PIB | 27 Apr, 2023
Ministry of Heavy Industries here today announced the release of SOPs
under the PLI Auto scheme to testing agencies.
With this, the applicants
under the scheme can now submit their applications for the testing and
certification of AAT products (both OEMs and components), which will
help them qualify for incentives under the PLI Auto scheme.
this move, the Union Minister of Heavy Industries, Mahendra Nath
Pandey, said that the Ministry is trying to align itself with the Prime
Minister's vision of Aatmanirbhar Bharat, and these SOPs will not only
help to achieve that but will also help to increase the manufacturing
foothold. With this, the ministry aims to boost the domestic
manufacturing sector and reduce dependence on imports, thereby creating
more job opportunities for Indians.
The government is committed to
promoting skill development and entrepreneurship in the country, and
this initiative will help in achieving that goal. He also added that it
would contribute to the overall economic growth of the nation.
scheme is expected to attract significant investments and help India
become a global hub for automobile manufacturing.
Ministry of Heavy Industries (MHI) notified the Production Linked
Incentive (PLI) Scheme for Automobile and Auto Component Industry in
India (PLI-AUTO Scheme or the Scheme) on September 23, 2021, with a
budgetary outlay of 25,938 crores.
The PLI-Auto Scheme proposes
financial incentives to boost domestic manufacturing of advanced
automotive technology (AAT) products and attract investments in the
automotive manufacturing value chain. The scheme has two parts: Champion
OEM, which will make electric or hydrogen-powered vehicles, and
Component Champions, which will make high-value and high-tech
key objectives of the Production Linked Incentive (PLI) Scheme for
Automobiles and Auto Components are to provide financial incentives to
boost domestic manufacturing of advanced automotive technology products
and attract investments in the automotive manufacturing value chain.