India’s Production Linked Incentive (PLI) schemes have drawn investments exceeding Rs. 2.16 lakh crore, leading to a significant boost in production and sales of over Rs. 20.41 lakh crore. These initiatives have also resulted in the creation of more than 14.39 lakh direct and indirect jobs across 14 sectors, as per government reports. The PLI framework has seen approval for 836 applications, strengthening domestic manufacturing capacity and reducing import reliance in critical sectors, stated MoS, Ministry of Commerce & Industry, Jitin Prasada in Rajya Sabha.
Investments in the PLI schemes have surged from Rs. 0.51 lakh crore till FY 2022‑23 to Rs. 2.16 lakh crore by FY26. Concurrently, production under these schemes has escalated from Rs. 4.50 lakh crore to Rs. 20.41 lakh crore during the same period. Employment generation has also witnessed a substantial rise from 3 lakh to 14.39 lakh jobs, according to the Ministry of Commerce & Industry.
The ‘Make in India’ initiative, launched in September 2014, aims to promote investment, innovation, infrastructure development, and position India as a manufacturing and design hub. Make in India 2.0 targets 27 sectors, including 15 manufacturing segments. The PLI schemes, a part of this initiative, have been rolled out in 14 key sectors such as electronics manufacturing, pharmaceuticals, automobiles, and textiles, among others.
Under the National Industrial Corridor Development Programme (NICDP), India is developing greenfield industrial zones to create globally competitive manufacturing hubs. Approximately 20 projects under NICDP have received approval to date, as per official statements. Additionally, the Employment Linked Incentive (ELI) Scheme has been sanctioned to boost job creation and enhance employability, with a focus on the manufacturing sector. This scheme aims to generate over 3.5 crore jobs in the country over a two-year period.
The Ministry has also introduced the PM Internship Scheme to enhance industry-relevant skills and job readiness through structured internships in top Indian companies and institutions. In the initial phase, more than 4.5 lakh candidates applied across two rounds, with partner companies extending over 1.60 lakh internship offers to around 1.3 lakh candidates.
