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Summary:

In the first half of FY25 (April-September 2024), the Indian government disbursed Rs. 1,596 crore (US$ 184.33 million) through Production-Linked Incentive (PLI) schemes across six industries, including electronics and pharmaceuticals. The PLI initiatives, which were introduced in 2021, cover 14 sectors and have a total budget of Rs. 1,97,000 crore (US$ 22.75 billion). The largest allocation, Rs. 964 crore (US$ 111.34 million), went to electronics manufacturing, followed by Rs. 604 crore (US$ 69.76 million) for pharmaceuticals.

 

By August 2024, the PLI programs had attracted investments of Rs. 1,46,000 crore (US$ 16.86 billion) across 14 sectors, generating Rs. 12,50,000 crore (US$ 144.38 billion) in output, creating over 9.5 lakh jobs, and boosting exports to Rs. 4,00,000 crore (US$ 46.20 billion). These programs have also supported MSME growth, with additional ancillary businesses strengthening the supply chain. They aim to enhance efficiency, promote innovation, and increase the global competitiveness of Indian industries.

 

Source: IBEF

 

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