Dr. Mahendra Nath Pandey chairs Review meeting under PLI Auto scheme
Ministry of Heavy Industries (MHI) organised a meeting for “Review of PLI-AUTO Scheme” under the Chairmanship of Union Minister for Heavy Industries Dr. Mahendra Nath Pandey, here today. The objective of the meeting was to ascertain the problem or difficulties faced by OEMs and component companies under the PLI-AUTO scheme. Industry leaders were encouraged to come forward and share their problems and views. The meeting was organised in line with the vision of the Prime Minister, Shri Narendra Modi, to make India a global hub for manufacturing. Minister of State for Heavy Industries, Shri Krishan Pal Gurjar, Secretary, MHI, Shri Kamran Rizvi, Addl. Secretary, MHI and other senior officials were present in the meeting.
The event witnessed participation from approved applicants under the scheme, officials from MHI, NITI Aayog, IFCI (Project Management Agency for the Scheme), Testing Agencies of MHI viz. ARAI, ICAT, GARC & NATRAX, Automobile Associations viz. SIAM & ACMA and media professionals.
MHI has taken various initiatives to promote Cleaner Mobility and to develop an ecosystem of Innovation and Technology. The Production Linked Incentive Scheme for Automobile and Auto Component Industry (PLI-AUTO) with an outlay of ₹25,938 crore is a key initiative to drive the supply chain of Advanced Automotive Technology (AAT) products.
Delivering the keynote address at the event, Dr. Pandey called for industry’s feedback and collaborative engagement to shape the policies, procedures and effectiveness of the PLI scheme. He said that the government is committed to fostering a conducive business environment and accelerating growth in the Indian Automotive sector.
The Minister mentioned that the PLI-AUTO scheme incentivizes only those eligible AAT products for which minimum 50% Domestic Value Addition (DVA) is achieved and has been certified by Testing Agencies (TAs) of MHI. This criterion shall reduce imports, facilitate deep localization for AAT products and enable creation of domestic as well as global supply chain.
