Keeping in view India’s vision of becoming ‘Atmanirbhar’ and to enhance India’s Manufacturing capabilities and Exports, an outlay of INR 1.97 lakh crore (US$ 26 billion) has been announced in Union Budget 2021-22 for PLI schemes for 13 key sectors of manufacturing starting from fiscal year (FY) 2021-22.
The 13 key sectors include already existing 3 sectors namely (i) Mobile Manufacturing and Specified Electronic Components, (ii) Critical Key Starting materials/Drug Intermediaries & Active Pharmaceutical Ingredients, (iii) Manufacturing of Medical Devices and 10 new key sectors which have been approved by the Union Cabinet in November 2020. These 10 key sectors are:
(i) Automobiles and Auto Components, (ii) Pharmaceuticals Drugs, (iii) Specialty Steel, (iv) Telecom & Networking Products, (v) Electronic/Technology Products, (vi) White Goods (ACs and LEDs), (vii) Food Products, (viii) Textile Products: MMF segment and technical textiles, (ix) High efficiency solar PV modules, and (x) Advanced Chemistry Cell (ACC) Battery.
PLI Scheme for an additional sector, Drones and Drone Components, has also been approved by the Union Cabinet in September 2021. With the announcement of PLI Schemes, significant creation of production, employment, and economic growthis expected over the next 5 years and more.
The PLI schemes are being implemented by the concerned Ministries/ Departments. A statement on details received from concerned Ministries/Departments regarding investment made by various sectors after 1st April, 2021, to avail Production Linked Incentive (PLI) scheme is placed in the table below:
|Sl. no.||Implementing Ministry/ Department||Sector||Investment received after 01.04.2021
(In INR crore)
|Existing PLI Scheme|
|i||Ministry of Electronics and Information Technology (MeitY)||Mobile Manufacturing and Specified Electronic Components (Large Scale Electronics Manufacturing)||The investment made by the companies approved under the Product Linked Incentive Scheme (PLI) for Large Scale Electronics Manufacturing after 01.04.2020 is approximately INR 3,000 crore.|
|ii||Department of Pharmaceuticals||Critical Key Starting materials/Drug Intermediaries & Active Pharmaceutical Ingredients||Under the Scheme, 42 applications have been approved with a total Committee Investment of Rs.4347.26 crore.|
|iii||Department of Pharmaceuticals||Manufacturing of Medical Devices||Under the Scheme, 13 applications have been approved with a total Committed Investment of Rs.798.93 crore.|
|Newly Announced PLI Scheme|
|i||Department of Heavy Industries||Advanced Chemistry Cell (ACC) Battery||Bidding process for selection of bidders/ investors is underway|
|ii||Ministry of Electronics and Information Technology (MeitY)||Electronic/ Technology Products
|The investment made by the companies approved under the Production Linked Incentive Scheme(PLI) for IT Hardware after 01.04.2021 is approximately INR 17 crore.|
|iii||Department of Heavy Industries||Automobiles and Auto Components||Window for notice inviting applications is opened for 60 days from 11th November, 2021 to 9th January, 2022|
|iv||Department of Pharmaceuticals||Pharmaceuticals Drugs||278 applications received which will be finalized by the end of November 2021.|
|v||Department of Telecom||Telecom & Networking Products||Investment made under PLI Scheme to promote Telecom and Networking Products Manufacturing in India up to September, 2021 is Rs.182.8 crores.|
|vi||Ministry of Textiles||Textile Products: MMF segment and technical textiles||The scheme guidelines are under finalization.|
|vii||Ministry of Food Processing Industries||Food Products||Applicants for coverage are under finalization.|
|viii||Ministry of New and Renewable Energy||High efficiency solar PV modules||Letters of award have been issued to the extent of fund allotted. Details of investment are awaited.|
|ix||Department for Promotion of Industry and Internal Trade (DPIIT)||White Goods (ACs and LEDs)||42 applicants with indicative investment of Rs. 4,614 crore have been selected as beneficiaries under the PLI Scheme as on 03.11.2021.|
|x||Ministry of Steel||Specialty Steel||Detailed Scheme guidelines have been published on 20.10.2021 for operationalization of the Scheme.|