India’s Top PSUs 2022

35 Key achievements of the Production Linked Incentive Scheme: In the auto & auto components sector, a total of 95 applicants were approved under the PLI scheme (20 under Champion OEM and 75 under Component champion) with investment outlay of approx. INR 259 billion. The Ministry of Food Processing has approved a total of 149 companies under PLI with total outlay of INR 109 billion. For the chemical sector, four companies were shortlisted under PLI Scheme for Advanced Chemistry Cell Battery Storage. The scheme was oversubscribed by 2.6 times. Being a technology-agnostic designed scheme, the beneficiary firmwas free to choose suitable advanced technology,machinery, raw materials and other intermediate goods for setting up cell manufacturing facility to cater for any application. In the textile sector, a total of 61 applicants were approved under PLI scheme. As women’s involvement is higher in the textiles sector, the initiative is expected to empower women and enhance women involvement in the economy. Additionally, the government has reduced the import duty of cotton to zero. A total of 31 companies (domestic & global) were granted approval in the telecom & networking products. These companies are expected to invest INR 33.4 billion and generate 40 thsd jobs. An incremental production of over INR 1.82 trillion is expected throughout the tenure of the PLI scheme. As of June 2022, total investments in the sector stood at INR 5.6 billion. In the pharma sector, PLI Scheme is focused on Key Starting Materials, Drug Intermediates and Active Pharmaceutical Ingredients. As many as 55 companies have qualified including 20 MSMEs. A total of INR 150 billion is allocated for pharmaceutical manufacturing. Dun & Bradstreet