New Delhi, February 20, 2026 — India’s strategic push to become a global manufacturing powerhouse is yielding massive dividends. According to the latest data released by the government, the ₹1.91 Lakh Crore Production Linked Incentive (PLI) Scheme has fundamentally reshaped the country’s industrial landscape, driving unprecedented investment, export growth, and job creation across 14 key sectors.
With 836 applications officially approved, the scheme has demonstrated robust industry adoption and triggered a dramatic shift toward domestic self-reliance.
The most striking success story of the PLI initiative lies in the electronics manufacturing ecosystem. The Ministry confirmed that mobile phone imports have crashed by nearly 77% since FY 2020–21. Today, an astonishing over 99% of India’s domestic mobile phone demand is met through local production.
Furthermore, the industry has evolved far beyond basic assembly. Manufacturers in India are now producing critical components like printed circuit board assemblies, batteries, camera modules, and enclosures, enabling deeper integration into global tech value chains.
The PLI scheme has also triggered a critical shift in the healthcare sector:
First-Time Manufacturing: India has commenced the domestic manufacturing of 191 bulk drugs for the first time, leading to import substitution worth approximately ₹1,785 crore.
Value Addition: Domestic value addition in pharma has surged to 83.7%, strengthening the nation’s supply chain resilience with indigenous development of biosimilars and new chemical entities.
Medical Devices: High-tech implants, imaging systems, and diagnostic equipment are now being manufactured locally, reducing reliance on expensive imports.
Beyond consumer electronics and health, the PLI initiative is powering next-generation infrastructure:
Telecom Exports Surge: Sales of telecom and networking products have skyrocketed more than six-fold compared to the FY 2019-20 base year, with exports crossing ₹21,033 crore. A major milestone includes BSNL’s deployment of India’s indigenous end-to-end 4G technology stack.
Renewable Energy: The scheme targets a massive 48 GW of fully integrated solar PV manufacturing capacity, drawing investment commitments of nearly ₹52,942 crore to secure India’s green energy future.
Other key sectors, including automotive (with reported sales of ₹32,879 crore in FY 2025–26), food processing, and white goods, are also reporting accelerated growth and localization of critical components.
The comprehensive data reflects sustained momentum, firmly positioning India as a resilient and highly competitive hub for global manufacturing.
Source: Press Release:Press Information Bureau