Poket News

115 companies file applications under PLI Scheme for Automobile & Auto Component Industry

 

  • The Ministry of Heavy Industry said that incentives will be provided under the scheme for the products and components manufactured in the country from 1st April of this year for a period of five consecutive years.
  • The Govt approved the Production Linked Incentive Scheme for Automobile and Auto Components Industry in India for enhancing country’s manufacturing capabilities for advanced automotive products with a budgetary outlay of more than 25,900 crore rupees.