India Government Says Applicants Under Production Linked Incentive Auto Scheme Propose Investment Of ₹676.90B; Investment Of ₹107.55B Made By Applicants Under PLI Auto Scheme As Of June 30
Portfolio Pulse from Happy Mohamed
Applicants under the Production Linked Incentive (PLI) Auto Scheme in India have proposed an investment of ₹676.90B. As of June 30, an investment of ₹107.55B has been made under the scheme.
August 29, 2023 | 2:34 pm
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POSITIVE IMPACT
The news indicates a significant investment in India's auto industry, which could potentially boost the performance of INDA, an ETF that tracks the Indian market.
The proposed and actual investments under the PLI Auto Scheme indicate a strong interest and commitment in India's auto industry. This could lead to growth in the sector, which would likely have a positive impact on INDA, an ETF that tracks the Indian market.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80