BQ Blue's special research section collates quality and in-depth equity and economy research reports from across India's top brokerages, asset managers and research agencies. These reports offer BloombergQuint's subscribers an opportunity to expand their understanding of companies, sectors and the economy.
ICICI Securities Report
The government has approved the production linked incentive scheme for automotive industry with key focus on new energy vehicles, enhancing local manufacturing capabilities of advanced automotive technologies.
Key takeaways-
financial incentives worth Rs 260.58 billion to be provided to the industry over five years. As per the policy makers, PLI scheme is expected to add Rs 475 billion in fresh investments and incremental production of over Rs 2.3 trillion over five years. These investments are likely to create 760,000 additional employment opportunities.
The PLI scheme for auto sector is open to existing automotive companies as well as new investors who are currently not in automobile or auto component manufacturing business.
The scheme has two components viz. champion original equipment manufacturer incentive scheme and component champion incentive scheme.
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.
Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.
