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Post Tagged with: "PLI"

Component Champions Incentive Scheme

Component Champions Incentive Scheme

In line with the Union Budget 2021-22 announcement, the Government of India approved the PLI scheme for the automobile and auto components industry. Ashish Bhatia visits the fine print to gauge the industry sentiment. In the Union Budget 2021-2022, under the Production Linked Incentive (PLI) scheme, Rs.1.97 Lakh crore was allocated for creating “global manufacturing champions” across 13 sectors including[Read More…]

by — October 10, 2021 — Cover Story
Cabinet approved around Rs 26,000 crore PLI Scheme for Auto Sector

Cabinet approved around Rs 26,000 crore PLI Scheme for Auto Sector

The cabinet approved Rs 26,058 crore PLI scheme for auto, auto-components and drone industry.  The government reduced the outlay for this PLI scheme to Rs 25,929 crore from Rs 57,042 crore announced in November last year. Speaking of the decisions taken on the auto sector, Anurag Thakur said that the incentives worth Rs 26,058 crore will be provided to the[Read More…]

by — September 15, 2021 — Newscast