New Delhi: Union Cabinet on Wednesday cleaned the incentive scheme related to Rs 26,000 Crore (PLI) for hydrogen vehicles and electric vehicles and several components, which will also include them for gasoline and diesel fuel machines.
While the overall expenditure has been trimmed, Minister I & B Anurag Thakur said this scheme was the addition of the 18,100 Crore RS scheme for the sophisticated Cell Chemistry Cell and the 10,000 Crore RS allocated for faster adaptation of manufacturing electric vehicles (fame).
In addition, the Secretary of the Heavy Industry Arun Goel said this scheme was formulated based on estimates of industrial costs and was intended to ensure that new products were developed to help jump over the Indian automotive industry.
“This scheme is for the production of new things.
Internal combustion machines are not new but some components such as automatic electronics may be new and they will be eligible for PLI even if they go to ice vehicles.
All schemes are targeted at the product for the future, which costs More expensive than what is available on the market and the government sought support for new things like that, “he said.
Wednesday’s decision was in line with the PLI 2-Lakhcrore PLI scheme which included a number of sectors from electronics to ACS, textiles, and telecommunications equipment.