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The Centre on Saturday said that a total of 10 companies have moved bids under the production-linked incentive (PLI) scheme for the 'Advanced Chemistry Cell' (ACC) battery storage programme.According to the Ministry of Heavy Industries, the 10 ...
The Centre on Saturday said that a total of 10 companies have moved bids under the production-linked incentive (PLI) scheme for the Advanced Chemistry Cell' (ACC) battery storage programme.
A total 115 firms have applied for Production Linked Incentive (PLI) scheme for auto sector under which the Government of India proposes to provide financial support to boost domestic manufacturing of advanced automotive technology products and attract investments in the automotive manufacturing value chain.
The scheme for the sector was approved with a budgetary outlay of Rs 25,938 crore. It aims at boosting domestic manufacturing of these products.
This scheme will facilitate the automobile Industry to move up the value chain into higher value-added products.