New Delhi: The Union ministry of heavy industries, which implements the government’s production-linked incentive (PLI) scheme for advanced automotive technologies, is aiming for all the 85 applicants to receive the approval certification against the scheme’s domestic value-addition (DVA) criteria by July 2024, its secretary Kamran Rizvi said. “We are confident our PLI scheme will clear …
New Delhi: The government may consider introducing a production linked incentive (PLI)-like scheme for heavy earth moving machinery (HEMM) and underground mining equipment. A high-level committee has recommended a five-year incentive scheme to boost domestic manufacturing of this equipment which is largely being imported. New Delhi: The government may consider introducing a production linked incentive …
Image Source : PTI/REPRESENTATIVE The Indian government dismisses separate policy for Tesla incentives According to a government official, the Indian government is not currently considering a separate policy for providing incentives to Tesla, the US-based electric car manufacturer. Instead, Tesla can apply for support measures under existing schemes such as the Production-Linked Incentive (PLI) for …