NewKerala.com

Key Points

Commerce Minister Piyush Goyal reviewed the PLI scheme's progress, emphasizing self-reliance and export competitiveness. The scheme has attracted Rs 1.76 lakh crore in investments and boosted pharma exports to Rs 1.7 lakh crore. Food processing under PLI has significantly benefited rural economies and MSMEs. The government aims to further strengthen domestic manufacturing and reduce import dependency.

Key Points: Piyush Goyal Reviews PLI Scheme Progress for Export Growth

  • Piyush Goyal urges focus on quality skilled manpower
  • PLI scheme drives Rs 1.76L cr investments
  • Pharma exports hit Rs 1.7L cr under PLI
  • Food processing sector benefits rural economy
4 min read

Piyush Goyal reviews PLI scheme, emphasises need for self-reliance and export competitiveness

Commerce Minister Piyush Goyal highlights PLI scheme achievements, stressing self-reliance and export competitiveness in key sectors.

"The impact of PLI Schemes has been significant across various sectors in India. – Commerce Ministry"

New Delhi, June 25

India must focus on the sectors in which it has a competitive edge over other countries and address the problems faced by the various stakeholders so that the country's exports can grow, Union Minister of Commerce and Industry Piyush Goyal said at the review meeting on the Production Linked Incentive Scheme.

Goyal urged the need to become self-reliant in the key sectors covered under the PLI Scheme.

Emphasising that the Ministries should focus on creating quality skilled manpower instead of focusing on quantity and resolving infrastructure bottlenecks in collaboration with the National Industrial Corridor Development Corporation (NICDC), Goyal stressed the need to prepare a roadmap for the next five years, both for investment and disbursement.

All the concerned ministries attended the meeting.

The PLI Scheme is under various stages of implementation in 14 key sectors.

The scheme has witnessed investments worth Rs 1.76 lakh crores, which has generated production/ sales of over Rs 16.5 lakh crores and employment of over 12 lakhs (Direct and Indirect) till March 2025.

A cumulative incentive amount of Rs 21,534 crore has been disbursed under PLI Schemes for 12 Sectors: Large-Scale Electronics Manufacturing (LSEM), IT Hardware, Bulk Drugs, Medical Devices, Pharmaceuticals, Telecom and Networking Products, Food Processing, White Goods, Automobiles and Auto components, Specialty Steel, Textiles, drones, and Drone Components.

"The impact of PLI Schemes has been significant across various sectors in India. These schemes have incentivised domestic manufacturing, leading to increased production, job creation and a boost in exports," the commerce ministry said.

Pharmaceutical Drugs: The sector has witnessed cumulative sales of Rs 2.66 lakh crore, which includes exports of Rs 1.70 lakh crore, in the first three years of the scheme.

Export sales of eligible products under the scheme for 2024-25 were Rs 0.67 lakh crore, which is approximately 27 per cent of the country's total pharma exports during the same period.

The approved companies have undertaken 40 per cent of the total investment (Rs 37,306 crore), amounting to Rs 15,102 crore in Research and Development (R&D) for eligible products under the scheme.

The overall Domestic Value Addition in the Sector has been 83.70 per cent as of March 2025.

Bulk Drugs: The PLI Scheme for Bulk Drugs aims to boost domestic manufacturing of critical Key Starting Materials (KSMs), Drug Intermediates (DIs), and Active Pharmaceutical Ingredients (APIs) in India.

The scheme has contributed to India becoming a net exporter of bulk drugs (Rs 2,280 crore) from a net importer (Rs (-) 1,930 crore) as was the case in 2021-22.

It has also significantly reduced the gap between the domestic manufacturing capacity and the demand for critical drugs.

Food Products: PLI Scheme for food products has reported investments worth Rs 9,032 crore, resulting in production/sales of Rs 380,350 crores and employment of 340,116 (Direct and indirect).

By mandating the use of domestically grown agricultural products (excluding additives, flavours, and edible oils) in manufacturing, the scheme has substantially increased local raw material procurement, benefiting underdeveloped and rural areas while supporting farmers' incomes.

Under the PLI scheme, a significant proportion of beneficiaries are MSMEs, with 70 MSMEs directly enrolled and 40 others contributing as contract manufacturers for larger companies.

This has strengthened SMEs by fostering innovation, improving competitiveness, expanding market access, generating employment opportunities, and supporting the broader value chain in the food processing industry.

The sales of Value-Added Marine products increased at a CAGR of 22 per cent during the PLI period.

With the launch of the PLI Millet Scheme, the Sales of Millet-Based Products increased 25 times in 2024-25 over the Base Year (2020-21).

The procurement of millets by the PLI beneficiaries has increased from 4081 MT in 2022-23 to 16130 MT in 2024-25, which has led to an increase in the rural household income.

Textiles: Exports of Indian Man-made Fibre (MMF) Textiles have reached USD 6 billion during 2024-25 as against exports of USD 5.7 billion during 2023-24.

The overall exports of Technical Textiles from India reached USD 3,356.5 million during 2024-25 as against exports of USD 2,986.6 million during 2023-24.

- ANI

Share this article:

Reader Comments

R
Rajesh K.
PLI scheme is truly a game-changer for India! The numbers speak for themselves - ₹16.5 lakh crore production and 12 lakh jobs created. Atmanirbhar Bharat is no longer just a slogan but becoming reality. Pharma sector's 83.7% domestic value addition is particularly impressive 🇮🇳
P
Priya M.
While the scheme shows promise, implementation needs more transparency. Some MSMEs in my area complain about delays in incentive disbursement. The government should create a simpler online portal to track applications and payments. Good initiative but needs better execution at ground level.
A
Amit S.
The millet scheme is brilliant! Traditional crops getting boost through modern manufacturing. My village farmers have seen 40% income increase. More such schemes needed for other traditional Indian products like jute, bamboo etc. Jai Kisan! 🌾
S
Sunita R.
As someone working in pharma sector, I can confirm PLI has reduced our dependence on China for APIs. But we need to focus more on high-end medical equipment manufacturing too. Currently 80% of hospital equipment still imported. Next target should be this sector!
V
Vikram J.
Textile sector growth is good but we're still far behind Bangladesh in garment exports. Need more focus on design innovation and faster delivery systems. Also, why no PLI for handicrafts sector? That's where real Indian craftsmanship lies!
N
Neha P.
The food processing numbers are amazing! 340,000 jobs created and helping farmers directly. But I hope quality standards are maintained strictly. We don't want to become like China with food safety issues. FSSAI should have special monitoring for PLI food units.
K

We welcome thoughtful discussions from our readers. Please keep comments respectful and on-topic.

Leave a Comment

Minimum 50 characters 0/50