HE PRODUCTION-LINKED INCENTIVE (PLI) scheme for the automobile and auto components industry was launched with much fanfare in 2021. It was heralded as a transformative initiative to position the country as a global manufacturing hub for advanced automotive technologies. Yet, three years in, the progress remains underwhelming. The recent data from the ministry of heavy industries (MHI) shows that only 12 out of 82 approved applicants have managed to meet the mandated 50% domestic value addition (DVA) target. This means the majority of the players have not qualified for incentives. In this context, the scheme could be revisited to assess whether or not the targets for DVA are realistic or whether the approach should be different altogether.
Diese Geschichte stammt aus der December 30, 2024-Ausgabe von Financial Express Ahmedabad.
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Diese Geschichte stammt aus der December 30, 2024-Ausgabe von Financial Express Ahmedabad.
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emissary he had deployed. Although sceptical, I bounded off to North Block and was ushered in. It was my first official meeting with the FM. I conveyed the request, not a direction, of the prime minister. Dr Singh was puzzled — I could see that on his face — by the message or, perhaps, the messenger. He listened politely and told me that the second step had already been taken within minutes of the markets opening at 10 am.
