New Delhi, (PTI): The Union Cabinet on Wednesday approved a Rs 26,058 crore production linked incentive (PLI) scheme for auto, auto-components and drone industries to enhance India's manufacturing capabilities, Union Minister Anurag Thakur said on Wednesday.
The PLI scheme will incentivize the emergence of advanced automotive technologies' global supply chain in India.
Incentives worth Rs 26,058 crore will be provided to industry over five years, the minister told reporters after the Cabinet meeting.
It is estimated that over a period of five years, the PLI scheme for the automobile and auto components industry will lead to fresh investment of over Rs 42,500 crore, incremental production of over Rs 2.3 lakh crore and will create additional employment opportunities of over 7.5 lakh jobs, Thakur said.
The PLI scheme for automobile and drone industries is part of the overall announcement of PLI schemes for 13 sectors made earlier during the Union Budget 2021-22, with an outlay of Rs 1.97 lakh crore.
The scheme for the auto sector envisages overcoming the cost disabilities to the industry for the manufacture of advanced automotive technology products in India.
The incentive structure will encourage industry to make fresh investments for the indigenous global supply chain of Advanced Automotive Technology products, Thakur said.
The scheme for the 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 - Champion OEM Incentive Scheme and Component Champion Incentive Scheme.
The Champion OEM Incentive scheme is a sales value linked' scheme, applicable on Battery Electric Vehicles and Hydrogen Fuel Cell Vehicles of all segments, the minister said.
The Component Champion Incentive scheme is a sales value linked' scheme, applicable on Advanced Automotive Technology components of vehicles, Completely Knocked Down (CKD)/ Semi Knocked Down (SKD) kits, vehicle aggregates of 2-Wheelers, 3-Wheelers, passenger vehicles, commercial vehicles and tractors.
This PLI scheme for automotive sector along with the already launched PLI scheme for Advanced Chemistry Cell (Rs 18,100 crore) and Faster Adaption of Manufacturing of Electric Vehicles (Rs 10,000 crore) will enable India to leapfrog from traditional fossil fuel-based automobile transportation system to environmentally cleaner, sustainable, advanced and more efficient Electric Vehicles (EV) based system.
Further the PLI scheme for the drones and drone components industry addresses the strategic, tactical and operational uses of this revolutionary technology.
A product-specific PLI scheme for drones with clear revenue targets and a focus on domestic value addition is key to building capacity and making these key drivers of India's growth strategy.
The scheme will over a period of three years, lead to investments worth Rs 5,000 crore, an increase in eligible sales of Rs 1500 crore and create additional employment of about 10,000 jobs.
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Mumbai, Sep 20: Bollywood actor Kangana Ranaut appeared before a Mumbai court on Monday in connection with a criminal defamation complaint filed against her by lyricist Javed Akhtar, and said she had "lost faith" in the magistrate's court as it indirectly "threatened" her of issuing a warrant if she failed to appear before it in a bailable offence.
Ranaut also moved a counter complaint in the court against Akhtar for alleged "extortion and criminal intimidation", and her lawyer informed the court that they had filed an application before chief metropolitan magistrate, seeking transfer of hearing into the complaint to another court.
The court had last week said it will issue a warrant against Ranaut if she fails to appear on the next date of hearing on September 20.
Ranaut appeared before Andheri metropolitan magistrate R R Khan on Monday for the first time since summons was issued to her in February this year, and completed the bail formalities.
As the matter came up for hearing, her lawyer Rizwan Siddique told that court that Ranaut does not want to proceed with this court (in connection with the complaint).
Siddique said they have "lost faith in the court as it seems to be biased".
The court has indirectly "threatened" her of issuing a warrant on two occasions in a non-cognisable, compoundable and bailable offence, where as per law regular presence is not required, the lawyer claimed.
Ranaut has been called before the court without any cause or reason, he said.
He further submitted that till today, there is no order as to why she is required to be present regularly for the bailable, non-cognisable and compoundable offence.
Akhtar's lawyer Jay Bharadwaj termed Ranaut's plea for transfer of complaint to another court as "extremely bizzare".
"They have neither given any notice nor a copy of the (transfer) application to us," he said.
The court will hear the matter next on November 15.
Earlier this month, the Bombay High Court dismissed a plea filed by Ranaut seeking quashing of proceedings initiated against her by the local court on the criminal defamation complaint filed by Akhtar.
Justice Revati Mohite-Dere had said in the order that there was no procedural illegality or irregularity in the metropolitan magistrate's order initiating the proceedings.
Akhtar (76) had filed the complaint in the court in November last year, claiming Ranaut had made defamatory statements against him in a television interview, which allegedly damaged his reputation.
In his complaint, Akhtar claimed that Ranaut dragged his name during an interview while referring to a 'coterie' existing in Bollywood, following the alleged suicide committed by actor Sushant Singh Rajput in June last year.