Govt nods Rs 26,058 cr PLI scheme for automobile and drone industry

16 Sep 2021 CW Team

The centre has approved a budget of Rs 26,058 crore PLI scheme for the automobile industry and drone industry as a part of its Atmanirbhar Bharat initiative.

The PLI Scheme for Automobile Industry and Drone Industry is a part of the overall declaration of PLI Schemes for 13 sectors made earlier during the union budget 2021-22, with an outlay of Rs 1.97 lakh crore.

With the declaration of PLI Schemes for 13 sectors, the minimum additional production in India is likely to be nearly Rs 37.5 lakh crore over five years, and the minimum expected additional employment over five years is about one crore.

It is estimated that in five years, the PLI Scheme for automobile and auto components Industry would result in a fresh investment of more than Rs 42,500 crore, incremental production of more than Rs 2.3 lakh crore.

The PLI Scheme for the auto sector is open to existing automotive firms and new investors who are presently not in the automobile or auto component manufacturing business. The scheme has two elements -Component Champion Incentive Scheme and Champion OEM Incentive Scheme.

This PLI Scheme for the automotive sector, along with the already started PLI scheme for Advanced Chemistry Cell (ACC) and Faster Adoption of Manufacturing of Electric Vehicles (FAME), will allow India to switch from conventional fossil fuel-based automobile transportation system to environmentally cleaner, sustainable, advanced and more effective Electric Vehicles (EV) based system.

The PLI Scheme for the drones and drone elements industry approaches the tactical, strategic and operational applications of this revolutionary technology.

Image Source

Also read: PLI scheme for solar PV to attract Rs 14k cr investment

Infrastructure Urban

09 Jan 2026

Titan Intech Strengthens UltraLED Push With Global LED Veteran

Titan Intech has announced the induction of global LED industry veteran Su Piow Ko to its Board of Directors, marking a strategic step in strengthening its UltraLED Displays roadmap and building globally competitive LED display solutions from India.The appointment aligns with Titan Intech’s ambition to position India as a hub for advanced, high-quality LED display manufacturing. With an increased focus on UltraLED Displays, the company aims to enhance technical governance, raise manufacturing standards and expand its presence across global markets.Su Piow Ko brings over three decades of inte..

Dun & Bradstreet Flags New Growth Engines in India 2026 Outlook

Dun & Bradstreet has released its India 2026: D&B’s Perspective report, projecting a stable macroeconomic environment underpinned by fresh opportunities for productivity-led and inclusive growth. The report outlines how India’s next growth phase will be driven by digitised logistics, trusted data ecosystems, clean energy and rising city vitality.According to the outlook, India’s GDP growth is expected to reach around 6.6 per cent by FY2027, supported by resilient consumer demand and sustained public investment. Manufacturing is seen entering a new phase, moving beyond scale towar..

Sources Unlimited Introduces Vitamine Pendant Lamp by Melogranoblu

Sources Unlimited has launched the Vitamine Pendant Lamp by Melogranoblu in India, expanding its portfolio of curated international luxury lighting solutions. Designed and crafted in Italy, the Vitamine pendant reflects contemporary glass artistry, combining hand-blown craftsmanship with refined aesthetics and atmospheric illumination.The Vitamine Pendant Lamp is sculpted in hand-blown glass and is available in frosted, silver and black metallised finishes. Each finish offers a distinct visual identity while maintaining a cohesive and sophisticated design language. The lamp’s softly contoure..