Indian government clears USD3.54 billion production-linked incentive scheme for auto industry
The Indian government estimates new PLI scheme for auto industry will drive new investments of over USD5.78 billion over next five years
Indian government has on 15 September approved a production-linked incentive (PLI) scheme with an outlay of about USD3.54 billion (INR 260 billion) to encourage domestic manufacturing capabilities of the automobile industry with a focus on futuristic technologies involving electric and hydrogen fuel cell vehicles.
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