In a written reply, Minister of State for Commerce & Industry, Jitin Prasada, informed the Rajya Sabha that incentives worth Rs. 15,554 crores have been provided under the large-scale electronics manufacturing & IT hardware 2.0 schemes. Additionally, a sum of Rs. 2,377.56 crore has been disbursed under the automobiles & auto components sector.
Prasad further highlighted that the PLI schemes have attracted investments worth more than Rs. 2.16 lakh crore so far. Until now, the government has rolled out the PLI scheme for 14 sectors with the aim of strengthening domestic manufacturing and boosting exports.
Providing a sectoral breakdown of funding, the minister informed that Rs 6,022 crore has been disbursed for the pharmaceutical sector, Rs 1,859 crore for telecommunications, and Rs 2,163 crore for food products. Other allocations include Rs 55 crore for bulk drugs, Rs 157 crore for medical devices, Rs 281 crore for white goods, Rs 93 crore for drones, Rs 81 crore for IT hardware, Rs 55 crore for textiles, and Rs 132 crore for speciality steel.
No incentives have been disbursed so far for high-efficiency solar PV modules and advanced chemistry cell (ACC) battery schemes, he added.
Commenting on the dynamics of West Asia and the Gulf countries, the minister highlighted their importance as key markets for Indian agricultural exports. The region, including UAE, Saudi Arabia, Oman, Kuwait, Qatar, Bahrain, as well as Iran, Iraq and Yemen, accounted for exports worth USD 10.68 billion in 2024-25, nearly 20.5 per cent of India’s total agri exports.
These exports span a wide range of products, including cereals, animal products, fruits and vegetables, spices and processed foods sourced from across the country.
Prasada said the government is closely monitoring the evolving geopolitical situation in West Asia and its impact on trade, shipping routes and logistics. Exporters have reported challenges such as higher freight rates, war-risk surcharges, container shortages, shipment delays and port congestion.
By: Shreya Bansal, Sub-Editor
