HomeBusinessGovt approves Rs 26,058 cr PLI scheme for auto, drone...

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

New Delhi: The Union Cupboard on Wednesday accepted a Rs 26,058 crore manufacturing linked incentive (PLI) scheme for auto, auto-components and drone business to boost India’s manufacturing capabilities, Union Minister Anurag Thakur mentioned on Wednesday.

The PLI scheme will incentivize the emergence of superior automotive applied sciences’ international provide chain in India.

 

It might assist create further employment of over 7.6 lakh individuals.

Incentives value Rs 26,058 crore will probably be supplied to business over 5 years, the minister advised reporters after the Cupboard assembly.

The PLI scheme will carry recent investments of over Rs 42,500 crore in 5 years and incremental manufacturing of over Rs 2.3 lakh crore, he mentioned.

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