PLI Schemes Drive Rs 1.46 Lakh Crore Investments Across 14 Sectors

The Production Linked Incentive (PLI) schemes covering 14 sectors have attracted investments of Rs 1.46 lakh crore until August, with projections to rise to Rs 2 lakh crore. Minister Piyush Goyal engaged with stakeholders to review and enhance effectiveness, while calling for high-quality, domestically valued goods that promote Brand India.

The Production Linked Incentive (PLI) schemes, spanning 14 sectors, have garnered investments amounting to Rs 1.46 lakh crore as of August. The capital inflow is anticipated to burgeon to Rs 2 lakh crore in the upcoming years, the commerce and industry ministry announced on Sunday.

Commerce and Industry Minister Piyush Goyal conducted detailed discussions with companies benefiting from the fiscal incentives, seeking their input and feedback. In a statement, the ministry revealed, "Actual investment of Rs 1.46 lakh crore has been realized (till August 2024) and is likely to reach Rs 2 lakh crore in the next year or so."

This surge in investment has culminated in production and sales worth Rs 12.50 lakh crore and the generation of approximately 9.5 lakh direct and indirect jobs, projected to rise to 12 lakh. Notably, exports have surpassed Rs 4 lakh crore, with significant contributions from sectors like electronics, pharmaceuticals, and food processing.

(With inputs from agencies.)