BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
ICICI Direct Report
The Government has approved the production linked incentive scheme for auto sector.
The scheme is aimed at incentivising investments in high advanced automotive technology vehicles and products. Brief highlights-
total scheme outlay is at ~Rs 26,000 crore for five years,
government hopes to attract fresh investments of more than Rs 42,500 crore in five years, with incremental production, employment generation potential pegged at Rs 2.3 lakh crore, 7.6 lakh persons, respectively,
increasing India’s contribution to the global automotive market via greater localisation and domestic production of advanced automotive technologies is a cornerstone of the scheme,
the scheme is open to existing automotive companies and new investors and is divided into two parts i.e. champion original equipment manufacturer incentive scheme and component champion incentive scheme.
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.
As a Subscriber you get
Stories
RECOMMENDED FOR YOU
POPULAR