According to data compiled from several ministries, India’s production-linked incentive (PLI) scheme to stimulate local manufacturing has attracted investment commitments of Rs.2.34 lakh crore across 14 sectors.
The most interest has been shown in automobiles and auto components, advanced chemical cell batteries, specialty steel, and high-efficiency solar panels.
Over the following five years, the government expects the initiative to generate additional output of Rs 28.15 lakh crore and 6.45 million new employment. According to a senior government official, there has been a remarkable reaction across all areas where the scheme has been implemented. The scheme’s total outlay across the 14 sectors is Rs 1.97 lakh crore.