Policy support, a large domestic RE market and the global push to diversify supply chains are drawing manufacturing investment to India, though batteries and upstream solar components need to catch up
The government has for the first time put together a plan to try and change the game by encouraging homegrown players to build a mobile brand
The government has made wide-ranging efforts to increase investment in the pharmaceutical sector for enhancing manufacturing capabilities, to prevent disruption in supply of critical APIs
The government has disbursed Rs 36, 754 crore to beneficiary companies under the Production Linked Incentive (PLI) schemes as on June 30 this year, the commerce and industry ministry said on Friday. The government launched the PLI schemes in 2020 for 14 key sectors, with an approved outlay of Rs 1.91 lakh crore, to enhance India's manufacturing capabilities, attract investment, promote exports, generate employment, and reduce import dependence. "As on June 30, 2026, the PLI Schemes have resulted in actual investment of Rs 2.58 lakh crore, against which production/sales of Rs 23.79 lakh crore and exports of Rs 15.53 lakh crore have been recorded. These Schemes have led to the employment generation of over 14.57 lakh (direct and indirect) along with Rs 36,754 crore of cumulative incentives disbursed so far," the DPIIT said. It also said that the pharmaceuticals sector has recorded cumulative sales of over Rs 3.64 lakh crore under the scheme. The scheme has also enabled the domestic .
The government has decided to keep in abeyance the implementation of the performance-linked incentive (PLI) scheme for employees of public sector banks (PSBs) for 2025-26 following a representation by bank employees seeking a review of its existing structure. Finance Minister Nirmala Sitharaman met a delegation of bank employees representing different PSBs, led by the Bharatiya Mazdoor Sangh, which raised several issues concerning the banking sector and employees, the finance ministry said in a statement on Monday. The delegation sought, among other things, a review of ex-gratia, medical facilities for retired employees and changes in the existing PLI structure applicable to PSB employees, it said. The decision comes ahead of nationwide bank strike call given by UFBU pressing for various issues, including PLI scheme. Taking cognisance of the concerns raised, it was decided to keep in abeyance the implementation of the PLI Scheme dated November 19, 2024, for 2025-26, it said. The .
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The government's PLI schemes across 14 sectors attracted Rs 2.4 trillion in investments and generated 1.45 million jobs by FY26, with exports rising to Rs 15.2 trillion
The government on Tuesday said that Production Linked Incentive (PLI) schemes have resulted in actual investments of over Rs 2.40 lakh crore and generated over 14.15 lakh jobs until March this year. In a written reply to the Lok Sabha, Minister of State for Commerce and Industry Jitin Prasada said that the schemes have collectively enabled exports of over Rs 15.2 lakh crore since their inception, reflecting India's growing integration with global value chains. "As on March 31, 2026, under the PLI Schemes resulted actual investment of over Rs 2.40 lakh crore and employment generation of over 14.15 lakh (direct and indirect)," he said. According to the data provided by the minister in his reply, the maximum investment was received in the high efficiency solar PV modules (Rs 64,873 crore). It was followed by pharma (Rs 45,158 crore), auto (Rs 44,326 crore), speciality steel (Rs 23,896 crore), and the large-scale electronics manufacturing sector till March (Rs 20,580 ...
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