The Ministry of Commerce & Industry has reported that the Production Linked Incentive (PLI) Schemes, initiated in 2020, have attracted investments of Rs 1.32 lakh crore (USD 16 billion) and enhanced manufacturing output to Rs 10.90 lakh crore (USD 130 billion) by June 2024. This initiative has also resulted in the creation of over 8.5 lakh jobs.
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- PLI Schemes led to Rs 1.32 lakh crore (USD 16 billion) in investments.
- Manufacturing output increased to Rs 10.90 lakh crore (USD 130 billion).
- Over 8.5 lakh jobs created directly and indirectly.
- Scheme introduced in 2020 by the Ministry of Commerce & Industry.
- Significant boost to manufacturing sector noted.
- Investments reflect government support for economic growth.
- Increased employment opportunities across various industries.
- Positive impact on overall economic indicators expected.
- Aims to enhance India’s manufacturing capabilities globally.
- Continues to encourage domestic and foreign investments.
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