New Delhi: The Central government has approved a scheme to promote India as a manufacturing destination so that e-vehicles (EV) with the latest technology can be manufactured in the country. Commerce Ministry on Friday said the policy is designed to attract investments in the e-vehicle space by reputed global EV manufacturers. The policy fixes a minimum investment of Rs 4,150 crore (∼USD 500 million) for foreign companies who want to set up electric vehicle manufacturing facilities in India. The scheme which aims to attract investments from leading EV manufacturers, such as Elon Musk-led Tesla, does not fix any upper limit on the investments. The scheme also stipulates a 3 years timeline fo
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