New Delhi, Jun 25 (PTI) The government has disbursed Rs 21,534 crore under Production-Linked Incentive schemes for 12 sectors, including electronics and pharma, since the launch of the support measure to boost domestic manufacturing, an official statement said on Wednesday.
In 2021, the government announced Production-Linked Incentive (PLI) schemes for 14 sectors with an outlay of Rs 1.97 lakh crore.
“Cumulative incentive amount of Rs 21,534 crore has been disbursed under PLI schemes for 12 sectors,” the commerce and industry ministry said.
These sectors include Large-Scale Electronics Manufacturing, IT Hardware, Bulk Drugs, Medical Devices, Pharma, Telecom, Food Processing, White Goods, Automobiles, Specialty Steel, Textiles and Drones.
Reviewing the progress of the schemes, Commerce and Industry Minister Piyush Goyal asked the concerned ministries to prepare a roadmap for the next five years both on investment and disbursement.
The ministry also said the scheme has witnessed investments worth Rs 1.76 lakh crore, which has generated production/ sales of over Rs 16.5 lakh crore and employment of over 12 lakhs (direct and Indirect) till March 2025.
About the progress of the scheme for the pharma sector, it said the sector has witnessed cumulative sales of Rs 2.66 lakh crore which includes exports of Rs 1.70 lakh crore achieved in the first three years of the scheme.
The overall domestic value addition in the sector has been 83.70 per cent as on March 2025.
In the bulk drugs segment, the scheme has contributed India becoming a net exporter of bulk drugs (Rs 2,280 crore) from net importer (Rs 1,930 crore) as was the case in 2021-22.
Further, it added that exports of Indian Man-made Fibre (MMF) Textiles have reached USD 6 billion during 2024-25 as against USD 5.7 billion during 2023-24. PTI RR DR
Related News
15 Jun, 2025
Mexico's National Anthem ahead of CONCAC . . .
28 Mar, 2025
Power four shots off the lead in Houston . . .
07 Apr, 2025
Pep Guardiola: Man Utd supporters should . . .
02 Apr, 2025
Elanga scores decisive wonder-goal again . . .
11 Mar, 2025
25-1 shot lands Champion Hurdle as Const . . .
30 Jun, 2025
Arsenal flop returns after loan club hav . . .
25 Jun, 2025
The unsung architect behind Wales' golde . . .
11 Apr, 2025
'It just hurts' - Joshua Zirkzee reacts . . .