Government Fast-Tracks Auto PLI Scheme with Rs 75,000 Crore Investment

Union heavy industries minister H D Kumaraswamy announced that the government has received investment proposals worth Rs 75,000 crore under the auto PLI scheme, with Rs 18,000 crore already invested. The scheme has generated around 30,000 jobs and aims to enhance electric mobility infrastructure, integrating it with renewable energy sources.

Union heavy industries minister H D Kumaraswamy revealed that the government has received investment proposals totalling approximately Rs 75,000 crore under the auto PLI scheme, with close to Rs 18,000 crore already invested.

Addressing the 64th Annual SIAM convention, the minister highlighted that the scheme has successfully created around 30,000 jobs across the country. He emphasized the focus on developing charging infrastructure for electric mobility, integrating it with renewable energy sources to maximize environmental benefits.

Kumaraswamy assured continuous government initiatives to foster a more industry-friendly business ecosystem, aiding India's sustainability and growth objectives.

(With inputs from agencies.)