Government's PLI scheme has shown its wonders, achieved tremendous success, see this figure

highlights

The pharmaceutical sector attracted Rs 25,813 crore till December last year.

The lowest investment was received in IT hardware at Rs 270 crore.

Policy may change for areas that are not performing well.

New Delhi. Production Linked Incentive (PLI) schemes for 14 sectors have brought in investments of Rs 1.06 lakh crore till December 2023. Medicines and solar modules contributed almost half of the total investment. According to government data, till December last year, response to the scheme was slow in sectors like information technology, hardware, vehicle and vehicle parts, textiles and ACC (Advanced Chemical Cell) battery storage. The government has approved investment in 14 sectors such as telecom, electronic goods, textiles, medical devices manufacturing, vehicles, special steel, food products, high-efficiency solar PV modules, advanced chemicals batteries, drones and pharmaceuticals with an outlay of Rs 1.97 lakh crore in 2021. Announced PLI scheme for.

According to the data, the pharmaceutical sector attracted Rs 25,813 crore till December last year. This is more than the expected investment of Rs 17,275 crore. Major beneficiaries from the sector include Dr. Reddy's Laboratories, Cipla, Glenmark Pharma, Biocon and Wockhardt Limited. As far as high-efficiency solar PV modules are concerned, the total investment stood at Rs 22,904 crore. Whereas an investment of Rs 1.10 lakh crore was expected from this sector. In this sector, PLI beneficiaries include Shirdi Sai Electricals, Reliance New Energy Solar Limited, Adani Infrastructure and Tata Power Solar.

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Where was less investment found?
Other sectors that received good investment till December last year include bulk drugs, medical equipment, food processing and telecommunications. The lowest investment was received in IT hardware at Rs 270 crore, whereas an investment of Rs 2,517 crore was expected in this sector. Other PLI sectors with lower investment include vehicles and auto components (Rs 13,037 crore against expected investment of Rs 67,690 crore), textiles (Rs 3,317 crore against expected investment of Rs 19,798 crore) and ACC battery storage (expected investment of Rs 13,810 crore). 3,236 crore) against investment.

What is the government doing and considering next?
According to an official, the government is looking into this and may consider changes in the plan for those sectors which are not performing well. The government has distributed Rs 4,415 crore under the scheme for eight sectors including electronics and pharmaceuticals till October this financial year. The PLI scheme aims to attract investment in key sectors and cutting-edge technology to ensure efficiency, accelerate manufacturing and make Indian companies and manufacturers globally competitive.

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