The PLI Scheme for automobile sector will help the sector to keep pace with global technological transformation: Amitabh Kant

Amitabh Kant – CEO, NITI Aayog:

The PLI Scheme for automobile sector & Drones approved by Govt has an outlay of Rs 26,508 Cr. It will act as a catalyst in areas of advanced automotive segments, help the sector to keep pace with global technological transformation and participate in global supply chains.

India is world’s largest 2W, 3W & tractor manufacturer & world’s 2nd largest bus manufacturer, 3rd largest heavy truck manufacturer & 4th largest car manufacturer.

The sector accounts for 7.1% of India’s GDP currently & 49% of manufacturing sector.

Today’s PLI will give it greater impetus.

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