Government Plans Rs 12,000 Crore PLI Scheme to Boost Domestic Manufacturing of Heavy Machinery

Government working on Rs 12,000 crore PLI scheme for heavy machinery used in mining and construction sectors
Scheme aims to boost domestic manufacturing and reduce imports of equipment like excavators, loaders, drills, etc.
To attract investments, incentivize production of machinery and components currently imported
Scheme to help meet rising infrastructure growth needs and boost underground coal mining
Industry estimates scheme will bring $4 billion investment, $2.9 billion forex savings, $3 billion exports by 2030