The government’s Production Linked Incentive (PLI) schemes have attracted investments exceeding Rs 2.40 lakh crore, creating over 14.15 lakh direct and indirect jobs, and facilitating exports totaling Rs 15.2 lakh crore across 14 key sectors by March 31, 2026. MoS for Commerce and Industry Jitin Prasada informed the Lok Sabha that these schemes were initiated with an approved financial outlay of Rs 1.91 lakh crore. The Department for Promotion of Industry and Internal Trade (DPIIT) oversees and monitors the schemes, while their execution is managed by the respective ministries.
Exports under the PLI program have shown significant growth in the past three years, surging from Rs 4 lakh crore in FY24 to Rs 6.5 lakh crore in FY25, and further escalating to Rs 15.2 lakh crore in FY26, indicating India’s deepening integration into global value chains. Notably, high-efficiency solar photovoltaic (PV) modules received the highest cumulative investment of Rs 64,873 crore among the 14 sectors covered, with pharmaceuticals following at Rs 45,158 crore and automobiles and auto components at Rs 44,326 crore.
Investments in speciality steel reached Rs 23,896 crore, while large-scale electronics manufacturing attracted Rs 20,580 crore. The government emphasized the impact of the scheme on electronics manufacturing, citing a 2.4-fold increase in mobile phone production since the PLI program’s inception. Domestic manufacturing now accounts for nearly 99.2% of mobile phones sold in India, with imports decreasing by approximately 77%. The implementation of PLI schemes undergoes periodic review by the Empowered Group of Secretaries (EGoS), led by the Cabinet Secretary and the concerned ministries.
