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Government Holds Review Meeting on Production-Linked Incentive Scheme for Auto Sector
The Ministry of Heavy Industries held a review meeting with stakeholders on the Production-Linked Incentive (PLI) scheme for the automotive sector on August 29. The meeting, chaired by Minister Mahendra Nath Pandey, concluded with the approval of several suggestions. The ministry also announced the extension of the PLI scheme from the financial year 2026-27 to 2027-28.
According to a PTI report, the ministry has accepted the suggestion of opening additional agencies for testing the ‘local growth’ in the PLI approval process to expedite it. Currently, there are only two agencies that conduct the ‘DVIA’ testing with parts fulfilling 50% localization at a minimum cost of localization. This number will increase to four agencies in the future. MHAI has also accepted the suggestion of providing quarterly subsidy process by the Automotive Component Manufacturers Association of India (ACMA).
The review meeting was attended by major companies in the automotive sector such as Tata Motors, Mahindra & Mahindra, Ola Electric, Ashok Leyland, Hyundai Motor, Bosch, and Toyota Kirloskar Auto Parts, along with representatives from MHAI, NITI Aayog, ARAI, ICAT, GARC, SIAM, and NATRAX. The officials from ACMA and NATRAX also participated. The Indian government aims to make the Indian automotive industry the third-largest in the world by 2030, and the PLI scheme will play a crucial role in this process.
Summary:
- The Ministry of Heavy Industries held a review meeting on the Production-Linked Incentive (PLI) scheme for the automotive sector.
- The ministry approved several suggestions, and the PLI scheme has been extended until the financial year 2027-28.
- The ministry accepted the suggestion of opening additional agencies for testing the ‘local growth’ in the PLI approval process.
- The meeting was attended by major automotive companies and representatives from various government bodies.
खबर हिंदी में भी समझिए
भारी उद्योग मंत्रालय ने 29 अगस्त को ऑटोमोटिव क्षेत्र के लिए उत्पादन आधारित प्रोत्साहन (पीएलआई) योजना पर हितधारकों के साथ एक समीक्षा बैठक की। इस बैठक में पीएलआई अनुमोदन प्रक्रिया में तेजी लाने के लिए अतिरिक्त एजेंसियों के सुझावों को स्वीकार किया गया। वर्तमान में केवल दो एजेंसियां हैं जो पीएलआई मानदंडों को पूरा करने के लिए 50 प्रतिशत स्थानीयकरण के न्यूनतम मूल्य को पूरा करने वाले भागों के साथ ‘डीवीए’ परीक्षण करती हैं। भारत सरकार 2030 तक भारतीय ऑटो उद्योग को दुनिया में तीसरा सबसे बड़ा बनाना चाहती है और इस प्रक्रिया में पीएलआई योजना एक महत्वपूर्ण भूमिका निभाएगी।
