Rs 28,728 crore disbursed under PLI so far

The government has successfully disbursed Rs 28,728 crore as incentives under the Production Linked Incentive (PLI) Scheme by the end of December. This initiative aims to boost domestic manufacturing and attract significant investments across various sectors. By providing financial incentives based on production output, the scheme seeks to enhance the global competitiveness of Indian manufacturers and reduce dependency on imports. Since its launch, the PLI Scheme has targeted key sectors such as electronics, pharmaceuticals, and textiles, among others. These industries have shown promising growth, with several companies ramping up their production capabilities to meet the scheme's criteria. The inflow of funds is expected to create jobs and foster innovation, ultimately contributing to the broader goal of making India a manufacturing hub. Industry experts have lauded the government's timely financial disbursement, citing it as a crucial step towards sustaining momentum in the manufacturing sector. While the scheme has already attracted considerable interest, continued monitoring and evaluation will be essential to ensure its long-term success. As the government plans to expand the scheme's reach, stakeholders remain optimistic about its potential to transform the Indian industrial landscape.

— Authored by Next24 Live