Government disburses ₹36,754 crore under PLI schemes as on June 30

As of June 30, the Indian government has disbursed ₹36,754 crore under the Production Linked Incentive (PLI) schemes, according to the Commerce and Industry Ministry. Launched in 2020, the PLI schemes, with an approved outlay of ₹1.91 lakh crore, aim to bolster India's manufacturing prowess, attract investments, promote exports, generate employment, and reduce import reliance.

The schemes have already spurred an actual investment of ₹2.58 lakh crore, leading to production/sales worth ₹23.79 lakh crore and exports of ₹15.53 lakh crore. More than 14.57 lakh direct and indirect jobs have been created, and the schemes have dispersed a cumulative incentive of ₹36,754 crore so far. The pharmaceutical sector has recorded sales exceeding ₹3.64 lakh crore, while over 1,931 pharmaceutical products, including 191 bulk drugs, have been manufactured domestically for the first time.

Major global players such as Siemens, Wipro GE, and Philips have contributed to technology-transfer projects, enabling the domestic manufacture of CT/MRI systems, cath labs, and ultrasonography equipment. PLI beneficiaries have achieved ₹6,475 crore in domestic sales, ₹560 crore in exports, and ₹1,400 crore in revenue from implants.

In the specialty steel sector, leading companies like JSW, Jindal Odisha, Tata Steel, and AMNS have invested over ₹19,000 crore, bolstering domestic production of value-added steel for various industries and reducing import dependence. The Department for Promotion of Industry and Internal Trade (DPIIT) has also launched an online platform for Indian companies to obtain sponsorship letters for foreign professionals under the e-Production Investment Business Visa (e-B-4 Visa), aimed at streamlining the business visa process and enhancing ease of doing business in India.