UPSC CURRENT AFFAIRS – 24th March 2025
Production Linked Incentive (PLI) Schemes
Why in News?
The PLI Scheme aims to boost domestic manufacturing, attract investments, enhance exports, and reduce import dependence across 14 key sectors, strengthening India’s self-reliance and global competitiveness.
Introduction
- The Production Linked Incentive (PLI) Scheme is a key initiative under India’s vision of ‘Atmanirbhar Bharat’, aimed at enhancing domestic manufacturing capabilities, attracting investments, and boosting exports.
- Covering 14 key sectors, the scheme seeks to reduce import dependency, create employment, and integrate India into global value chains.
Implementation and Impact of PLI Scheme
- 764 applications approved across 14 sectors, with 176 MSMEs as beneficiaries.
- Reported investment of ₹1.61 lakh crore (~US$ 18.72 billion) till November 2024.
- Generated production/sales worth ₹14 lakh crore (~US$ 162.84 billion) against the FY 2024-25 target of ₹15.52 lakh crore.
- Created 11.5 lakh jobs (direct & indirect) across various industries.
- Exports under PLI schemes have surpassed ₹5.31 lakh crore (~US$ 61.76 billion), with major contributions from electronics, pharmaceuticals, food processing, and telecom & networking products.
- ₹14,020 crore disbursed as incentives in 10 sectors, including large-scale electronics, IT hardware, bulk drugs, medical devices, telecom, white goods, automobiles, and drones.
Sector-Wise Achievements of PLI Scheme
- Specialty Steel
- ₹20,000 crore investment out of the committed ₹27,106 crore.
- 9000 direct jobs created.
- ₹48 crore incentives disbursed; ₹2,000 crore to be disbursed by the end of the scheme.
- 35 companies have applied in Round-2, committing ₹25,200 crore investment.
- Food Processing
- 171 active beneficiaries under the PLI Scheme.
- ₹474 crore disbursed for FY 2022-23; ₹700 crore targeted for FY 2023-24.
- Filing deadlines: November 30 (Millets), December 31 (Other categories).
- Large-Scale Electronics & IT Hardware
- India has transitioned from a net importer to a net exporter of mobile phones.
- Increased exports of telecom equipment (4G & 5G), reducing import dependency by 60%.
- Medical Devices
- 19 greenfield projects commissioned; production of 44 high-end medical devices (MRI, CT-Scans, Ultrasound machines) started.
- White Goods (ACs & LED Lights)
- 84 companies investing ₹10,478 crore.
- Domestic production of compressors, copper tubes, LED chips, drivers, and metallized films initiated.
- Drone & Drone Components
- Seven-fold increase in industry turnover.
- Attracted significant investments and job creation, positioning India as a global drone manufacturing hub.
- Pharmaceuticals & Bulk Drugs
- India is now the third-largest pharmaceutical producer globally, with 50% of production being exported.
- Manufacturing of key bulk drugs like Penicillin G, reducing import dependence.
Significance of PLI Scheme
- Strengthening India’s Position in Global Value Chains
- Encouraging self-reliance in critical manufacturing sectors.
- Attracting global technology firms to set up operations in India.
- Promoting Domestic Industry & Job Creation
- Encouraging MSMEs and startups in advanced technology sectors.
- Employment generation across key industries such as electronics, steel, telecom, and medical devices.
- Boosting Exports & Reducing Imports
- India has emerged as a leading mobile phone exporter.
- Enhanced self-sufficiency in critical manufacturing sectors like telecom and pharmaceuticals.
Way Forward
- The PLI Scheme is a foundational initiative aimed at creating a robust manufacturing ecosystem in India.
- Approved sectors align with India’s strategic goals of technological advancement, employment generation, and global competitiveness.
- As implementation progresses, India is poised to emerge as a global manufacturing powerhouse, driving long-term economic growth and self-reliance.
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