New Delhi, 13 July (IANS). In the financial year 2024-25, 70 percent of the total funds issued by the government for production linked scheme (PLI) have been received by electronics and pharma industry. This information was given in official data.
The data stated that out of Rs 10,114 crore released under the scheme during FY 2024-25, the electronics sector received Rs 5,732 crore, while the pharma area received Rs 2,328 crore.
The PLI scheme launched in 2021 to promote domestic manufacturing was initially launched for 14 major areas.
This has played an important role in increasing the export of industrial base and high value of the country.
The success of this scheme is clearly visible in the performance of the electronics sector.
Due to the strong progress in the manufacturing sector, Electronics has now joined India’s top three export categories.
According to government data, the region recorded a good export growth of 32.46 percent in 2024–25, increasing the shipment from $ 29.12 billion in 2023-24 to $ 38.58 billion in the last financial year.
It was $ 15.7 billion in FY 2021-22 and $ 23.6 billion in FY 2022-23.
A major attraction in the electronics sector was computer hardware and peripherals, with an impressive growth of 101 percent and the exports doubled from $ 0.7 billion to $ 1.4 billion in FY 2025.
The United Arab Emirates, the United States, Netherlands, United Kingdom and Italy were among the top destinations of Indian electronic goods.
The pharmaceutical sector also continued to strengthen in the last financial year. India’s medicines and pharmaceutical products are now reaching more than 200 countries.
Pharma exports rose by about 10 percent to $ 30.5 billion in FY 2024-25, showing the country’s global presence in the healthcare and drug sector.
The new figures indicate the growing impact of the PLI scheme in furthering India’s manufacturing and export ambitions.
-IANS
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