PLI Scheme of Rs 26,000 Crore Approved By Narendra Modi Govt For Auto Sector To Boost Production
Cabinet clears 26,000 crore new scheme for auto sector, to boost production, special focus on electric vehicles
Union Cabinet has cleared Rs 26,000 crore auto PLI scheme for electric vehicles and hydrogen fuel cell vehicles. The scheme will be effective from FY23 for five years.
#Cabinet approves the PLI Scheme for Automobile Industry and Drone Industry with a budgetary outlay of ₹ 26,058 crore.
It will herald a new age in higher technology, more efficient and green automotive manufacturing.#CabinetDecisions #PLI4EV #AutoPLI pic.twitter.com/vAUybMzJQ2
— Jaideep Bhatnagar (@DG_PIB) September 15, 2021
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(The above story first appeared on LatestLY on Sep 15, 2021 03:09 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).
