Investments under production-linked incentive schemes cross Rs 51,000 Cr

Companies have invested more than ₹51,200 crore across the 14 production-linked incentive (PLI) schemes in the past 1.5 years, data shows.

This is around 5% of the ₹2.73 trillion in investments made over an average of fewer than four years by the 588 companies chosen for the incentives. Therefore, the tendency is seldom typical.

However, the government has so far only provided incentives totaling ₹2,400 crore, or just 1.2% of the Rs 1.97 trillion planned over a five- to seven-year period, under all of the PLI programmes.

This is due to the fact that just two programmes mobile phones (₹1,500 crore) and pharmaceuticals (₹850 crore ) have accrued enough incremental sales to qualify for incentives.

As per the data available, so far 11% of the planned output or incremental sales target of ₹40.5 trillion has been met. Similar to this, 10.5% of the 2.79 million employment opportunities under the 14 PLI projects have been realised thus far.

With ₹16,199 crore, or 35% of the projected investments of ₹45,765 crore by 55 enterprises, the majority of investments have been made in pharmaceutical medicines. About ₹10,440 crore, or 34% of the entire commitment made by three companies under the PLI for high-efficiency solar PV modules, has already been invested, as per a Financial Express report.