No. PR- 102
September 15, 2021
Government approved around Rs 26,000-Cr PLI Scheme for Auto Sector, Drone
The announcement made by the government under production-linked incentive (PLI) scheme for automobile and auto component is a great step forward for promoting the sector. This would expand India’s domestic manufacturing capacity and export growth trajectory. The scheme will now provide a greater emphasis on technologically innovative auto components, such as automatic transmission, sensors, tyre pressure monitoring systems, battery electric vehicles, and hydrogen cells, among others, which will help exporters, become more integrated into global value chains.
It would also encourage businesses to invest in cutting-edge technologies and products that will help India gain a foothold in the global marketplace. Further, this scheme will improve the sector’s competitiveness and propel it to the next level of development, said Sanjay Aggarwal, President, PHDCCI.
PHD Chamber of Commerce and Industry