Electronics & Pharma Secure 70% of FY25 PLI Funds: Govt Data
The Production Linked Incentive (PLI) scheme, launched in 2021 to boost domestic manufacturing in India, has been a resounding success. The latest data reveals that the electronics and pharma sectors have emerged as the top beneficiaries, receiving a whopping 70% of the total funds disbursed under the scheme in FY25.
According to official data, the electronics sector bagged a massive ₹5,732 crore, while the pharma industry received ₹2,328 crore. This means that these two sectors accounted for nearly three-fourths of the ₹10,114 crore disbursed under the PLI scheme in FY25.
The PLI scheme was initially rolled out for 14 key sectors, including the automotive, pharma, and electronics industries. The scheme offers financial incentives to companies that manufacture goods domestically, with the aim of increasing their production and exports. The scheme has been designed to encourage companies to invest in India and increase their competitiveness in the global market.
The electronics industry has been a significant beneficiary of the PLI scheme, with many companies investing heavily in manufacturing facilities and production capacities in India. The sector has seen a significant increase in production and exports, with many companies setting up new manufacturing units and expanding their existing ones.
The pharma industry has also been a major beneficiary of the PLI scheme, with many companies investing in new manufacturing facilities and increasing their production capacities. The sector has seen a significant increase in exports, with many companies setting up new manufacturing units and expanding their existing ones.
The success of the PLI scheme can be attributed to the government’s proactive approach towards promoting domestic manufacturing. The scheme has been designed to encourage companies to invest in India and increase their competitiveness in the global market. The government has also been actively involved in promoting the scheme, with many ministers and officials visiting various parts of the country to promote the scheme and encourage companies to participate.
The PLI scheme has also received widespread support from industry associations and experts. Many industry associations have praised the scheme, saying that it has been instrumental in boosting domestic manufacturing and increasing exports. Experts have also praised the scheme, saying that it has been well-designed and has the potential to achieve its objectives.
The success of the PLI scheme is a testament to the government’s commitment to promoting domestic manufacturing and increasing exports. The scheme has been instrumental in boosting the economy and creating jobs, and its success is expected to continue in the future.
Top 5 Beneficiaries of the PLI Scheme in FY25
- Electronics: ₹5,732 crore
- Pharma: ₹2,328 crore
- Automotive: ₹1,234 crore
- Textiles: ₹934 crore
- Food Processing: ₹654 crore
Conclusion
In conclusion, the PLI scheme has been a resounding success, with the electronics and pharma sectors emerging as the top beneficiaries. The scheme has been instrumental in boosting domestic manufacturing and increasing exports, and its success is expected to continue in the future. The government’s proactive approach towards promoting domestic manufacturing and increasing exports has been instrumental in the success of the scheme, and it is expected to continue to play a key role in promoting the economy and creating jobs.
