The Ministry of Heavy Industries (MHI) is gearing up for a significant conference titled “Review of PLI-Auto Scheme – Excellence through Automotive Aatmanirbharta,” scheduled for August 29, 2023, at the India Habitat Centre. Dr. Mahendra Nath Pandey, Union Minister for Heavy Industries, will preside over the event. The conference’s objective is to facilitate dialogue among stakeholders, including PLI-Auto applicants, PMA, and Test Agencies, to evaluate the scheme’s performance, exchange insights, and address challenges. The conference also aims to delve into the various opportunities presented by the scheme.
Promoting Cleaner Mobility and Fostering Innovation: Automotive Aatmanirbharta
In its endeavor to promote Cleaner Mobility and foster an ecosystem of Innovation and Technology, the Ministry of Heavy Industries has spearheaded various initiatives. The automotive sector, in particular, has witnessed the launch of several flagship programs, with the PLI scheme for Automobile & Auto Components being a standout initiative, boasting an impressive allocation of ₹25,938 crore.
Driving Automotive Industry Growth
The ripple effects of these programs are anticipated to drive substantial growth within the automotive industry. With projections indicating that the Indian automotive sector could ascend to the global third rank by 2030, the PLI-Auto applicants hold a vital role in this trajectory. The MHI is unwavering in its commitment to supporting the industry’s march towards “Excellence through Aatmanirbharta,” in line with the visionary goals outlined by the Prime Minister.
Central Government’s Backing for Innovation and Technology
The Ministry of Heavy Industries recognizes that achieving ambitious goals such as deep localization and the development of Advanced Automotive Technology (AAT) Products within the country is contingent on the robust progress of the Automotive Industry. The central government shoulders the moral responsibility of bolstering this crucial sector, providing financial support as well as creating a nurturing environment conducive to Innovation and Technology.
Conclusion: Automotive Aatmanirbharta
As the upcoming conference, orchestrated by the Ministry of Heavy Industries, draws near, it promises to serve as a dynamic platform for insightful discussions regarding the PLI-Auto Scheme’s contributions to automotive self-reliance. With resolute government support and collaborative efforts from stakeholders, the Indian automotive industry stands poised to achieve substantial growth while simultaneously fostering innovation and a spirit of self-sufficiency.
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