The Production-Linked Incentive (PLI) Scheme for 14 sectors had attracted over Rs 95,000 crore in investment till September this year, an official statement said on Tuesday. 

According to the Commerce and Industry Ministry, as many as 746 applications had been approved till November 2023 under these schemes. 

In the Union Budget 2021-22, the government announced an outlay of Rs 1.97 lakh crore for the scheme. 

The sectors that have got investments include electronics, telecommunication, pharmaceutical, white goods (AC and LED light components) and textile. The aim is to enhance India’s manufacturing capabilities and exports. 

“746 applications had been approved till November 2023. PLI units were established in more than 150 districts (24 States). Over Rs 95,000 crore of investments were reported till September, which had led to production or sales of Rs 7.80 lakh crore and employment generation (direct and indirect) of over 6.4 lakh,” the ministry said. 

It added that incentives worth around Rs 2,900 crore had been disbursed in 2022-23. 

“There has been value addition of 20 per cent in mobile manufacturing within a period of three years,” the statement said. 

It added that of the $101 billion worth of total electronics production in 2022-23, smartphones constituted $44 billion, including $11.1 billion as exports. 

“Import substitution of 60 per cent has been achieved in the telecom sector, and India has become almost self-reliant in antennae, GPON (Gigabit Passive Optical Network) and CPE (Customer Premises Equipment),” the ministry said.