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PLI Scheme Transforms India from Net Importer to Net Exporter of Bulk Drugs in Just Three Years

PLI Scheme Transforms India from Net Importer to Net Exporter of Bulk Drugs in Just Three Years

India is rapidly transforming into a global export hub, supported by a series of government-led initiatives such as the Production Linked Incentive (PLI) schemes, logistics reforms, and district export hubs.  These initiatives have led to a decline in dependency on imports and boosted exports in several sectors, said Minister of State for Commerce and Industry Jitin Prasada informed the Lok Sabha in a written reply.

Citing the success of the pharmaceuticals sector, Prasada said cumulative sales under the PLI scheme have reached INR 2.66 lakh crore, including exports worth INR 1.70 lakh crore in the first three years alone.

The scheme has also helped India shift from being a net importer of bulk drugs (a deficit of INR 1,930 crore in FY 2021-22) to a net exporter (INR 2,280 crore), while significantly reducing the gap between domestic manufacturing capacity and the demand for critical drugs.

In medical devices, 21 projects have started manufacturing 54 unique products, including high-end equipment such as Linear Accelerator (LINAC), MRI, CT-Scan, heart valve, stent, dialyzer machine, C-arm, cath lab, mammograph, MRI Coils, under the PLI scheme.  

To strengthen domestic manufacturing and export capabilities, the PLI schemes were implemented across 14 key sectors, including electronics, IT hardware, pharmaceuticals, bulk drugs, high-efficiency solar PV modules, automobiles and auto components, white goods, telecom and networking products.

These schemes have incentivized domestic manufacturing, leading to increased production, job creation, and a boost in exports. They have also attracted significant investments from both domestic and foreign players. 

To enhance the efficiency of logistics and reduce associated costs across the country, the government has launched initiatives such as the National Logistics Policy (NLP) and PM Gati Shakti, which are designed to streamline the movement of goods and people by addressing bottlenecks, improving coordination among various stakeholders, and leveraging technology for smarter logistics management.

Complementing these efforts is the National Industrial Corridor Development Programme (NICDP), which is aimed at establishing globally competitive manufacturing hubs with robust connectivity to domestic and international markets. These corridors are envisioned to catalyse industrial growth, attract investments, generate employment, and position India as a key player in global supply chains. Moreover, technology tools like Logistics Data Bank have improved transparency and efficiency.

“Together, these initiatives represent a strategic vision to modernize India’s logistics ecosystem and industrial base, fostering long-term economic growth and global competitiveness,” the Minister stated.

At the grassroots level, initiatives such as Districts as Export Hubs (DEH) and E-Commerce Export Hubs (ECEHs) are enabling SMEs, including start-ups, to compete globally through reduced costs and simplified regulations.

The government is also focusing on expanding global market access through Free Trade Agreements (FTAs). Notably, India signed the Comprehensive Economic and Trade Agreement (CETA) with the United Kingdom on July 24, 2025, marking a major milestone in bilateral trade relations. Meanwhile, negotiations with the European Union for a comprehensive FTA are underway and are expected to conclude by the end of the year.

More news about: manufacturing | Published by Dineshwori | August - 20 - 2025 | 337

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