Business Other News 15 Sep 2021 Govt approves Rs 26, ...

Govt approves Rs 26,058 cr PLI scheme for auto, drone sectors

PTI
Published Sep 15, 2021, 4:16 pm IST
Updated Sep 15, 2021, 4:46 pm IST
The PLI scheme will incentivize the emergence of advanced automotive technologies' global supply chain in India
Union Minister Anurag Thakur. (Photo: File | PTI)
 Union Minister Anurag Thakur. (Photo: File | PTI)

New Delhi: The Union Cabinet on Wednesday approved a Rs 26,058 crore production linked incentive (PLI) scheme for auto, auto-components and drone industry to enhance India's manufacturing capabilities, Union Minister Anurag Thakur said on Wednesday.

The PLI scheme will incentivize the emergence of advanced automotive technologies' global supply chain in India.

 

It would help create additional employment of over 7.6 lakh people.

Incentives worth Rs 26,058 crore will be provided to industry over five years, the minister told reporters after the Cabinet meeting.

The PLI scheme will bring fresh investments of over Rs 42,500 crore in five years and incremental production of over Rs 2.3 lakh crore, he said.

...
Location: India, Delhi, New Delhi




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