Modi govt has a key task in Budget 2025: Unlocking the PLI goldmine
Union Budget for the next fiscal year, Finance Minister Nirmala Sitharaman may have a big task to do for PLI schemes.
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The Modi government disbursed Rs 1,596 cr under Production-Linked Incentive (PLI) schemes across six sectors, including electronics and pharmaceuticals, during April–September of this fiscal year, according to an official statement.
Among the total Rs 1,596 cr, the largest allocation of Rs 964 crore was directed towards large-scale electronics manufacturing. This was followed by pharmaceuticals (Rs 604 cr), food products (Rs 11 cr), telecom (Rs 9 cr), bulk drugs (Rs 6 cr), and drones (Rs 2 cr).
The primary aim of the PLI initiatives is to attract investments in key sectors and cutting-edge technologies, improve efficiency, and achieve economies of scale in manufacturing. These efforts are designed to make Indian companies and manufacturers globally competitive.
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