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In September 2021, the Ministry of Heavy Industries (MHI) released the Production Linked Incentive (PLI) scheme for the automobile sector. The scheme was designed to bolster the growth of the local manufacturing ecosystem for advanced automotive products in India, along with the aim of creating a global auto manufacturing hub and manufacturing champions in the country.
India’s and Germany’s relations play a strategic role in the development of both economies. Growing across seven decades of bilateral relations, the two countries have always maintained strong associations and liaised for mutual development.
We are pleased to present the latest edition of Tax Street – our newsletter.
India has been one of the top recipients of Foreign Direct Investment (FDI) across the globe over the last decade.
