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Tamil Nadu, Gujarat and Karnataka to get lion’s share of PLI investments
Infrastructure - Sep 01,2023 -The Union government's Production Linked Incentive (PLI) Scheme, which is quickly growing to support local manufacturing, is expected to benefit three states more than others.
A careful examination of the scheme, which spans nine major sectors out of fourteen, reveals that Gujarat, Karnataka, and Tamil Nadu will be the primary beneficiaries.
As per a research report from CRISIL Market Intelligence and Analysis (MI&A), the nine major sectors under the PLI Scheme—ACC Battery, Solar PV, Textiles, Mobiles, Food Processing, Telecom, White Goods, IT Hardware and Medical Devices—are expected to attract investments worth Rs 1.28 lakh crore.
Out of these, Tamil Nadu is expected to get a third of the investments, i.e., over Rs 42,000 crore. While Gujarat is expected to bag private capex of close to Rs 36,000 crore or 28 per cent of the amount.
Karnataka that have already attracted investments from global electronics manufacturers like Wistron, is expected to get 11 per cent or Rs 14,000 crore. While all other Indian states - some 25 in total - would together get only 28 per cent or Rs 36,000 crore worth of investments from these 9 sectoral PLIs.
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