806 applications approved so far under PLI schemes for 14 sectors
The schemes for 14 key sectors including telecom, electronics, pharma, textiles and auto were announced with an outlay of Rs 1.97 lakh crore to enhance India's manufacturing capabilities and exports. It was announced in 2021.
'As on date, 806 applications have been approved under PLI schemes across 14 sectors," Minister of State for Commerce and Industry Jitin Prasada said in a written reply to the Lok Sabha.
He said that actual investment of Rs 1.76 lakh crore has been realised till March 2025 across 14 sectors, which has resulted in incremental production/sales of over Rs 16.5 lakh crore and employment generation of over 12 lakh (direct and indirect jobs).
The pharmaceuticals sector has witnessed cumulative sales of Rs 2.66 lakh crore, which includes exports of Rs 1.70 lakh crore achieved in the first three years of the scheme, Prasada said.
The scheme has contributed to India becoming a net exporter of bulk drugs (Rs 2,280 crore) from a net importer (Rs 1,930 crore) as was the case in 2021-22.
In the mobile segment, the production in value terms has increased by around 146 per cent from Rs 2,13,773 crore in 2020-21 to Rs 5,25,000 crore in 2024-25.
'Exports of mobile phones in value terms have increased by around 775 per cent from Rs 22,870 crore in 2020-21 to Rs 2,00,000 crore in 2024-25," he added.
The minister informed that a cumulative incentive amount of Rs 21,534 crore has been disbursed as on June 24 under PLI scheme for 12 sectors, including Large Scale Electronics Manufacturing, IT Hardware, Bulk Drugs, Medical Devices, and Pharmaceuticals. PTI RR DR DR
view comments
First Published:
July 22, 2025, 13:45 IST
Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Hans India
24 minutes ago
- Hans India
August 2025 Bike Rides: Top Picks You Cannot Miss
India is the largest two-wheeler market and every month we can see a large number of bike and scooter launches. August is no exception, as this month too we will see many new launches in EV as well as non-EV segments. From sports bikes to scooters, August 2025 has something for all types of two-wheeler lovers. Honda CB 125 Hornet The newest member to the Honda family is the Honda CB 125 Hornet. The Honda CB125 Hornet is a stylish entry-level bike designed for city riding and beginners. This bike is sure to become a huge hit among people as it offers smooth handling, comfortable ergonomics, and modern features like LED lighting and a digital display. Its sporty design and reliable performance make it a popular choice for new riders. The Honda CB 125 Hornet is priced between Rs 1.12 – 1.30 Lakhs. Key Specs and Features: Engine Capacity - 124cc, liquid-cooled, single-cylinder Transmission - 6-speed manual Power and Torque – Approximately 14.7 hp at 10,000 rpm, 11.6 Nm at 8,000 rpm Brakes - Front disc, rear disc ABS - Dual-channel ABS for enhanced safety Triumph Thruxton 400 Triumph Thruxton 400 is set to launch in India on the 6th of August 2025. Known as a café racer, the Thruxton 400 is a modern and classic bike. One of the best parts of this bike is that it blends retro styling with sporty performance. Featuring clip-on handlebars, a sculpted fuel tank, and premium detailing, it promises an engaging ride for enthusiasts seeking style and agility. The ex-showroom price of this bike is around Rs 2.74 Lakhs. Key Specs and Features: Engine Capacity - 398 cc, liquid-cooled, single-cylinder, 4-valve DOHC Transmission - 6-speed manual gearbox, chain drive Power and Torque – Approx 42 bhp at 9,000 rpm and 37.5 Nm at 7,500 rpm Brakes - Front: 300 mm disc with 4‑piston radial‑style caliper, Rear: 230 mm disc with single‑piston caliper ABS - Dual-channel ABS (front and rear brakes) standard Oben Rorr EZ After almost a year of its debut, Oben electric is ready to launch its updated version. This updated version is expected to have many interesting upgrades like a new LFP battery pack and a 5-inch TFT display. It has 3 battery options available. The ex-showroom price of Oben Rorr EZ is between Rs 1.27 – 1.37 Lakh. Key Specs and Features: Battery and Range – 2.6 kWh: IDC‑claimed range of 110 km 3.4 kWh: Claimed range of 140 km 4.4 kWh: Claimed range of up to 175 km Charging Time – 2.6 kWh: Approx 45 minutes 3.4 kWh: Approx 1.5 hours 4.4 kWh: Approx 2 hours Yezdi Roadster Yezdi is set to launch its refreshed Roadster in India on August 12, 2025. Auto enthusiasts can expect revamped styling like integrated LEDs, shortened rear fender, smaller pillion and dual-exhaust retained. The ex-showroom price is expected to be around Rs 2.10 – 2.20 Lakh. Key Specs and Features: Engine Capacity - 334 cc, single-cylinder, 4-stroke, liquid-cooled, DOHC engine Transmission - Constant‑mesh 6‑speed manual, chain drive with wet multi‑plate clutch Power and Torque – Approx 29 PS (29 bhp) at 7,300 rpm and 29.4 Nm torque at 6,500 rpm Brakes - Front disc (320 mm, floating caliper, 2‑piston) and Rear disc (240 mm, floating caliper, 1‑piston) ABS - Dual‑channel ABS (front and rear) as standard across all variants Super Soco Cumini Super Soco Cumini is a compact electric scooter designed for urban commuting. It is expected to launch in India by the end of August 2025 at around Rs 90,000. Key Specs and Features: Battery and Range - 28Ah removable battery, 70km range Top Speed - 45km/h Catering to the wide range of preferences for each audience, this month has a lot to offer. With fresh designs and upgraded performance, August 2025 seems to be an exciting month for motorcycle enthusiasts.
&w=3840&q=100)
Business Standard
24 minutes ago
- Business Standard
Only 30% Indian districts get CSR funding for development needs: Study
Only around 30 per cent of eligible rural districts in India receive Corporate Social Responsibility (CSR) funds aligned with their development needs, while 23 per cent of districts show a complete mismatch between the funds received and their requirement, and 47 per cent show partial misalignment, a recent survey by the Development Intelligence Unit (DIU) has found. The DIU is a collaborative enterprise of Sambodhi Research and the Transform Rural India Foundation (TRIF). The survey uses a refined methodology to estimate CSR spending in rural areas, focusing only on districts with over 50 per cent rural population (as per Census 2011) and sectors with a clear rural development focus. The analysis computes average per capita CSR spending and compares it against the RQOL Index to evaluate the appropriateness of fund allocation. RQOL, or Rural Quality of Life Index, is a weighted composite measure developed indigenously by DIU, using administrative (public intent) data. It encompasses 69 indicators across nine key thematic pillars—agriculture, economic ability and employment, education, gender, governance, health and nutrition, infrastructure and amenities, social security, and sustainability and climate resilience. The index classifies districts within each state into tertiles—high, medium, and low—to enable within-state comparisons and planning. The report highlights a stark divergence between need and actual CSR funding, indicating that CSR strategies are often driven by corporate convenience or compliance motives, rather than a strategic or evidence-based approach. CSR spending continues to be concentrated in three broad sectors—education, healthcare, and rural poverty alleviation—which account for over 60 per cent of all CSR funds. Critical sectors such as environmental sustainability and livelihood enhancement receive inadequate attention. 'Moreover, many CSR initiatives suffer from the lack of impact assessments, duplication of government schemes, weak community participation, and poor innovation or strategic planning. Often, projects are implemented in a top-down manner, driven more by corporate discretion than by actual deprivation or community needs,' the report stated. India's CSR framework, mandated under Section 135 of the Companies Act, 2013, requires companies to allocate a portion of their profits towards social development. Section 135 applies to companies with a net worth of Rs 500 crore or more, or a turnover of Rs 1,000 crore or more, or a net profit of Rs 5 crore or more during the immediately preceding financial year. The Act also mandates that eligible companies must spend at least 2 per cent of their average net profit of the preceding three financial years on CSR activities. In FY23, CSR expenditure in India reached Rs 29,989.92 crore, registering a 12.8 per cent growth over the previous year—a sign of recovery after pandemic-induced disruptions. 'However, this growth masks a deep structural imbalance in the geographical distribution of CSR funds. CSR allocations tend to follow the geographical footprint of donor companies, i.e., where their headquarters or manufacturing or mining units are located. Consequently, industrialised states like Maharashtra, Karnataka, Gujarat, Tamil Nadu, Andhra Pradesh, Telangana, and Delhi have historically captured a disproportionately large share of CSR funds,' the report stated. The report strongly advocates a shift from compliance-led CSR to a development-oriented and impact-driven approach. 'It recommends that the Ministry of Corporate Affairs introduce policy directives to encourage better geographic and sectoral targeting of CSR funds,' it added.
India.com
24 minutes ago
- India.com
Debt-ridden Pakistan breaks IMF's trust, fails to fulfill its promises, will IMF give more money?
Debt-ridden Pakistan breaks IMF's trust, fails to fulfill its promises, will IMF give more money? Pakistan, which is facing poverty, is dependent on International Monetary Fund (IMF). It has taken a huge loan of 7 billion dollars (about Rs 58,100 crore) from the IMF and in return it had to achieve some targets. But Pakistan could not fulfill even those promises. According to the report, Pakistan failed to achieve three out of five targets. Despite this, it is still hoping for next installment from the IMF which will review it in September. Which targets did Pakistan miss? According to a report by The Express Tribune, this information has come to light in the 'Fiscal Operations Summary' released by the Pak Finance Ministry. The first of the three major targets of the IMF that Pakistan failed to meet was the saving of 1.2 trillion by the provinces, which was not possible due to rising expenses. Second, the Federal Board of Revenue (FBR) was unable to achieve the total revenue target of 12.3 trillion. Apart from this, Pakistan also completely missed the target of recovery of 50 billion under the 'Tajir Dost Scheme' launched to collect tax from retail traders. Is Pakistan's economy improving? The Pakistani government report says that despite not being able to fulfill the IMF promises, there have been some positive signs. The country has achieved a primary budget surplus of 2.7 trillion Pakistani rupees against the target of 2.4 trillion, this is the second consecutive year and the highest in 24 years. Also, the total fiscal deficit was limited to 5.4% of GDP, which is 6.2 trillion. What is difficult for pakistan? According to the report, the Finance Ministry tried to control expenditure throughout the year, but the provincial governments, which are outside the control of the federal government, did not save Rs 1.2 trillion as promised by the IMF. They could save only Rs 921 billion, i.e. the target of Rs 280 billion was missed. According to the report, the Pakistan government is hoping that despite not meeting some targets, it will not face any serious hurdles in the next IMF review. The review may take place in September and by then Pakistan is expected to receive the next tranche of $1 billion.
