The PLI scheme was announced for 14 sectors in 2020 with an outlay of Rs 1.97 lakh crore to enhance domestic manufacturing capabilities and promote exports. (Representational image)
The electronics sector saw the maximum disbursement of Rs 1,649 crore, followed by pharma (Rs 652 crore), food products (Rs 486 crore), telecom (Rs 35 crore), drones (Rs 30 crore) and medical devices (Rs 12.8 crore). number comes. , among others
A senior official said on Wednesday that the government has released Rs 2,874.71 crore to beneficiaries of the production-linked incentive scheme till March, which includes most of the companies in eight sectors such as electronics, telecom, pharma and food processing. Rajeev Singh Thakur, additional secretary in the Department for Promotion of Industry and Internal Trade (DPIIT), said these eight sectors are doing well, while some need to pick up the pace.
The scheme was announced in 2020 for 14 sectors with an outlay of Rs 1.97 lakh crore to enhance domestic manufacturing capabilities and promote exports.
He said that eight sectors under the scheme – large scale electronics manufacturing; electronics and technology products; bulk drugs; medical devices; pharmaceuticals; Telecom and Networking Products; food items; and drones, of which “over Rs 2,800 crore have already been delivered”.
“The next two-three years will be crucial and we are hopeful that things will move at a faster pace,” Singh told reporters here.
Till December 2022, 717 applications have been approved in 14 sectors with an estimated investment of Rs 2.74 lakh crore. He said that a physical investment of Rs 53,500 crore has been received, resulting in production/sales of over Rs 5 lakh crore and employment generation of over 3 lakh.
The maximum amount of Rs 1,649 was distributed in the electronics sector. It is followed by pharma (Rs 652 cr), food products (Rs 486 cr), telecom (Rs 35 cr), drones (Rs 30 cr), medical devices (Rs 12.8 cr), and electronics (Rs 5.3 cr) and bulk drugs . (Rs 4.34 crore).
Other sectors where the Production Linked Incentive (PLI) scheme has been extended include white goods, specialty steel, advanced chemical cells, auto components and textiles. When asked about plans to include more sectors under the scheme, he said that demands are coming from various industries but no decision has been taken so far.
“We expect things to move at a healthy pace in the next 2-3 years,” he said.
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