Centre approves Rs 26,058 cr PLI scheme for auto, drone sectors

  • It is estimated that over a period of five years, the PLI scheme for the automobile and auto components industry will lead to fresh investment of over Rs 42,500 crore, incremental production of over Rs 2.3 lakh crore and will create additional employment opportunities of over 7.5 lakh jobs, Thakur said.
  • The PLI scheme for automobile and drone industries is part of the overall announcement of PLI schemes for 13 sectors made earlier during the Union Budget 2021-22, with an outlay of Rs 1.97 lakh crore.
  • This PLI scheme for automotive sector along with the already launched PLI scheme for Advanced Chemistry Cell and Faster Adaption of Manufacturing of Electric Vehicles will enable India to leapfrog from traditional fossil fuel-based automobile transportation system to environmentally cleaner, sustainable, advanced and more efficient Electric Vehicles based system.

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