From The Economic Times · Twesh Mishra · · 50s
India to review auto PLI apps with Chinese FDI
India may approve production-linked incentives for auto firms with Chinese investments after FDI nod.
In brief
India may approve production-linked incentives for auto firms with Chinese investments after FDI nod. India will consider PLI benefits for auto companies with Chinese investments following recent FDI approvals. Originally reported by The Economic Times.
New FDI approval window
The government will review PLI applications for auto companies with Chinese investments after FDI approvals.
JSW MG Motor India
JSW MG Motor India, a joint venture between JSW Group and SAIC Motor, sells MG-branded vehicles in India.
Tata AutoComp Systems
Tata AutoComp Systems partners with Chinese firms for electric drivetrains and air conditioning.
FDI thaw progress
India and China have improved relations after Xi's visit, with new FDI guidelines to expedite approvals.
PLI scheme details
The auto PLI scheme has a Rs 25,938 crore budget and now exceeds Rs 45,000 crore in investments.
What matters most
India will consider PLI benefits for auto companies with Chinese investments following recent FDI approvals.
