Cabinet approves ₹26,058 crore PLI scheme for auto, drone sectors
The Hindu
The Union Cabinet on Wednesday approved a ₹26,058 crore production-linked incentive (PLI) scheme for auto, auto-components and drone industry to enhance India’s manufacturing capabilities, Union Minis
The Union Cabinet on Wednesday approved a ₹26,058 crore production-linked incentive (PLI) scheme for auto, auto-components and drone industry to enhance India’s manufacturing capabilities, Union Minister Anurag Thakur said on Wednesday.
The PLI scheme will incentivise the emergence of advanced automotive technologies' global supply chain in India. It would help create additional employment of over 7.6 lakh people.
Incentives worth ₹26,058 crore will be provided to industry over five years, the minister told reporters after the Cabinet meeting.
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