Government Receives Rs 75,000 Crore Investment Proposals Under Auto PLI Scheme

The government has received around Rs 75,000 crore in investment proposals under the auto PLI scheme, with Rs 18,000 crore already invested. This initiative has created 30,000 jobs and aims to develop electric vehicle charging infrastructure, integrating renewable energy sources for environmental benefits.

The government has secured investment proposals worth approximately Rs 75,000 crore under the auto PLI scheme, announced Union Heavy Industries Minister H D Kumaraswamy during the 64th Annual SIAM convention on Tuesday.

So far, Rs 18,000 crore has already been invested, facilitating the creation of 30,000 jobs across the country, according to the minister.

The minister added that the government is focusing on building electric vehicle charging infrastructure and integrating it with renewable energy sources to maximize environmental benefits. Kumaraswamy assured continuous government efforts to create a more industry-friendly business ecosystem.

(With inputs from agencies.)