People Supply Chain Innovation for PLI-approved Sectors

Introducing our latest report on ‘People Supply Chain Innovation for PLI-approved sectors’

Since its introduction, the Production Linked Incentive (PLI) scheme has provided employment for about 6.89 lakh individuals & garnered over INR 1 lakh crore in investments.

With an expected increase in employment opportunities and the adoption of advanced technologies, PLI-approved industries have the need to adopt workforce development strategies such as work-based learning and build a talent pipeline to meet the future demand.

Key Insights from the Whitepaper

• 51% employers believe that PLI scheme directly supports business growth
• Drastic reduction in imports. From 75% in FY18 to 4% in FY23
• 60% employers foresee an increased hiring in the next two years
• 2 out of 3 employers foresee net incremental growth in employment
• 70% increase in PLI-driven Hiring in the White Goods and Pharmaceutical Sectors
• Growing hiring costs & the burgeoning skills gap challenge employers in securing the right talent

Work-based learning programs are the ideal bridge between education & formal employment and have multiple two-sided benefits for the businesses & for our youth

Download the Whitepaper for more insights on the PLI-led employment opportunities and how skill development programs like apprenticeships can help the industries meet the future demand