Government’s approval on Production Linked Incentive (PLI) Scheme for Auto industry

Chennai, Sept 20, 2021: The PLI Scheme was launched by Shri Arun Goel, IAS, Secretary, Ministry of Heavy Industries, Government of India in Chennai. The inaugural ceremony was attended by ACMA & SIAM members. (C) Arun Goel, IAS, Secretary, Ministry of Heavy Industries, Government of India Taking steps forward towards the vision of an ‘ Aatmanirbhar Bharat ’, Government led by Hon’ble Prime Minister, Shri Narendra Modi, has approved the PLI Scheme for Automobile Industry and Drone Industry with a budgetary outlay of ₹ 26,058 crore. The PLI scheme for the auto sector will incentivize high value Advanced Automotive Technology vehicles and products. It will herald a new age in higher technology, more efficient and green automotive manufacturing. PLI Scheme for Automobile Industry and Drone Industry is part of the overall announcement of PLI Schemes for 13 sectors made earlier during the Union Budget 2021-22, with an outlay of ₹ 1.97 lakh crore. With t...