PLI schemes: Govt disburses ₹36,754 crore since 2020; ₹1,400 crore in Q1
AI Summary
The substantial disbursement of ₹36,754 crore under the PLI schemes highlights the Indian government's commitment to boosting domestic manufacturing across various sectors. For retail investors, this trend signals potential growth opportunities in industries like electronics, pharmaceuticals, and specialty steel, which are seeing significant investments and production increases. As global players establish manufacturing bases in India, investors should keep an eye on companies involved in these sectors, as they may benefit from enhanced production capabilities and reduced import reliance.
The government has disbursed ₹36,754 crore to beneficiary companies under the Production Linked Incentive (PLI) schemes since their launch in 2020 till June 30 this year, with the largest amount of ₹19,090.98 crore released to large-scale electronics manufacturing, according to the DPIIT.
The Department for Promotion of Industry and Internal Trade (DPIIT) data showed that ₹1,400 crore was disbursed in this fiscal year until June 30.
Original Article
Published on Hindu BusinessLine
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