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

Equipment

12 Dec 2025

Schwing Stetter India Unveils New Innovations at Excon 2025

Schwing Stetter India unveiled more than 20 new machines at Excon 2025, marking one of its most significant showcases and introducing several India-first technologies to the construction equipment sector. The company launched the country’s first 56-metre boom pump designed and manufactured in India, the first fully electric truck mixer, the first CNG mixer variant and the first hybrid boom pump. Executives said the launch portfolio was engineered to support India’s move toward faster, greener and more vertically oriented infrastructure through advanced engineering, clean-energy solutions a..

SEPC Resolves Hindustan Copper Dispute, Wins Rs 725 Mn Order

Engineering, procurement and construction firm SEPC Ltd has recently settled a dispute with Hindustan Copper Ltd (HCL) and secured a mining infrastructure order valued at Rs 725 million from the state-owned company. SEPC informed the stock exchanges that it has executed a settlement deed with HCL, bringing closure to all inter-se claims and counterclaims arising from arbitration proceedings. As part of the settlement, SEPC will receive Rs 304.5 million as full and final payment, marking the resolution of all pending disputes between the two entities. The company also stated that Hindustan Co..

20% Ethanol Blending Cuts India’s CO2 Emissions by 73.6 Mn Tonnes

Union Road Transport and Highways Minister Nitin Gadkari recently said that India has reduced carbon dioxide emissions by 73.6 million metric tonnes due to the adoption of 20 per cent ethanol blending in petrol. He made the statement while replying to supplementary questions during the Question Hour in the Lok Sabha. Describing ethanol as a green fuel, the minister said it plays a key role in reducing pollution while also supporting higher incomes for farmers. He underlined that ethanol blending contributes both to environmental sustainability and rural economic growth. Nitin Gadkari also po..