“A draft SOP has been prepared in consultation with the players that were shortlisted,” a senior government official told ET. “Issues regarding documentation required to establish local sourcing have been addressed.”
Concerns had been raised about the long list of information and details the companies had to submit to claim benefits under the programme aimed at boosting domestic manufacturing.
Some 115 companies had filed applications under the PLI Scheme for automobile and auto component industry which was notified in September 2021. Out of these, five auto original equipment manufacturers (OEMs) companies had applied for both the parts of the scheme.
In all, the scheme has been successful in attracting proposed investments of Rs 74,850 crore, of which Rs 45,016 crore is from approved applicants under Champion OEM Incentive Scheme and Rs 29,834 crore from approved applicants under Component Champion Incentive Scheme.
