New Delhi, December 12 (LatestNewsX) – By September of this year, governments had pulled in an investment of ₹2 lakh crore under the production‑linked incentive (PLI) schemes, boosting output or sales by more than ₹18.7 lakh crore and creating over 12.6 lakhs of jobs, both direct and indirect, as revealed in Parliament on Friday.
The PLI programme, rolled out across a range of priority sectors, has significantly strengthened domestic manufacturing capacity, attracted sizable investment and spurred export growth in those sectors.
Jitin Prasada, Minister of State for Commerce and Industry, answered a written question in the Rajya Sabha, noting that the scheme has markedly narrowed the gap between India’s manufacturing capacity and the demand for essential drugs.
Under the PLI Scheme for medical devices, 21 projects have begun production of 54 distinct devices, including high‑end items such as Linear Accelerator (LINAC), MRI, CT‑Scan, Heart Valve, Stent, Dialyser Machine, C‑Arm, Cath Lab, Mammograph and MRI Coils, among others.
India’s global standing in pharmaceuticals has broadened; it now ranks as the third‑largest producer by volume. Exports make up 50 % of production, and the country has cut its import dependency by manufacturing key bulk drugs like Penicillin G.
The minister also highlighted that India’s merchandise exports from April to October 2025 maintained a robust performance amid difficult global conditions. Electronics, for instance, grew strongly by 41.94 %, buoyed by solid demand for smartphones and consumer electronics in major markets such as the United States, the United Kingdom, and China.
Other categories such as agricultural exports—including rice, fruits, spices, coffee, and marine products—also saw steady growth. Pharmaceutical exports rose moderately by 6.46 %, supported by orders from countries like Nigeria and the U.S.
Engineering goods, the largest export segment, posted a 5.35 % increase, helped by larger shipments to Germany, the U.K., and South Africa.
Overall, merchandise exports for the current fiscal year remain ahead of last year, underscoring resilience amid global economic turbulence, geopolitical shifts and softened demand in certain markets.
To date, there is no clear evidence that these export trends are linked to any tariff‑related actions. India’s export sectors continue to show strength and diversity despite challenging external conditions, the minister said.
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