grow he notedthere will be a ripple effect for instance if there is a tieri auto component maker it has to source the child part from tierii and tieriii manufacturers so in the end that revenue is going to come to the msme the profits for msme will also grow agarwal added also read etauto exclusive pli scheme draft offers benefit to big auto manufacturers only here is whythere were certain boundary conditions which were laid by the authorities stating that this kind of production linked incentive should be given to certain champions which have the scale and capability of investing in the future so that they can take a very significant portion in the whole global value chain jain pointed out other auto component manufacturers in the panel said that the incentives will help the sector to reduce import and become netexporters the msme players are largely export driven we need to create a industry format within acma so that we all work together in furthering the cause where in the msme get together with the large players and make it more inclusive so that the deliverables of the government are achieved within the said time frame sunil arora managing director of abilities indian piston rings said through pli scheme the objective of the government is to promote champions and make big championssaurabh agarwal partner eyhailing the scheme sohinder gill director general smev said that although the scheme does not benefit the oems in ev space much but the outlay of inr 18100 crore for advanced chemistry cell batteries will definitely boost local battery manufacturingchina is really becoming so overpowering in batteries due to geopolitical compulsions or cost compulsions if we want to be selfdependent on batteries then schemes like pli must be taken into consideration gill highlighted last month the union government approved a productionlinked incentive scheme worth up to inr 145 lakh crore for 10 key manufacturing sectors out of this the largest share is allocated to automobiles and auto components a maximum incentive of about inr 57000 crore the automobile industry in india accounts for 71 to the countrys gdp and around 49 to indias manufacturing gdp as of 2019 it became the fifthlargest auto market in 2019 with sales reaching 381 million units the automobile industry is one of the largest employment providers in the country and employs close to 29 million people across the countrylauding some elements of the policy the acma resident said that through this scheme the intent of the government is very clear make in india localise in india and also create more value addition in india the whole idea to make the industry competitive is to get the scale maybe it is a good time for the auto industry to reflect how we should use the domestic capital and foreign capital in different lenses so that we are able to have the best advantage which basically both the entities of the domestic and the foreign can get jain