The Government of India, through the Department of Industrial Policy & Promotion (DIPP), Ministry of Commerce & Industry, has formulated an Industrial Infrastructure Up gradation Scheme (IIUS), targeted at improving the global competitiveness of functional clusters in the country through the provision of grant funding for the creation of quality infrastructure.
The automotive cluster in Pithampur near Indore is of the identified clusters under the IIUS. Under the IIUS, the Government of India will provide a grant of up to 75% of the total cost of infrastructure creation and up gradation in the identified clusters, subject to a limit of Rs. 50 cr per cluster.
The balance investment would be raised through Stakeholders / Industries, by the way of contributions and from State Government / Financial Institutions to implement the project.