New Delhi: The Ministry of Heavy Industries has announced the release of Standard Operating Procedures under the Production Linked Incentive Auto scheme to testing agencies. With this, applicants under the scheme can now submit their applications for the testing and certification of Advanced Automotive Technology (AAT) products (both and components).

This will help them qualify for incentives under the PLI Auto scheme.

Minister Mahendra Nath Pandey said the ministry is trying to align itself with the Prime Minister’s vision of Aatmanirbhar Bharat, and these SOPs will not only help to achieve that but will also help to increase the manufacturing foothold.
With this, the ministry aims to boost the domestic manufacturing sector and reduce dependence on imports, thereby creating more job opportunities for Indians. The government is committed to promoting skill development and entrepreneurship in the country, and this initiative will help in achieving that goal.

Pandey added that it would contribute to the overall economic growth of the nation. The scheme is expected to attract significant investments and help India become a global hub for automobile manufacturing.

The Ministry of Heavy Industries (MHI) notified the Production Linked Incentive (PLI) Scheme for Automobile and Auto Component Industry in India (PLI-AUTO Scheme or the Scheme) on September 23, 2021, with a budgetary outlay of Rs 25,938 crore.

The key objectives of the PLI scheme are to provide financial incentives to boost domestic manufacturing of advanced automotive technology products and attract investments in the automotive manufacturing value chain.

Its prime objectives include overcoming cost disabilities, creating economies of scale, and building a robust supply chain in areas of advanced automotive technology products.

The scheme also aims to generate employment in the country.

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