Govt forms panel to examine demands for inclusion of more components in Auto PLI: Minister

The government forms a committee, headed by an Additional Secretary in the Ministry of Heavy Industries, to assess the auto industry's request for expanding the Production Linked Incentive (PLI) scheme. The committee, comprising 11 members, will consider integrating more automotive components into the PLI scheme due to technological advancements. The PLI Scheme for Automobile and Auto Components sees a one-year extension, targeting determined sales over five consecutive financial years (2023-24 to 2027-28), with successful investment of Rs 67,690 crore against the Rs 42,500 crore estimate.

from Auto-Industry-Economic Times https://ift.tt/xfBsn8q