Investment of Rs 1.46 lakh crore realized across 14 PLI sectors till August – Newz9

NEW DELHI: The authorities on Tuesday mentioned funding of Rs 1.46 lakh crore has been realized, leading to incremental manufacturing and gross sales of over Rs 12.50 lakh crore across 14 PLI sectors till August this 12 months. In a written reply to the Lok Sabha, Commerce and Industry Minister Piyush Goyal mentioned that protecting in view India’s imaginative and prescient of changing into self-reliant, Production Linked Incentive (PLI) Schemes for 14 key sectors have been introduced with an outlay of Rs 1.97 lakh crore to boost manufacturing capabilities and exports.
“As on August 2024, across 14 sectors, investment of Rs 1.46 lakh crore have been realized, which has resulted in incremental production/sales of over Rs 12.50 lakh crore, employment generation of over 9.5 lakhs, and exports surpassing Rs 4 lakh crore, ” he added.
Incentives of Rs 2,968 crore in eight sectors and Rs 6,753 crore in 9 sectors throughout 2022-23 and 2023-24, respectively, have been disbursed.
As of date, 764 purposes have been authorised below PLI schemes across 14 sectors, the minister mentioned.
In a separate reply, he mentioned India’s commerce with FTA associate international locations reveals a rise of 100 per cent in exports in comparison with 84.7 per cent in imports from the 12 months of implementation of the FTA to 2023-24.