New Delhi: The government’s flagship production linked incentive (PLI) scheme to boost domestic manufacturing in 14 key sectors attracted investments worth ₹1.61 lakh crore ($18.72 billion) as on November 2024, generating sales of about ₹14 lakh crore ($162.84 billion) against the target of ₹15.52 lakh crore up financial year ended March 31, 2025, commerce and industry ministry said in a statement on Saturday.

“Keeping in view India’s vision of becoming ‘Atmanirbhar’, PLI schemes for 14 key sectors are under implementation to enhance India’s Manufacturing capabilities and exports… These schemes have incentivized domestic manufacturing, leading to increased production, job creation, and a boost in exports. They have also attracted significant investments from both domestic and foreign players,” it said.

As on date, 764 applications have been approved under PLI schemes for 14 sectors. 176 micro, small and medium enterprises (MSMEs) are among the PLI beneficiaries in sectors such as bulk drugs, medical devices, pharma, telecom, white goods, food processing, textiles and drones, it said. So far, the scheme helped in creation of over 1.15 million direct and indirect jobs.