PLI powers `15.2 lakh cr exports,boosting domestic manufacturing

GROWTH ENGINE | `2.4 lakh crore invested, OVER 14.15 lakh employed

Agencies New Delhi

Production Linked Incentive (PLI) schemes have generated cumulative exports of over ₹15.2 lakh crore since their inception, reflecting India's growing integration with global value chains, while attracting investments of more than ₹2.40 lakh crore and creating over 14.15 lakh direct and indirect jobs, the Lok Sabha was told on Tuesday.

In a written reply in the Lower House of Parliament, Minister of State for Commerce and Industry Jitin Prasada said the PLI schemes, launched across 14 key sectors with an approved financial outlay of ₹1.91 lakh crore, are aimed at enhancing domestic manufacturing, attracting investments, boosting exports, generating employment and improving India's global competitiveness.

According to the ministry, cumulative exports under the PLI schemes increased from ₹4 lakh crore as of March 31, 2024, to ₹15.2 lakh crore as of March 31, 2026.

Among major sectoral outcomes, mobile phone production under the large-scale electronics manufacturing scheme has increased by around 2.4 times since its launch, while mobile phone imports have declined by about 77%. The government said around 99.2% of mobile phones used in India are now manufactured domestically.

In the pharmaceuticals sector, cumulative sales under the scheme have crossed ₹3.64 lakh crore, with 1,931 pharmaceutical products, including 191 bulk drugs manufactured in India for the first time.

The government also said the telecom and networking products scheme has supported indigenous 4G technology and domestic manufacturing capability for 5G telecom equipment, while the white goods scheme has expanded domestic manufacturing of key air-conditioner components and increased compressor manufacturing capacity from one million units in 2021 to 10 million units in 2025-26.

According to data provided by Minister of State for Commerce and Industry Jitin Prasada in his reply, the maximum investment under Production Linked Incentive schemes was received in the high efficiency solar PV modules sector at ₹64,873 crore.

It was followed by pharmaceuticals at ₹45,158 crore, auto at ₹44,326 crore, speciality steel at ₹23,896 crore, and the large-scale electronics manufacturing sector till March at ₹20,580 crore.

In a separate reply, the minister said as on June 30 this year, 219 operational incubators have been selected under the Startup India Seed Fund Scheme with a total approved funding of ₹945 crore, of which ₹650 crore has been disbursed to the incubators.