PLI in Auto sector will create 7.5 lakh jobs: Heavy Industries Ministry

Goel said that auto companies had proposed an investment of Rs 45,016 crore under the PLI scheme. 

"We had opened the application window of 60 days, which closed on January 9 this year. We received a total of 115 applications, 87 under the Auto component category and 38 under the OEM, that's the vehicle category. Five applicants applied in both categories. So we have 120 applications from 150 applicants," he said. 

As regards the 92 applications of auto components, they are in the process and will take three to four weeks more time. However, on the OEM category, the 28 applications have been processed and we have declared 20 applicants eligible, the secretary said. 

Goel said that after these companies have been selected, each company has to submit its production to the testing agencies, one of the conditions for the product selection is that at least 50 per cent value addition must be domestic or Made in India. 

"We will check by going up to tier three, not that you can tighten the screws and get the benefit, which means a large number of jobs shall get created in the MSME sector," Goel said.