The Centre today approved a production-linked incentive (PLI) scheme worth Rs 26,058 crore for auto, auto-components (Rs 25,938 crore) and drone (Rs 120 crore) industries to enhance India’s manufacturing capabilities.
An official said the auto sector scheme would focus on promoting the manufacturing of advanced automotive technology products like electric and hydrogen-fuel vehicles, while excluding conventional petrol, diesel and CNG segments that are based on internal combustion engine. The PLI scheme for drones and drone component industry aims to address the strategic, tactical and operational uses of this revolutionary technology in the next three years with an outlay of Rs 120 crore. Union Minister Anurag Thakur said incentives worth Rs 25,938 crore would be provided to the industry over five years and it was expected that the automobile and auto-components industry would see fresh investment of over Rs 42,500 crore, incremental production of over Rs 2.3 lakh crore and would create over 7.5 lakh jobs. — TNS
