The investment is expected to create 200,000 jobs in sectors such as semiconductors, solar modules and pharmaceutical intermediates.
Rating agency ICRA expects that in the near to medium term, private capital expenditure will be driven by a general increase in macroeconomic activity as well as a number of supportive policy measures such as PLI schemes.
ICRA expects select sectors such as metals, specialty chemicals and automotive to experience strong growth in capital expenditure due to expansion plans and strong demand.
"Similarly, regulatory pressure for a greener environment will encourage investment in related infrastructure," the agency said.
The 14 sectors for PLI scheme include mobile manufacturing and specified electronic components, pharmaceutical intermediates and active pharmaceutical ingredients, medical services manufacturing, automobile and auto components, telecom and networking products, electronic/technology products and high efficiency solar PV modules etc. .According to the government, it aims to attract investment in key sectors and cutting-edge technology; To ensure efficiency and bring economies of size and scale in the manufacturing sector and make Indian companies and manufacturers globally competitive.
Union Commerce and Industry Minister, Piyush Goyal has told officials of his ministry that the government needs to build on the success of past initiatives such as PLI schemes and recent foreign trade agreements (FTAs) to boost domestic manufacturing and exports. So that more and more jobs are created in the country.
The Minister said that PLI schemes should be utilized to their full potential to boost exports and domestic production.
When it comes to large-scale local mobile manufacturing, Apple is a shining example.
The tech giant ended FY24 in India with total iPhone production worth nearly $14 billion (over Rs 1 lakh crore).Industry data shows that Apple has managed to export iPhones worth more than Rs 16,500 crore (about $2 billion) in the first two months of the current financial year (FY25).
Rating agency ICRA expects that in the near to medium term, private capital expenditure will be driven by a general increase in macroeconomic activity as well as a number of supportive policy measures such as PLI schemes.
ICRA expects select sectors such as metals, specialty chemicals and automotive to experience strong growth in capital expenditure due to expansion plans and strong demand.
"Similarly, regulatory pressure for a greener environment will encourage investment in related infrastructure," the agency said.
The 14 sectors for PLI scheme include mobile manufacturing and specified electronic components, pharmaceutical intermediates and active pharmaceutical ingredients, medical services manufacturing, automobile and auto components, telecom and networking products, electronic/technology products and high efficiency solar PV modules etc. .According to the government, it aims to attract investment in key sectors and cutting-edge technology; To ensure efficiency and bring economies of size and scale in the manufacturing sector and make Indian companies and manufacturers globally competitive.
Union Commerce and Industry Minister, Piyush Goyal has told officials of his ministry that the government needs to build on the success of past initiatives such as PLI schemes and recent foreign trade agreements (FTAs) to boost domestic manufacturing and exports. So that more and more jobs are created in the country.
The Minister said that PLI schemes should be utilized to their full potential to boost exports and domestic production.
When it comes to large-scale local mobile manufacturing, Apple is a shining example.
The tech giant ended FY24 in India with total iPhone production worth nearly $14 billion (over Rs 1 lakh crore).Industry data shows that Apple has managed to export iPhones worth more than Rs 16,500 crore (about $2 billion) in the first two months of the current financial year (FY25).
