PLI Schemes witness over Rs 1.03 lakh crore of investment till November: Commerce Ministry
Ministry of Commerce & Industry has said that the Production Linked Incentive (PLI) Schemes witnessed over Rs 1.03 lakh crore of investment till November 2023, which has led to production/sales of Rs 8.61 lakh crore and employment generation (direct & indirect) of over 6.78 lakh.
Commerce Ministry further noted that the PLI Schemes have witnessed exports surpassing Rs 3.20 lakh crore, with significant contributions from sectors such as Large-Scale Electronics Manufacturing, Pharmaceuticals, Food Processing, and Telecom & Networking products.
Besides, it said incentive amount of around Rs 4,415 crore disbursed under PLI Schemes for 8 Sectors viz. Large-Scale Electronics Manufacturing (LSEM), IT Hardware, Bulk Drugs, Medical Devices, Pharmaceuticals, Telecom & Networking Products, Food Processing and Drones & Drone Components.
The Ministry also highlighted that the PLI Schemes have transformed India’s exports basket from traditional commodities to high value-added products such as electronics & telecommunication goods, processed food products etc.
