Investment Under PLI Expected To Breach INR 2 Lakh Cr Soon: Piyush Goyal

Union commerce minister Piyush Goyal said that actual investments under production linked incentive (PLI) schemes stood at INR 1.46 lakh crore till August 2022.
He expects investments to breach INR 2 lakh crore soon as more companies commence production under the PLI schemes.
Goyal engaged in discussions with 140 companies that are beneficiaries of PLI schemes across 14 sectors. Originally, 1300 manufacturing units across sectors were selected.
The government had estimated total investments of INR 46 lakh crore would be made under PLI schemes throughout the duration of the schemes.
In May 2022, the PLI schemes were revised making most manufacturers eligible to start production immediately.
Several sectors and companies have received benefits – Reliance Industries selected for ACC battery PLI, Dixon's subsidiary signed MoU with HP for laptop production under PLI, Ola Electric's e-scooter model got DVA certification needed for auto PLI.
PLI schemes are aimed at boosting domestic manufacturing in strategic sectors by offering incentives on incremental sales from products manufactured in India.