US EditionPiyush Goyal Emphasizes Sectoral Strength and Export Growth via PLI Drive
INDIA, JUN 25 – The government has disbursed Rs 21,534 crore incentives under 12 sectors, generating over 12 lakh jobs and attracting Rs 1.76 lakh crore in investments, official data shows.
- Union Minister Piyush Goyal chaired a review meeting on Wednesday to assess the Production-Linked Incentive scheme across 14 sectors in India.
- The scheme began in 2021 with an outlay of Rs 1.97 lakh crore to boost domestic manufacturing and increase exports by focusing on competitive sectors.
- By FY 2024-25, the PLI scheme attracted Rs 1.76 lakh crore in investments, generated over Rs 16.5 lakh crore in production and sales, and created more than 12 lakh jobs.
- Exports under the scheme included pharmaceutical products worth Rs 0.67 lakh crore, accounting for 27% of India's total pharma exports, and Indian Man-Made Fibre textiles reaching US$6 billion.
- Goyal emphasized the need to resolve stakeholder issues, enhance skilled manpower quality, and prepare a five-year roadmap to sustain export growth and self-reliance.
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India's PLI Scheme: Boosting Domestic Manufacturing and Export Growth
Union Minister Piyush Goyal emphasizes India's need to harness its competitive edge to increase exports. The Production Linked Incentive (PLI) Scheme covers 14 key sectors and has attracted investments worth Rs 1.76 lakh crores. This initiative significantly boosts domestic manufacturing, job creation, and export sales, especially in the pharmaceutical and textile industries.
Centre provides US $ 2.51 billion in PLI incentives; MMF, technical textiles grow
As of March 2025, India’s Production-Linked Incentive (PLI) Scheme is advancing in 14 important sectors, attracting a total of Rs. 1.76 lakh crore (US $ 20.54 billion) in investments and producing and selling goods valued at Rs. 16.5 lakh crore (US $ 192.54 billion), according to the Ministry of Commerce and Industry. Official data also […] The post Centre provides US $ 2.51 billion in PLI incentives; MMF, technical textiles grow appeared first …
The $5 Trillion Revolution: Is India Set to Overtake Global Giants? - Commonwealth Union
(Commonwealth_ India) India is surely moving forward on its path to becoming a $5 trillion economy by 2027, Piyush Goyal, Union Minister of Commerce and Industry, said in a virtual address to the Merchants’ Chamber of Commerce and Industry (MCCI). He credited the nation’s progress to the collective efforts of its people and the strong, determined leadership of Prime Minister Narendra Modi. Goyal reflected on the past decade and noted that India’…
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- 50% of the sources are Center, 50% of the sources lean Right
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