The Indian government has established a ₹4,150 crore investment-linked import concession scheme to stimulate the domestic automotive industry. This initiative focuses on facilitating the import of vehicles, primarily cars, with the primary objective of bolstering local manufacturing capabilities. The program is designed to encourage investment in EV production and establish a robust supply chain within India. The government anticipates this scheme will contribute to reducing reliance on imported vehicles and fostering economic growth within the automotive sector. The program’s success will be evaluated based on the number of vehicles imported and the resulting impact on manufacturing employment.
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Govt. Initiative Seeking EV Import to Boost Local Manufacturing
