Electronics & Pharma Secure 70% of FY25 PLI Funds: Govt Data
The Production Linked Incentive (PLI) scheme, launched by the government in 2021, has proven to be a game-changer for the Indian economy. The scheme aimed to boost domestic manufacturing by providing incentives to companies that invest in new production capacities and increase their exports. The latest data released by the government reveals that the electronics and pharma sectors have emerged as the top beneficiaries of the PLI scheme in FY25, receiving a substantial 70% of the total funds disbursed.
According to the official data, the electronics sector received a whopping ₹5,732 crore, while the pharma industry received ₹2,328 crore, making them the top two beneficiaries of the scheme. This is a significant share, considering the total amount disbursed under the PLI scheme in FY25 was ₹10,114 crore.
The PLI scheme was initially rolled out for 14 key sectors, including automobiles, pharmaceuticals, textiles, and electronics. The scheme was designed to promote domestic manufacturing, increase exports, and reduce dependence on imports. The government’s aim was to make India a significant player in the global supply chain.
The electronics sector, in particular, has been a major beneficiary of the PLI scheme. The industry has been growing rapidly in recent years, driven by increasing demand for electronic goods, including smartphones, laptops, and televisions. The PLI scheme has provided a boost to the sector, enabling companies to upgrade their manufacturing capabilities and increase their exports.
The pharma sector, on the other hand, has been a key player in India’s healthcare ecosystem. The PLI scheme has helped the sector to increase its production capacity, improve its competitiveness, and expand its exports. The sector has been growing rapidly, driven by increasing demand for generic drugs and medical devices.
The PLI scheme has been a major success story for the Indian government. The scheme has attracted significant investments from global companies, created new job opportunities, and increased exports. The government has been able to achieve its goal of making India a significant player in the global supply chain.
The PLI scheme has also helped to boost the country’s GDP growth. The scheme has created a virtuous cycle of investment, production, and exports, which has had a positive impact on the overall economy.
The success of the PLI scheme can be attributed to its well-designed framework, which provides incentives to companies that invest in new production capacities and increase their exports. The scheme has been able to attract significant investments from global companies, which has helped to boost domestic manufacturing and increase exports.
The PLI scheme has also received praise from industry experts and stakeholders. They have hailed the scheme as a game-changer for the Indian economy, which has helped to boost domestic manufacturing and increase exports.
In conclusion, the PLI scheme has been a major success story for the Indian government. The scheme has helped to boost domestic manufacturing, increase exports, and reduce dependence on imports. The electronics and pharma sectors have emerged as the top beneficiaries of the scheme, receiving a substantial 70% of the total funds disbursed. The scheme has been able to attract significant investments from global companies, created new job opportunities, and increased exports. The government’s aim of making India a significant player in the global supply chain has been achieved.
