Bharat Express

PLI scheme

India is quietly shifting from back office to global exporter under PM Modi, now delivering high-value products.

The Department of Pharmaceuticals has invited PLI scheme applications to set up manufacturing for 11 products.

Apple’s growing presence in India has created nearly 20,000 jobs so far, thanks to the PLI scheme aimed at boosting local manufacturing.

The Union Cabinet approved a ₹22,919 crore scheme to boost electronics component manufacturing and promote self-reliance in the sector.

India’s electronics exports have seen a significant rise, largely driven by the government’s PLI scheme, according to IESA Chief.

The country's electronics exports are on track to exceed ₹3 lakh crore for the first time in the current fiscal year (FY25).

India now holds a 4% share in global textile and apparel exports, cementing its position among top exporters, the government told Parliament.

The government disbursed Rs 14,020 crore under the PLI scheme, boosting manufacturing and driving Rs 14 lakh crore in sales.

India’s smartphone exports have soared by 54%, crossing Rs 1.75 lakh crore ($21 billion) in the first 11 months of FY2024-25.

India is expected to capture 8-10% of the global semiconductor market by 2030, a move that could generate up to $40 billion in revenue.