Production linked incentive (PLI) schemes were first introduced in India in March 2020, targeting three sectors. The PLI concept has since expanded with schemes rolled out for multiple sectors to make India a global manufacturing hub. PLI schemes offer financial incentives to investors on meeting the specified investment, capacity, and turnover criteria. With several schemes announced this year and others nearing a close, we share a list of resources below that will help you keep track of the PLI updates and recent developments: Automobiles and Auto Components With a budgetary outlay of INR 259.38 billion (USD 3.50 billion), the scheme aims to push forward India's transition to clean energy along with accelerating its share in the global automotive trade (unit production and components). Drones and Drone Components The budget for the scheme is INR 1.2 billion (USD 16.13 million). Recently liberalized regulatory framework and manufacturing incentives aim to promote the indigenization of drone technology in India. Advanced Chemical Cell (ACC) Batteries An outlay of INR 181 billion (USD 2.43 billion) has been earmarked for this scheme, which is intended to establish a local manufacturing capacity of 50 GWh of ACC and 5 GWh of Niche ACC capacity. Electronics Systems and Technology The budget for the electronics manufacturing scheme is INR 400 billion (USD 5.38 billion) while for IT hardware, it is INR 73.25 billion (USD 984.68 million). Food Processing Approved with an outlay of INR 109 billion (USD 1.47 billion), the scheme intends to attract greater sectoral investment and accelerate agri-exports, among other specific objectives. Medical Devices Phase one of this scheme is complete and phase two has been announced. With an outlay of INR 34 billion (USD 460 million) The eligible medical device segments under this scheme include cancer care, radiology, imaging, and nuclear imaging devices, among others. Specialty Steel Approved with an outlay of INR 63.22 billion (USD 849.85 million), the scheme is set to benefit both major (integrated) steel players as well as downstream manufacturing MSME entities. Pharmaceuticals The Indian pharmaceuticals market is supported by the PLI scheme for Key Starting Materials /Drug Intermediates and Active Pharmaceutical Ingredients (PLI 1.0) and the PLI scheme for pharmaceuticals (PLI 2.0) to boost the domestic manufacturing capacity, including high-value products across the global supply chain. White Goods and Solar Photovoltaic (PV) Modules Total incentives applicable under the scheme for white goods (Air Conditioners and LED Lights) are worth INR 62.38 billion (USD 831.27 million) while the incentives for the solar modules will cost the government INR 45 billion (approx. USD 599.99 million). Telecom and Networking Products Approved with an outlay of INR 121.95 billion (USD 1.64 billion), this scheme aims to aid the ongoing focus towards digital transformation. The list of target products includes core transmission equipment, 4G/5G, next generation radio access network and wireless equipment, among others. Textiles and Apparels Approved with an outlay of INR 106.83 billion (USD 1.44 billion), this scheme intends to shift the textile production from natural fibers to man-made fibers and technical textiles, aligning with global consumption patterns. | 
