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Union Cabinet sanctions PLI scheme worth Rs. 26,000 crore for the automobile sector

Union Cabinet sanctions PLI scheme worth Rs. 26,000 crore for the automobile sector

The Central Cabinet has announced that the government has approved a production-linked incentive (PLI) scheme for the automobile sector. It will provide incentives worth Rs 26,000 crore to auto manufacturers manufacturing cars, auto parts, and other related products in India.The preliminary outlay sanctioned for the PLI scheme for vehicles and components manufacturers was ...

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