Their scepticism comes even as the ministry of heavy industries (MHI) is keen to start disbursing incentives under the ₹45,000 crore scheme on a quarterly basis.
So far, only two applicants to the OEM (original equipment manufacturer) PLI scheme Mahindra & Mahindra and Tata Motors have been able to submit domestic value addition (DVA) documents.
M&M is already approved for DVA and Tata Motors is likely to receive DVA certification in a week.
There is lack of clarity on the procedures to claim incentives, with the industry holding discussions with the government on the matter.
Meanwhile, industry body PHD Chamber of Commerce has sent a representation to the MHI, seeking an extension of the timelines that qualifying applicants have been given to submit their DVA certification.
Esta historia es de la edición August 08, 2023 de Mint Mumbai.
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