‘PLI approved is timely, to help revive sectoral growth’

‘PLI approved is timely, to help revive sectoral growth’

The Production Linked Incentive (PLI) Scheme approved by the Cabinet for the automobile industry is both progressive and transformational, and the ₹25,938 crore allocated is the highest of all PLIs announced so far, said sector veterans on Wednesday. The scheme shows the government’s commitment to support the Indian auto industry by incentivising battery electric and hydrogen vehicles and a selected list of auto components, they said.

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