Centre Releases Rs 1600 Cr Under PLI

New Delhi: The Centre disbursed close to Rs1,600 crore under the Production-Linked Incentive (PLI) scheme in the first half of 2024-25 with the large-scale electronics manufacturing sector getting the biggest chunk of Rs964 crore, a senior official confirmed on Wednesday.

The electronics sector was followed by the pharmaceuticals sector with Rs604 crore. The beneficiaries in the other sectors include food products, telecom and drones.

Electronics goods have emerged as the fastest growing segment in India’s export basket as new manufacturing capacities have come up in the country driven by the success of the Centre’s PLI scheme.