Rs 4 lakh-crore investment potential in PLI-led units
image for illustrative purpose
Policy Push
- PLI scheme was announced in 2021
- With an outlay of Rs 1.97 lakh cr for 14 sectors
- Govt capex rose from Rs4.39 lakh cr in FY21 to Rs11 lakh cr in FY25
New Delhi: The PLI scheme is expected to attract investments of Rs3-4 lakh crore in the next four years and generate 2 lakh jobs as large projects in sectors, including semiconductor, solar module and pharmaceutical intermediaries, are expected to take off, a top Icra executive said on Wednesday.
Icra Executive Vice -President and Chief Ratings Officer K Ravichandran said that going ahead private sector capex is expected to pick up in oil and gas, metals and mining, hospitals, healthcare and cement sectors.
However, taking the private sector capex to record high levels would require the government to give some tax breaks so that people have more disposable income in their hands.
“Under the PLI scheme, we are expecting Rs3-4 lakh crore of additional investments in the next 3-4 years. Going ahead, semiconductor, solar module, and pharmaceutical intermediaries are some areas where large projects are expected to happen which can be capital and employment-intensive.
