PLI schemes have realised investment worth ₹1.07 lakh cr so far: Govt
These PLI schemes in 14 sectors have resulted in production or sales worth ₹8.70 lakh crore, says MoS commerce ministry
These PLI schemes in 14 sectors have resulted in production or sales worth ₹8.70 lakh crore, says MoS commerce ministry
PLI schemes have led to production of goods worth ₹8.61 lakh crore (including ₹3.2 lakh crore worth of exports) and direct and indirect jobs of over 6.78 lakh
If an approved company fails to meet the threshold for an increase in determined sales value over the first year's threshold, it will not receive any incentive for that year.
The PLI Scheme for white goods is designed to create a component ecosystem for the air conditioners and LED lights industry in India.
Since PLIs and DLIs were introduced, there has been no post facto study on their efficacy on the ground.
733 applications for PLI have been approved in 14 sectors, with an expected investment of ₹3.65 lakh crore
The Centre’s projections say the minimum production in India as a result of PLI schemes is expected to be over US$ 500 billion in 5 years.
The government’s ambitious manufacturing scheme has set the private capex in motion but economic outcomes will take their time coming.
It may be early to judge, but long years of past subsidies have made little difference; manufacturing's GDP share is stuck at 17-18% for 16 years while employment share has fallen to 10.9% in FY21.
CRISIL Research says this resulted in reduced dependency on China, which reduced to 60% from 64% in fiscal 2021 and is expected to fall further in the medium term