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PLI schemes attract ₹2.4 lakh crore investments, generate 14 lakh jobs

PLI schemes attract ₹2.4 lakh crore investments, generate 14 lakh jobs
PLI schemes drive Rs15.2 lakh crore exports, attract Rs 2.4 lakh crore investment and create over 14.15 lakh jobs: Govt · firstpost.com

The Indian government's Production Linked Incentive (PLI) schemes have brought in a lot of money and created many jobs.

These schemes help different industries like solar panels, medicines, and cars.

They have made India produce more things locally and sell more to other countries.

The government checks how well these schemes are working and makes changes to help them do better.

For example, they have made it easier for companies to join and fixed problems that came up.

The schemes have been very successful, especially in making solar panels and medicines, and have created over 14 lakh jobs.

Key facts

Total Investments
₹2,40,138 crore
Total Jobs Generated
14.15 lakh
Cumulative Exports
₹15.2 lakh crore
Highest Investment Sector
High-efficiency solar PV modules (₹64,873 crore)
Highest Direct Employment Sector
Food processing (3.29 lakh jobs)
Mobile Phone Production Increase
2.4 times since the launch of the electronics PLI scheme
Mobile Phone Imports Decline
77% decline
Pharmaceuticals Sales
₹3.64 lakh crore

Quotes

Jitin Prasada

Minister of State for Commerce and Industry

“"The implementation of the PLI Schemes is reviewed periodically by the empowered group of secretaries (EGoS), chaired by the Cabinet Secretary, as well as by the respective administrative Ministries/Departments. Based on stakeholder feedback and implementation experience, modifications have been carried out in certain Schemes, wherever required, to address implementation challenges and facilitate effective implementation."”
thehindubusinessline.com

Sources

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