PLI schemes attract ₹2.4 lakh crore investments, create over 14 lakh jobs till March 2026

The government's Production Linked Incentive (PLI) schemes have attracted actual investments of more than ₹2.40 lakh crore and generated over 14.15 lakh direct and indirect jobs till March 31, 2026, the Centre informed Parliament on Tuesday.

The schemes have also enabled exports worth more than ₹15.2 lakh crore since their launch, reflecting India's growing integration with global value chains, Minister of State for Commerce and Industry Jitin Prasada said in a written reply to the Lok Sabha.

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"As on March 31, 2026, under the PLI Schemes resulted actual investment of over ₹2.40 lakh crore and employment generation of over 14.15 lakh (direct and indirect)," the minister said.

Among sectors, high-efficiency solar PV modules attracted the highest investment at ₹64,873 crore, followed by pharmaceuticals at ₹45,158 crore, automobiles and auto components at ₹44,326 crore, speciality steel at ₹23,896 crore, and large-scale electronics manufacturing at ₹20,580 crore.

The government has rolled out PLI schemes across 14 sectors to boost domestic manufacturing, attract investments, strengthen exports and reduce import dependence in key industries.

₹650 crore disbursed under Startup India Seed Fund Scheme

In a separate reply, Prasada said that as of June 30, 2026, the government had selected 219 operational incubators under the Startup India Seed Fund Scheme.

The scheme has approved total funding of ₹945 crore, of which ₹650 crore has already been disbursed to incubators.

Indian firms invested $15.9 billion in the US over five years

Replying to another question, the minister said Indian companies invested $15.9 billion in the United States between 2021 and 2026.

Outward investment stood at more than $4 billion in 2025-26, compared with $3.44 billion in 2024-25.

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Single-brand retail FDI declines

On foreign direct investment (FDI) in retail, the minister reiterated that 100% FDI is permitted under the automatic route in single-brand retail trading, while 51% FDI is allowed under the government approval route in multi-brand retail trading, subject to specified conditions.

According to the government, cumulative FDI inflows into single-brand retail stood at $1.53 billion between April 2021 and March 2026. However, annual inflows declined to $179.25 million in 2025-26 from $486.66 million in 2021-22.

Cumulative FDI inflows into multi-brand retail during the same period stood at $34.38 million, while annual investments increased to $9.7 million in 2025-26 from $7.47 million in 2021-22.

(With inputs from PTI)