Underneath the Production Linked Incentive (PLI) scheme launched to extend manufacturing within the nation, a complete investment of Rs 1.61 lakh crore has been attracted as of November 2024. Moreover, greater than 11.5 lakh individuals have been offered employment (direct and oblique).
The Ministry of Commerce and Business stated in a press release that with an investment of Rs 1.61 lakh crore, production of roughly Rs 14 lakh crore and exports of Rs 5.31 lakh crore have been achieved. The federal government has set a goal of production of Rs 15.52 lakh crore for the present monetary 12 months 2024-25 below the scheme.
The ministry stated the central authorities has authorized a complete of 764 functions below the PLI scheme for 14 main sectors. This additionally consists of 176 micro, small, and medium enterprises (MSMEs) among the many PLI beneficiaries from sectors like bulk medicine, medical gadgets, pharma, telecom, white items, meals processing, textiles, and drones.
The federal government has obtained curiosity from 35 firms with an investment dedication of Rs 25,000 crore within the second spherical of the PLI scheme for particular metal. Based on the Commerce Ministry, the Metal Ministry is within the course of of deciding on these firms and signing MoUs with them. These initiatives are estimated to be given incentives of Rs 3,600 crore. An incentive of Rs 2,000 crore shall be distributed by the tip of the scheme interval.
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