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Sectors like mobile phones, food processing, and pharmaceuticals showed a strong performance as these three account for over 75 per cent of the total jobs created.
The PLI scheme aims to create a total of 16.2 lakh direct jobs over the next five years.
The central government’s production-linked incentive (PLI) scheme has created a total of 5.84 lakh direct jobs till June 2024, which is about 36 per cent of the total of 16.2 lakh direct jobs targeted to be created over the next five years or so across the 14 sectors, according to an Indian Express report citing RTI response from various ministries.
According to the report, sectors like mobile phones, food processing, and pharmaceuticals showed a strong performance as these three account for over 75 per cent of the total jobs created.
The PLI scheme for the food processing sector, aimed to create 2.5 lakh jobs by 2026-27, has already created 2.45 lakh jobs by June 2024.
The PLI scheme, announced in April 2020, is an Indian government initiative aimed at boosting domestic manufacturing and reducing reliance on imports. It offers financial incentives, typically 4-6 per cent of incremental sales, to eligible companies that meet specified production and investment targets.
Initially launched for the electronics sector, it now covers multiple industries, including pharmaceuticals, textiles, automotive, and renewable energy. The scheme aims to attract investment, enhance exports, and generate employment, contributing to India’s goal of becoming a global manufacturing hub.
