Indian automobile industry will have the highest contribution to the country’s rise as the third largest economy, Heavy Industries Minister Mahendra Nath Pandey said Tuesday. Speaking at the auto Production Linked Incentive (PLI) conclave in New Delhi, he said, “India is today the fifth largest economy in the world and soon India will be the … Read more
The Ministry ofHeavy Industries on Monday issued a Gazette notification to extend the tenure of Production Linked Incentive (PLI) Scheme for Automobile and Auto Components by one year with partial amendments to provide clarity and flexibility to the scheme. “This decision has been made after receiving the approval of the Empowered Group of Secretaries (EGoS),” … Read more
The centre has extended the Production Linked Incentive (PLI) Scheme for Automobile and Auto Components by a year. A statement from the Ministry of Heavy Industries (MHI) said this decision has been made after receiving the approval of the Empowered Group of Secretaries (EGoS). These amendments aim to provide clarity and flexibility to the scheme. … Read more
