Disbursed Rs 2.9k-cr so far under 14 PLI schemes: DPIIT

The segment has also contributed to exports worth Rs 1.3 lakh crore, and created employment for 60,000 individuals, as per DPIIT data.

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According to data with the DPIIT, as of March 2023, a total of 733 applications were received across the 14 PLI schemes, which have generated an actual investment of Rs 62,500 crore. (Express Photo)

The central government has disbursed a total of Rs 2,900 crore so far under the 14 production linked incentive (PLI) schemes out of the Rs 3,400 crore claims it has received, data shared by the Department for Promotion of Industry and Internal Trade (DPIIT) showed.

Addressing a press briefing, Additional Secretary in the DPIIT Rajeev Singh Thakur said that the next two years would be crucial for the disbursement. “In eight sectors, we are disbursing the incentives and in the remaining six, we are hopeful (to start the disbursements). This year and next year, we will be on track,” Thakur said.

DPIIT Secretary Rajesh Kumar Singh said that concerned departments whose PLI schemes may not be gaining traction can consider changes to the plan, similar to the changes made in the PLI scheme for IT hardware, which was revised to Rs 17,000 crore from the initial Rs 7,350 crore.

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The government has announced the PLI scheme for as many as 14 sectors, such as telecommunication, electronics, white goods, textiles and pharma with a total outlay of Rs 1.97 lakh crore.

According to data with the DPIIT, as of March 2023, a total of 733 applications were received across the 14 PLI schemes, which have generated an actual investment of Rs 62,500 crore.

Production under the various schemes led to exports worth Rs 2.6 lakh crore till financial year 2022-23. The large scale electronics manufacturing PLI, which includes companies like Apple and Samsung locally manufacturing smartphones, has seen an investment to the tune of Rs 6,600 crore and participants have produced goods worth Rs 3 lakh crore.

The segment has also contributed to exports worth Rs 1.3 lakh crore, and created employment for 60,000 individuals, as per DPIIT data. Of the total mobile phones exported from India during Fy’2022-23, around 82 per cent phones were made under the PLI scheme, the data showed. Mobile phones export from India has increased to Rs 90,000 crore during April-December 2022-23 against Rs 45,000 crore in 2021-22.

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Thakur said that in 2015, around 74 per cent of all mobile phones in India were imported, but today, 99.2 per cent of the handsets sold in India were made domestically in the country.
Responding to a question by The Indian Express on there being limited beneficiaries of the mobile manufacturing PLI, Singh said, “… you can say that it has been limited to a few companies, but that will be further decided by the market”.

The Centre is also expecting to receive a significant amount of money as part of taxes and customs duty on components involved in the manufacturing process. For instance, in the PLI for food processing which has an outlay of Rs 10,500 crore, the government is expecting to collect GST worth Rs 12,500 crore, Thakur said.

“Our guess is that”, the government would have collected about Rs 5 lakh crore as taxes and duties, Thakur said.