Rs 75k Cr Investment in Auto PLI Scheme: Kumaraswamy
By Rediff Money Desk, New Delhi Sep 10, 2024 18:11
India's auto PLI scheme attracts Rs 75,000 crore investment proposals, with Rs 18,000 crore already invested, creating 30,000 jobs, according to Union Minister H D Kumaraswamy.
New Delhi, Sep 10 (PTI) The government has received investment proposals worth around Rs 75,000 crore under the auto PLI scheme of which close to Rs 18,000 crore has already been invested, Union heavy industries minister H D Kumaraswamy said on Tuesday.
Speaking at the 64th Annual SIAM convention here, the minister said the scheme has helped create around 30,000 jobs in the country.
"Since its launch, the scheme (Auto PLI) has been instrumental in attracting Rs 74,850 crore in proposed investments. Of this Rs 17,896 crore has been actually invested by March 2024," Kumaraswamy said.
He noted that in order to ensure continuous growth in electric mobility, the ministry is now focusing on charging infrastructure.
"While developing the charging infrastructure, we are conscious that integrating this infrastructure with renewable energy sources is essential for maximising the environmental benefits of electric mobility," the minister said.
He noted that the government and the industry need to make dedicated efforts to help India achieve its sustainability goals while maintaining the desired growth path.
"I can assure all of you that the government will continue to take initiatives to make the business ecosystem more industry-friendly," he added.
Speaking at the 64th Annual SIAM convention here, the minister said the scheme has helped create around 30,000 jobs in the country.
"Since its launch, the scheme (Auto PLI) has been instrumental in attracting Rs 74,850 crore in proposed investments. Of this Rs 17,896 crore has been actually invested by March 2024," Kumaraswamy said.
He noted that in order to ensure continuous growth in electric mobility, the ministry is now focusing on charging infrastructure.
"While developing the charging infrastructure, we are conscious that integrating this infrastructure with renewable energy sources is essential for maximising the environmental benefits of electric mobility," the minister said.
He noted that the government and the industry need to make dedicated efforts to help India achieve its sustainability goals while maintaining the desired growth path.
"I can assure all of you that the government will continue to take initiatives to make the business ecosystem more industry-friendly," he added.
Source: PTI
DISCLAIMER - This article is from a syndicated feed. The original source is responsible for accuracy, views & content ownership. Views expressed may not reflect those of rediff.com India Limited.
You May Like To Read
TODAY'S MOST TRADED COMPANIES
- Company Name
- Price
- Volume
- Vodafone Idea L
- 13.53 (+ 2.97)
- 43341950
- GTL Infrastructure
- 2.58 ( -1.15)
- 30948547
- Suzlon Energy Ltd.
- 81.64 ( -0.38)
- 27607750
- Rajnish Wellness
- 3.34 ( -3.19)
- 24697355
- Srestha Finvest
- 1.81 (+ 0.56)
- 22617692
MORE NEWS
![Kerala: Ideal for...](https://im.rediff.com/80-80/money/2023/may/05medical-device.jpg)
Kerala: Ideal for Medical Devices Industry -...
Kerala Minister P Rajeeve highlights the state's conducive ecosystem for the medical...
![Singapore Govt...](https://im.rediff.com/80-80/money/2021/jun/23pnb-housing.jpg)
Singapore Govt Invests in PNB Housing Finance |...
Singapore government, Monetary Authority of Singapore and Goldman Sachs increased their...
![Embraer Eyes...](https://im.rediff.com/80-80/money/2023/jun/05aviation.jpg)
Embraer Eyes Indian Suppliers for Defense,...
Embraer, a Brazilian aircraft maker, is seeking suppliers from India for its defense,...