Around 50 per cent of this deployed capex has come from sectors like solar PV modules, speciality steel, automobile and auto components.
Chennai: By the end of FY25, the manufacturers availing Production-Linked Incentive (PLI) scheme and Design-Linked Incentive (DLI) scheme would have deployed Rs 1.8 lakh crore of capex. The scheme has generated direct and indirect employment for 9.5 lakh individuals.
Of the total expected capex of around Rs 4 lakh crore to be incurred by corporates, Rs 1.5 lakh crore has been invested as of August 2024. ICRA expects that by March 2025, this will go up to Rs 1.8 lakh crore or 45 per cent of the total estimated capex for the scheme.
Around 50 per cent of this deployed capex has come from sectors like solar PV modules, speciality steel, automobile and auto components. Due to high capex requirements and long gestation periods, they are expected to start major commercial production from FY26.
The current capex deployment has led to incremental sales of around Rs 12.5 lakh crore as of August 2024, which is 30-35 per cent of the total incremental sales of Rs 35 -40 lakh crore anticipated from the incentive-linked scheme.
As of August, exports have surpassed Rs 4 lakh crore with significant contributions from sectors such as large-scale electronics manufacturing, pharmaceuticals, food processing, and telecom and networking products.
The scheme has generated direct and indirect employment for 9.5 lakh individuals. Local production of raw materials for processed food has generated additional off-farm employment opportunities, which has resulted in employment for 2.9 lakh people, accounting for 30 per cent of the total employment generated from the PLI scheme.
By FY25, 11 per cent of the capital outlay by the government or Rs 32,600 crore is expected to be utilised. This could go up to 16 per cent or Rs 49,000 crore by FY26.
