The Production Linked Incentive, PLI, schemes have led to a significant increase in production, employment generation, economic  growth and exports in the country. This was stated by Secretary of the Department for Promotion of Industry and Internal Trade, DPIIT, Rajesh Kumar Singh while addressing a press conference in New Delhi yesterday.

He said, due to PLI Schemes, there was a significant increase of 76 percent in Foreign Direct Investment, FDI, in the Manufacturing sector in financial year 2021-22 of worth 21.34 billion dollars compared to previous financial year which was 12.09 billion dollars.

Sectors for which PLI schemes exist and have seen a significant increase in FDI inflows from the financial year 2021-22 to the financial year 2022-23 are Drugs and Pharmaceuticals Food Processing Industries and Medical Appliances.