Government Secures ?75,000 Crore Investment Under Auto PLI

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The government has received investment proposals totaling around ?75,000 crore under the Production-Linked Incentive (PLI) scheme for the automobile sector, of which nearly ?18,000 crore has already been invested, according to Union Heavy Industries Minister H D Kumaraswamy. Speaking at the 64th Annual SIAM Convention, Kumaraswamy highlighted that the scheme has helped generate approximately 30,000 jobs in the country. “Since its launch, the scheme has attracted ?74,850 crore in proposed investments, with ?17,896 crore actually invested by March 2024,” he stated. The minister also emphasized the government’s focus on enhancing charging infrastructure to support the growth of electric mobility.

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Note: The above-mentioned news was first published by us in our ProjectX India | 15th September 2024 edition.. Do you want to buy this issue or our latest issue? If yes! click here

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