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Incentive worth Rs 9,721 crore claimed under PLI scheme for 9 sectors: Commerce Minister

31 Jul 2024 Evaluate

Highlighting impact of the Production Linked Incentive (PLI) scheme, Commerce and Industry Minister Piyush Goyal  has said that the incentive amount of Rs 9,721 crore have been claimed under PLI scheme for 9 sectors, namely large scale electronics manufacturing, IT hardware, bulk drugs, medical devices, pharmaceuticals, telecom and networking products, food processing, white goods and drones and drone components.

Commerce and Industry Minister further noted that an actual investment of Rs 1.23 lakh crore has been realized till March 2024 across 14 sectors, which has resulted in incremental production/ sales of over Rs 10.31 lakh crore and employment generation of around 8 lakh. He added that there is evidence of increasing foreign investment also in several PLI sectors. 

Goyal also said that most of the projects are at the implementation stage and will be filing incentive claims in due course. Besides, the minister said that settling PLI claims quarterly is anticipated to boost the performance and sentiment of applicants by improving cash flow, faster disbursement of incentives and enhancement in the efficiency of fund utilisation.


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