Centre notifies Production Linked Incentive Scheme for automobile & auto components
- The scheme will be implemented over a period of 5 years starting from financial year 2022 to 2023.
- It is estimated that the scheme will help create additional employment of over 7.5 lakh jobs in the auto sector.
- It will also attract fresh investments of over 42,500 crore rupees in five years.
- The government has recently approved the PLI Scheme for the automobile and auto component industry.