By Startup Story Team
The Indian government is likely to approve multiple projects under the Production-Linked Incentive (PLI) scheme by September 2025, as per recent reports. This move is part of a broader strategy to boost domestic manufacturing, attract investments, and reduce dependency on imports across key sectors.
Push to Expand India’s Manufacturing Base:
The PLI scheme was introduced by the Government of India in 2020 with the aim of making India a global manufacturing hub. By offering performance-based incentives to companies, the government seeks to encourage production and value addition in India, especially in high-priority sectors like electronics, automobiles, textiles, pharmaceuticals, and more.
So far, several rounds of PLI incentives have already been rolled out across 14 sectors, and approvals have been granted to hundreds of companies. Now, the government appears to be gearing up for the next big push under this scheme.
Next Round of Project Approvals by September:
According to sources quoted in media reports, the Department for Promotion of Industry and Internal Trade (DPIIT) is expected to finalize and approve fresh proposals under the PLI scheme by September 2025. These proposals are currently under evaluation, and the government is holding consultations with industry players and other stakeholders.
The goal is to ensure that the selected projects align with India’s long-term economic objectives, especially in terms of technology adoption, employment generation, and global competitiveness.
Sectors Likely to Benefit:
While the government has not officially confirmed which sectors will receive new approvals, industry experts believe that sectors such as semiconductors, electric vehicles (EVs), green energy equipment, and medical devices are among the top contenders. These sectors are crucial for India’s strategic autonomy and also offer high export potential.
For example, with global supply chains shifting post-COVID and increasing geopolitical uncertainties, India is seen as a reliable alternative manufacturing destination. Strengthening these sectors under the PLI framework can further boost investor confidence and create high-value jobs.
Strong Response from Industry:
Companies across various sectors have shown strong interest in the PLI scheme. Many are already expanding their operations or planning new investments in India to take advantage of the incentive structure. Industry insiders suggest that the upcoming round of approvals could unlock thousands of crores in new investments.
A senior government official reportedly stated that the current review process is rigorous, and the focus is on selecting projects that have a clear roadmap for scaling up production and generating tangible outcomes.
What It Means for India’s Growth Story:
The PLI scheme has already proven to be a game-changer for India’s industrial ecosystem. With more than Rs 2.4 lakh crore earmarked under the various PLI initiatives, the scheme is expected to create millions of jobs and significantly improve India’s export performance.
If the new round of project approvals goes through by September, it will mark another milestone in the government’s efforts to build a self-reliant, competitive, and globally integrated manufacturing base.
