India’s PLI Push Attracts Rs 2.4 Lakh Crore Investment

India’s Production Linked Incentive (PLI) Schemes have attracted more than ₹2.40 lakh crore in actual investment and generated over 14.15 lakh direct and indirect jobs as of March 31, 2026, according to the Ministry of Commerce and Industry. The schemes, launched across 14 key sectors with an approved outlay of ₹1.91 lakh crore, have also driven cumulative exports of more than ₹15.2 lakh crore since their inception.

The government said the PLI Schemes are aimed at strengthening India’s manufacturing capabilities, boosting exports, attracting investments and improving global competitiveness. The Department for Promotion of Industry and Internal Trade (DPIIT) coordinates the overall implementation, while the respective ministries oversee their individual sectoral schemes.

In the large-scale electronics manufacturing sector, mobile phone production has increased around 2.4 times since the scheme was launched. Mobile phone imports have declined by about 77%, while around 99.2% of mobile phones used in India are now manufactured domestically.

The pharmaceuticals sector has recorded cumulative sales of more than ₹3.64 lakh crore under the scheme. It has enabled the domestic production of 1,931 pharmaceutical products, including 191 bulk drugs manufactured in India for the first time. In the bulk drugs segment, manufacturing capacity of about 55,000 metric tonnes has been established across 26 critical Active Pharmaceutical Ingredients (APIs), reducing import dependence for products such as Paracetamol, Levofloxacin and Norfloxacin.

The PLI Scheme for medical devices has supported domestic manufacturing of advanced equipment including CT scanners, MRI systems, Cath Labs and ultrasonography equipment. So far, 22 applicants have started operations and 55 unique medical devices have been commissioned. In telecom and networking products, the scheme has supported indigenous 4G technology and domestic manufacturing capability for 5G telecom equipment. The white goods scheme has also expanded domestic manufacturing, with compressor capacity rising from 1 million units in 2021 to 10 million units in 2025-26, alongside higher localisation of key air-conditioner components.

The government said cumulative exports under the PLI Schemes increased from ₹4 lakh crore as of March 31, 2024, to ₹15.2 lakh crore by March 31, 2026. It added that the schemes are regularly reviewed by the Empowered Group of Secretaries (EGoS) chaired by the Cabinet Secretary and the respective ministries. Minister of State for Commerce and Industry Jitin Prasada shared the details in a written reply in the Lok Sabha on July 21, 2026.

More From Author

CENTCOM Hits Iran Again, Trump Eyes Broader Military Action

India’s Renewable Energy Capacity Hits 288.58 GW in 2026

Leave a Reply

Your email address will not be published. Required fields are marked *

Download the App Now! BigBreakingWire
Download the App Now! BigBreakingWire