FDI inflows in the manufacturing sector increased almost 69% and reached $165.1 billion in last 10 years (2014-24).
FDI inflows in the manufacturing sector was $97.7 billion in the 2004-14 period.
FDI inflow of $383.5 billion came during 2019-20 to 2023-24 alone.
This inflow was mainly driven by production-linked incentive (PLI) schemes.
According to the latest government data, 755 applications for PLI schemes have been granted in 14 key areas.
Up till March, investments totalling Rs 1.23 lakh crore were achieved, creating about 8 lakh jobs.
An outlay of Rs 1.97 lakh crore was announced for the PLI initiatives covering 14 important sectors.
The PLI programs are designed to draw capital into key sectors.
The production of mobile phones and certain electronic components, pharmaceuticals and their ingredients, medical services, autos and auto parts, steel, telecommunications, textiles, food, and other items are among the key sectors.
