India’s Production Linked Incentive Scheme has crossed Rs 1.76 trillion in realised investments, marking a transformative shift in the country’s industrial landscape. With over Rs 16.5 trillion in sales generated by participating companies, the scheme has catalysed a manufacturing renaissance across sectors including electronics, pharmaceuticals, automotive, textiles, and food processing.
The initiative has created more than 12 million direct and indirect jobs, while anchoring global supply chains closer to India and attracting a fresh wave of foreign direct investment. With Rs 1.97 trillion earmarked in incentives and 806 applications approved across 14 strategic sectors, the scheme reflects robust industry confidence and widespread adoption.
Electronics has emerged as a flagship success, with production rising 146 percent from Rs 2.13 trillion in FY 2020–21 to Rs 5.25 trillion in FY 2024–25. Major smartphone manufacturers have shifted production to India, establishing the country as a leading mobile phone manufacturing hub.
In the automobile and auto components sector, Rs 67.69 billion in committed investments have yielded Rs 14.043 billion in actual inflows and over 28,884 jobs. The scheme complements the FAME initiative and aims to position India as a global centre for electric vehicles and clean-tech innovation.
Food processing has seen 171 approved applications and Rs 8.91 billion in investments, with Rs 1.084 billion disbursed in incentives. The scheme supports modernisation, branding, and value-added exports through alignment with PM-FME and PMKSY programmes.
India’s pharmaceutical sector, once reliant on imports, has reversed its trade deficit to become a net exporter of bulk drugs worth Rs 2.28 billion in FY 2024–25. Sales under the scheme have crossed Rs 2.66 trillion, with Rs 1.70 trillion in exports and 83.7 percent domestic value addition.
The solar PV module segment has attracted Rs 48.12 billion in investments and created nearly 38,500 direct jobs. In semiconductors, six projects are underway, with four additional units approved in Odisha, Punjab, and Andhra Pradesh under the India Semiconductor Mission. These are expected to generate 2,034 skilled jobs and stimulate broader ecosystem growth.
The textiles PLI scheme, with Rs 10.683 billion in outlay, has boosted man-made fibre and technical textile exports to Rs 525 million and Rs 294 million respectively in FY 2024–25. The white goods scheme, launched with Rs 6.238 billion, aims to raise domestic value addition from 20–25 percent to 75–80 percent by FY 2028–29.
The PLI framework stands as a cornerstone of India’s ambition to raise manufacturing’s share of GDP to 25 percent and establish itself among the world’s leading industrial economies.
