Govt wants to certify all automotive PLI applicants by July
Tata Motors and M&M have received localization certifications from the government-run testing agency Arai for a range of products with electric powertrains. The incentives will be awarded against evidence of actual sales and audits of the investment made in advanced automotive technologies.
A large number of companies have been unable to submit the necessary documentation involving detailed data of local sourcing at the tier-1, tier-2, and tier-3 levels, required to be signed off by statutory auditors, in time to become eligible for certifications because of complexities in the application process. IFCI, a project management agency, has been appointed to oversee the scheme’s implementation and an SOP for DVA has been released to guide the beneficiaries, Mahendra Nath Pandey, Union minister for heavy industries had said in a reply to parliament last month, adding that as part of monitoring and ensuring compliance, the government conducts periodic visits to the manufacturing plants of the approved beneficiary companies and undertakes quarterly reviews of the scheme’s progress.Milestone Alert!
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