Top News

India’s production-based incentive (PLI) scheme has moved the country to become a global manufacturing superpower, attracting an investment of over Rs 1.76 lakh crore in 14 strategic areas by August 2025. With 806 approved applications, the scheme has generated more than Rs 16.5 lakh crore and created more than 12 lakh employment, making India transformed into a competitive country in electronics, pharmaceuticals, automotives and textile industries from an import-dependent economy.

Launched in 2020 with a outlay of Rs 1.97 lakh crore, the PLI plan encourages increment, significantly foreign direct investment (FDI) and promotes innovation. The electronics sector is remarkable, with the production of Rs 2.13 lakh crore from Rs 2.13 lakh crore in FY 2020-21 to Rs 5.25 lakh crore in FY 2024-25, which has established India as a major smartphone manufacturing center. The pharmaceutical sector has converted into an export surplus of Rs 2,280 crore with 83.7% domestic price addition in FY 2024-25 from import deficit of Rs 1,930 crore in FY 2021-22.

The automotive sector received a committed investment of Rs 67,690 crore, of which Rs 14,043 crore was received by March 2024, which created 28,884 jobs and promoted electric vehicle production. The food processing sector invested Rs 8,910 crore, which led to an increase in price -added exports, while the solar PV module scheme attracted Rs 48,120 crore, creating 38,500 jobs. Semiconductor manufacturing is also gaining momentum, six projects are going on in Odisha, Punjab and Andhra Pradesh and four new units have been approved.

Despite the challenges such as limited price addition and delay in distribution of incentives, the focus of the PLI scheme on high -tech industries and employment creation is in line with India’s target to increase the stake in the GDP (GDP) of manufacturing by 2030 to 25%, which further strengthens its role as a pioneer in the global manufacturing sector.