 trillion. He also pointed out that Rajasthan has a strong foundation in the automotive and auto components industry and significant potential for electric vehicle manufacturing. He added that the state also possesses the necessary infrastructure for electronics manufacturing. Rajasthan Chief Minister Bhajan Lal Sharma, who spoke before PM Modi, mentioned that agreements for investments worth Rs 35 trillion had been signed during the summit. Regarding the ongoing reform initiatives in India, PM Modi emphasised that the country is following the mantra of Reform-Perform-Transform. He stated that in the past 10 years, India has nearly doubled the size of its economy. He also mentioned that India's exports and Foreign Direct Investment (FDI) have more than doubled compared to the decade before 2014. Additionally, he noted that India's infrastructure expenditure has increased from about Rs 2 trillion to Rs 11 trillion during this period.

Next Story
Infrastructure Transport

India’s Maha Kumbh of Road Construction

The RAHSTA Forum 2025, held on June 25 at Courtyard by Marriott, Mumbai, delivered powerful insights and dialogue on the future of India’s roads and highways sector. Organised by the FIRST Construction Council, the Forum served as the curtain-raiser to the much-anticipated RAHSTA Expo 2025, set to take place on 3rd and 4th September at the Jio Convention Centre, Mumbai.Union Minister of Roads Transport & Highways Shri Nitin Gadkari, while appreciating the efforts of FIRST Construction Council and ASAPP Info Global Group, commended the awards which recognise excellence across various..

Next Story
Real Estate

Built to Last, Designed to Impress

The construction and interior design industries stand at the confluence of functionality and aesthetics, where innovation powers the creation of enduring structures and inspiring spaces. At the heart of this process are materials and solutions that enable architects, designers, and builders to realise their visions with precision and reliability.Featuring iconic brands such as Fevicol—synonymous with adhesive solutions—Dr. Fixit, a complete waterproofing system renowned for addressing every critical area of construction, and Roff, a specialist in tile-fixing solutions, Pidilite has earned ..

Next Story
Infrastructure Energy

New Push to Cut India’s Air Pollution through Power Sector Reforms

In a significant stride toward environmental sustainability, Cummins India introduced CPCB IV+ compliant gensets to India on July 5, 2023, marking a paradigm shift in the power generation industry. These generators are engineered to adhere to the progressive emission norms set by the Ministry of Environment, Forest, and Climate Change. Being the first sets in the field, they have garnered praise for their remarkable achievements in emissions reduction and cutting-edge technology. Powerica, with its four-decade-long partnership with Cummins India Limited, is dedicated to consistently deliver th..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?